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EUR/USD bears in control - FXStreet

FXStreet (Guatemala) - Valeria Bednarik, Chief analyst at FXStreet explains that technically, the EUR/USD pair has presented little progress over this last 24 hours.

Key Quotes:

“The hourly chart showing price between 100 and 200 SMAs, just 30 pips away from each other, which clearly reflects the lack of directional strength”.

“Indicators stand flat below their midlines, while the 4 hours chart presents a neutral stance, with price moving back and forth around its 20 SMA and indicators stuck around their midlines”.

“Nevertheless, bears maintain full control of the pair, now waiting for more light coming from the FED to decide whether to extend the bearish trend”.

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