20 Mar 2015
EUR/USD long for 1.1000 – GrowthAces
FXStreet (Barcelona) - The GrowthAces Research Team maintains their bullish outlook on EUR/USD, targeting 1.1000.
Key Quotes
“We wrote in our Wednesday’s Trading Strategies Update released after the Fed statement and yesterday’s Market Overview that the USD rally might be over and we maintain our opinion despite overwhelmingly one-sided market positioning.”
“Our previous long taken at 1.0750 hit the stop-loss level. The position was taken too early, we did not anticipate strong USD recovery yesterday. However, this recovery does not change our outlook that the bearish EUR/USD is over. We got long again at 1.0670 today and set the target at 1.1000.”
“Significant technical analysis' levels:
Resistance: 1.0796 (hourly high Mar 19), 1.0920 (session high Mar 19), 1.0940 (21-dma)
Support: 1.0650 (hourly low Mar 20), 1.0613 (low Mar 19), 1.0580 (low Mar 18)”
“EUR/USD: long at 1.0670, target 1.1000, stop-loss 1.0500, risk factor *”
Key Quotes
“We wrote in our Wednesday’s Trading Strategies Update released after the Fed statement and yesterday’s Market Overview that the USD rally might be over and we maintain our opinion despite overwhelmingly one-sided market positioning.”
“Our previous long taken at 1.0750 hit the stop-loss level. The position was taken too early, we did not anticipate strong USD recovery yesterday. However, this recovery does not change our outlook that the bearish EUR/USD is over. We got long again at 1.0670 today and set the target at 1.1000.”
“Significant technical analysis' levels:
Resistance: 1.0796 (hourly high Mar 19), 1.0920 (session high Mar 19), 1.0940 (21-dma)
Support: 1.0650 (hourly low Mar 20), 1.0613 (low Mar 19), 1.0580 (low Mar 18)”
“EUR/USD: long at 1.0670, target 1.1000, stop-loss 1.0500, risk factor *”