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16 Mar 2015
EUR/USD: remaining short ahead of Fed – GrowthAces
FXStreet (Barcelona) - The GrowthAces Research Team maintains their short position on EUR/USD ahead of the Fed’s meet, targeting 1.0335 levels.
Key Quotes
“The EUR/USD bounced from 1.0457 to above 1.0530 today. The FOMC policy announcement will be the major event of the week. It is widely expected that the Fed will take out “patient” from its statement”
“The momentum remains negative and we stay EUR/USD short at 1.0625 and 1.0335 is our short-term objective. We have lowered our trailing stop-loss to 1.0600.”
“In the medium-term the rate is likely to test 76.4% long-term fibo of the 0.8228 to 1.6040 rise at 1.0072. Breaking below this level will open the way to parity.”
“Significant technical analysis' levels:
Resistance: 1.0552 (session high Mar 16), 1.0634 (high Mar 13), 1.0684 (high Mar 12)
Support: 1.0457 (low Mar 16), 1.0400 (psychological level), 1.0335 (low Jan 2, 2003)”
Key Quotes
“The EUR/USD bounced from 1.0457 to above 1.0530 today. The FOMC policy announcement will be the major event of the week. It is widely expected that the Fed will take out “patient” from its statement”
“The momentum remains negative and we stay EUR/USD short at 1.0625 and 1.0335 is our short-term objective. We have lowered our trailing stop-loss to 1.0600.”
“In the medium-term the rate is likely to test 76.4% long-term fibo of the 0.8228 to 1.6040 rise at 1.0072. Breaking below this level will open the way to parity.”
“Significant technical analysis' levels:
Resistance: 1.0552 (session high Mar 16), 1.0634 (high Mar 13), 1.0684 (high Mar 12)
Support: 1.0457 (low Mar 16), 1.0400 (psychological level), 1.0335 (low Jan 2, 2003)”