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

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

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.”