9 Mar 2015
EUR/USD might see some correction – GrowthAces
FXStreet (Barcelona) - The GrowthAces Research Team believes that the EUR/USD pair might witness some correction due to profit-taking, and further looks for above 1.1000 levels to go short on the pair.
Key Quotes
“We expect some corrective moves on the EUR/USD in the coming days on profit taking.”
“We stay sideways, but given strong bearish sentiment on the EUR/USD we will consider getting short at the levels above 1.1000.”
“The next target for the EUR/USD bears is September 2003 low at 1.0762. Breaking below this level will open the way to the parity.”
“Significant technical analysis' levels:
Resistance: 1.0906 (hourly high March 6), 1.1033 (high, Mar 6), 1.1113 (high Mar 5)
Support: 1.0809 (low Sep 4, 2003), 1.0762 (monthly low Sep 2003), 1.0072 (76.4% of 0.8228-1.6040)”
Key Quotes
“We expect some corrective moves on the EUR/USD in the coming days on profit taking.”
“We stay sideways, but given strong bearish sentiment on the EUR/USD we will consider getting short at the levels above 1.1000.”
“The next target for the EUR/USD bears is September 2003 low at 1.0762. Breaking below this level will open the way to the parity.”
“Significant technical analysis' levels:
Resistance: 1.0906 (hourly high March 6), 1.1033 (high, Mar 6), 1.1113 (high Mar 5)
Support: 1.0809 (low Sep 4, 2003), 1.0762 (monthly low Sep 2003), 1.0072 (76.4% of 0.8228-1.6040)”