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EUR/USD bulls ensure 1.28 handle for now - FXStreet

FXStreet (Barcelona) - Valeria Bednarik, chief analyst at FXStreet noted the conditions surrounding the EUR leading us into the Asian session.

Key Quotes:

“In the EUR/USD, a dip to 1.2700 was seen as a buying opportunity, with the pair surging back above the 1.2800 figure”.

“The 1 hour chart shows price struggling above a flat 20 SMA and indicators losing upward potential around their midlines”

“Yet the 4 hours chart maintains a strong upward momentum, suggesting the rally may finally extend through 1.2845 immediate resistance”.

“Support levels: 1.2790 1.2740 1.2700”

“Resistance levels: 1.2845 1.2890 1.2930”

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