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14 May 2015
EUR/USD remains a buy on dips for 1.1530 – Growth Aces
FXStreet (Barcelona) - The Growth Aces Research Team maintains a buy on dips approach on EUR/USD, targeting 1.1530 levels.
Key Quotes
“The EUR/USD remains above 10-dma and 100-dma, which is a strong bullish signal. There are some important resistance levels ahead, which in our opinion will be broken after a corrective move.”
“The nearest important resistance levels are double top at 1.1450 (daily high on February 17 and 19) and 1.1514 (50% fibo of 1.2570-1.0457).”
“Our trading strategy is to use dips as buying opportunities. We have placed our bud at 1.1285 and will be waiting for breaking above 50% fibo resistance if the order is filled.”
“Resistance: 1.1450 (high Feb 19), 1.1486 (high Feb 6), 1.1499 (high Feb 5)”
“Support: 1.1340 (hourly low May 14), 1.1250 (10-dma), 1.1202 (100-dma)”
“EUR/USD: buy at 1.1285, if filled - target 1.1530, stop-loss 1.1210, risk factor *”
Key Quotes
“The EUR/USD remains above 10-dma and 100-dma, which is a strong bullish signal. There are some important resistance levels ahead, which in our opinion will be broken after a corrective move.”
“The nearest important resistance levels are double top at 1.1450 (daily high on February 17 and 19) and 1.1514 (50% fibo of 1.2570-1.0457).”
“Our trading strategy is to use dips as buying opportunities. We have placed our bud at 1.1285 and will be waiting for breaking above 50% fibo resistance if the order is filled.”
“Resistance: 1.1450 (high Feb 19), 1.1486 (high Feb 6), 1.1499 (high Feb 5)”
“Support: 1.1340 (hourly low May 14), 1.1250 (10-dma), 1.1202 (100-dma)”
“EUR/USD: buy at 1.1285, if filled - target 1.1530, stop-loss 1.1210, risk factor *”