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EUR/USD post Fed's hawkish Bullard comments - FXStreet

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 13, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that in the US, FED's Bullard, and usual hawk, offered a speech saying that a lift-off is still appropriate, as the recent challenges are not significantly robust to guide the economic policy and offered an analyses of subsequent price action in EUR/USD and analyses.

    Key Quotes:

    The pair has been holding ground well above the mentioned session low ,and the technical picture shows that in the 1 hour chart the price stands above a horizontal 20 SMA, whilst the technical indicators turned north above their mid-lines, supporting further gains. In the 4 hours chart, the price is well above a still bullish 20 SMA, whilst the technical indicators have turned lower from overbought readings, and the Momentum indicator is about to cross its mid-line towards the downside. Only below 1.1340, the mentioned 20 SMA, the pair can extend its decline down to 1.1290, should the dollar maintain the positive tone.
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