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18 Mar 2015
EUR/USD key resistance at 1.0680 – FXStreet
FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, explains that 1.0680 is key for EUR/USD as a move above it can trigger stops and lead the pair higher towards 1.0730/60.
Key Quotes
“As for the EUR/USD pair, the key resistance level to follow during the upcoming hours is the 1.0680 level, last week high. Stops are likely to lie above it, so if triggered, the movement can extend up to 1.0730/60 before stalling.”
“To the downside, 1.0550 is critical, as a downward acceleration below it, should lead to a test of this year low around 1.0460.”
“The long term background that supports the current bearish trend, won't be affected by today's decision, meaning there are high chances that after the dust settles, sellers will take their chances at higher levels.”
Key Quotes
“As for the EUR/USD pair, the key resistance level to follow during the upcoming hours is the 1.0680 level, last week high. Stops are likely to lie above it, so if triggered, the movement can extend up to 1.0730/60 before stalling.”
“To the downside, 1.0550 is critical, as a downward acceleration below it, should lead to a test of this year low around 1.0460.”
“The long term background that supports the current bearish trend, won't be affected by today's decision, meaning there are high chances that after the dust settles, sellers will take their chances at higher levels.”