EUR/USD: Anticipate new rallies towards the 1.0730 barrier - Natixis

Sandeep Kanihama FXStreet Contributor

Micaella Feldstein, Research Analyst at Natixis, explains that as the daily stochastic is oversold and as the daily volatility has stabilized, they anticipate new rallies towards the 1.0730 barrier for the EUR/USD pair.

Key Quotes

"This resistance is crucial: only its clearance would lessen the risks of a pullback to a key support at 1.0630 (weekly Bollinger moving average) and would suggest a pronounced rally to 1.08 (9-month moving average) ahead of 1.0842-1.0867 (daily Bollinger upper band). The supports stand at 1.0630, at 1.05751.0592, at 1.0550, at 1.0520-1.0535 and at 1.0444-1.0460."

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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