Back
11 Mar 2015
Euro Dollar parity soon? – GrowthAces
FXStreet (Barcelona) - With EUR showing no signs of any bottom, the Growth Aces Research Team believe that EUR/USD might fall close to parity towards 1.0072 levels after a break below the 1.0335 support.
Key Quotes
“There is only one direction on the EUR/USD. There are no signs of any support barriers and EUR/USD are reaching their targets easily. The pace of the sell-off suggests the potential for even bigger decline.”
“The nearest strong support level is 1.0501 – monthly low on March 2003.”
“In our opinion the EUR/USD may fall to long-term fibo support at 1.0072 (76.4% of 0.8828-1.6040) soon.”
“We have a support at 1.0335 (monthly low on January 2003), but given the strength of the EUR/USD bears this level may be broken easily.”
“In our opinion selling EUR/USD on corrective upticks is reasonable. We have lowered our offer to 1.0700. If the order is filled, the short-term target will be 1.0340.”
Key Quotes
“There is only one direction on the EUR/USD. There are no signs of any support barriers and EUR/USD are reaching their targets easily. The pace of the sell-off suggests the potential for even bigger decline.”
“The nearest strong support level is 1.0501 – monthly low on March 2003.”
“In our opinion the EUR/USD may fall to long-term fibo support at 1.0072 (76.4% of 0.8828-1.6040) soon.”
“We have a support at 1.0335 (monthly low on January 2003), but given the strength of the EUR/USD bears this level may be broken easily.”
“In our opinion selling EUR/USD on corrective upticks is reasonable. We have lowered our offer to 1.0700. If the order is filled, the short-term target will be 1.0340.”