10 Mar 2015
EUR/USD targeting 1.0550 – GrowthAces
FXStreet (Barcelona) - The GrowthAces Research Team shares the outlook and key technical levels for EUR/USD, expecting the pair to weaken to 1.0550 levels.
Key Quotes
”The EUR/USD sank below 1.0800 for the first time in almost 12 years today. Our sell offer is at 1.0845, below the level of 1.0855, hourly high on March 10. If the order is filled, our target will be 1.0550, just above the psychological level of 1.0500. In the medium-term the EUR/USD bears target long-term fibo 76.4% of 0.8228-1.6040 at 1.0072, which is very close to the parity.”
“Significant technical analysis' levels:
Resistance: 1.0855 (hourly high Mar 10), 1.0906 (hourly high March 6), 1.1033 (high, Mar 6)
Support: 1.0734 (low Mar 10), 1.0500 (psychological level), 1.0072 (76.4% of 0.8228-1.6040)”
Key Quotes
”The EUR/USD sank below 1.0800 for the first time in almost 12 years today. Our sell offer is at 1.0845, below the level of 1.0855, hourly high on March 10. If the order is filled, our target will be 1.0550, just above the psychological level of 1.0500. In the medium-term the EUR/USD bears target long-term fibo 76.4% of 0.8228-1.6040 at 1.0072, which is very close to the parity.”
“Significant technical analysis' levels:
Resistance: 1.0855 (hourly high Mar 10), 1.0906 (hourly high March 6), 1.1033 (high, Mar 6)
Support: 1.0734 (low Mar 10), 1.0500 (psychological level), 1.0072 (76.4% of 0.8228-1.6040)”