6 May 2015
Outlook for FX majors – Littlefish FX
FXStreet (Barcelona) - Analysts at Littlefish FX, give the outlook for FX majors, expecting a retest of 1.1350 levels in EUR/USD if the pair maintains above 1.1120/40.
Key Quotes
“EUR: While 1.1120/40 supports intraday expect retest and break of last weeks highs en-route to 1.1350”
“GBP: While 1.5050 supports the advance expect a retest and break of 1.55 en route to 1.5560”
“JPY: Rejected at the 120 descending trendline resistance offers a break and close above 120.50 opens April highs”
“CAD: Bids at 120 continue to support on a closing basis, while this level survives anticipate a retest of 123/24 from below”
“AUD: Offers at .8050 reject on the first attempt while .78 supports potential for another run at .8050”
Key Quotes
“EUR: While 1.1120/40 supports intraday expect retest and break of last weeks highs en-route to 1.1350”
“GBP: While 1.5050 supports the advance expect a retest and break of 1.55 en route to 1.5560”
“JPY: Rejected at the 120 descending trendline resistance offers a break and close above 120.50 opens April highs”
“CAD: Bids at 120 continue to support on a closing basis, while this level survives anticipate a retest of 123/24 from below”
“AUD: Offers at .8050 reject on the first attempt while .78 supports potential for another run at .8050”