11 May 2015
EUR/USD weakness temporary, going long for 1.1450 – Growth Aces
FXStreet (Barcelona) - The Growth Aces Research Team, maintains their bullish outlook on EUR/USD, anticipating a move towards 1.1450 levels.
Key Quotes
“The EUR/USD slipped on Monday, as many investors took a pessimistic view of the latest round of Eurozone talks on a cash-for-reform deal for Greece. Our long EUR/USD position hit the stop-loss level at 1.1135.”
“In our opinion EUR weakness is temporary and there is a scope for further gains to the 1.1534, high on February 3 in the medium term.”
“We expect the EUR/USD to come back to gains, but at a slower pace than it has been observed recently. We have placed our buy order at 1.1080, above the very strong support area near 1.1050.”
“Resistance: 1.1206 (session high May 11), 1.1228 (100-dma), 1.1290 (high May 8)”
“Support: 1.1133 (session low May 11), 1.1100 (psychological level), 1.1067 (low May 5)”
“EUR/USD: buy at 1.1080, if filled - target 1.1450, stop-loss 1.1020, risk factor **”
Key Quotes
“The EUR/USD slipped on Monday, as many investors took a pessimistic view of the latest round of Eurozone talks on a cash-for-reform deal for Greece. Our long EUR/USD position hit the stop-loss level at 1.1135.”
“In our opinion EUR weakness is temporary and there is a scope for further gains to the 1.1534, high on February 3 in the medium term.”
“We expect the EUR/USD to come back to gains, but at a slower pace than it has been observed recently. We have placed our buy order at 1.1080, above the very strong support area near 1.1050.”
“Resistance: 1.1206 (session high May 11), 1.1228 (100-dma), 1.1290 (high May 8)”
“Support: 1.1133 (session low May 11), 1.1100 (psychological level), 1.1067 (low May 5)”
“EUR/USD: buy at 1.1080, if filled - target 1.1450, stop-loss 1.1020, risk factor **”