30 Mar 2015
EUR/USD getting ready to jump higher, long for 1.1180 – Growth Aces
FXStreet (Barcelona) - With EUR/USD falling today due to Greek deal uncertainty, the Growth Aces Research Team expects the single currency to stage a bounce after tomorrow’s HICP release, remaining bullish on the pair.
Key Quotes
“Talks between Greece and its creditors continued through the weekend on reforms to unlock loans and Athens sounded an upbeat tone, but the lenders said it could take several more days before a proper list of measures was ready.”
“The EUR/USD fell today on uncertainty over Greece waiting for a deal that will help Athens secure funding before it runs out of money by April 20.”
“The volatility of the EUR/USD may be slightly higher tomorrow, when Eurozone March CPI estimate is released. We expect HICP flash to be 0.0% yoy vs. the market forecast of -0.2% yoy. Higher inflation reading should give a boost to the EUR.”
“The EUR short positions are at record highs now and such a situation has the potential to generate a sustainable pullback.”
“We stay long on the EUR/USD for 1.1180.”
“The EUR/USD is close to the short-term upward trendline which may suggest it is getting ready to jump on higher levels soon.”
Key Quotes
“Talks between Greece and its creditors continued through the weekend on reforms to unlock loans and Athens sounded an upbeat tone, but the lenders said it could take several more days before a proper list of measures was ready.”
“The EUR/USD fell today on uncertainty over Greece waiting for a deal that will help Athens secure funding before it runs out of money by April 20.”
“The volatility of the EUR/USD may be slightly higher tomorrow, when Eurozone March CPI estimate is released. We expect HICP flash to be 0.0% yoy vs. the market forecast of -0.2% yoy. Higher inflation reading should give a boost to the EUR.”
“The EUR short positions are at record highs now and such a situation has the potential to generate a sustainable pullback.”
“We stay long on the EUR/USD for 1.1180.”
“The EUR/USD is close to the short-term upward trendline which may suggest it is getting ready to jump on higher levels soon.”