Back
31 Mar 2015
EUR/USD might fall to 1.0755 – FXStreet
FXStreet (Barcelona) - FXStreet Editor and Analyst, Omkar Godbole, views that EUR/USD might drop to 1.0755 levels today, and the upside would remain capped at 1.0825 as Greek concerns linger.
Key Quotes
“On the charts, the pair is trading below 1.08, with the daily RSI bearish at 44.36. On the hourly too, the RSI is bearish. The pair was also rejected by the falling trend line resistance on the hourly chart earlier today.”
“Thus, the pair could drop to 1.0755, which is the 50% Fib retracement level of 1.0461-1.1050.”
“A fresh demand for the Euros could be seen around 1.7050-1.0755 levels. However, the immediate gains are unlikely to be significant so long as the Greek concerns exist.”
“The immediate upside appears capped at 1.0825.”
Key Quotes
“On the charts, the pair is trading below 1.08, with the daily RSI bearish at 44.36. On the hourly too, the RSI is bearish. The pair was also rejected by the falling trend line resistance on the hourly chart earlier today.”
“Thus, the pair could drop to 1.0755, which is the 50% Fib retracement level of 1.0461-1.1050.”
“A fresh demand for the Euros could be seen around 1.7050-1.0755 levels. However, the immediate gains are unlikely to be significant so long as the Greek concerns exist.”
“The immediate upside appears capped at 1.0825.”