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15 May 2015
EUR/USD outlook still bullish, targeting 1.1514 – Growth Aces
FXStreet (Barcelona) - The Growth Aces Research Team maintains its bullish outlook on EUR/USD, expecting a lower correction before the pair pushes higher for 1.1514 levels.
Key Quotes
“We keep our bullish outlook on the EUR/USD and forecast further rise on this pair in the medium term. The nearest important resistance level is 1.1514 (50% slide of 1.2570-1.0457). We expect the EUR/USD to break above this level, but a corrective move is likely first. We maintain our buy order at 1.1285, above 10-dma.”
“Resistance: 1.1450 (high Feb 19), 1.1486 (high Feb 6), 1.1499 (high Feb 5)”
“Support: 1.1340 (hourly low May 14), 1.1268 (10-dma), 1.1202 (low May 13)”
Key Quotes
“We keep our bullish outlook on the EUR/USD and forecast further rise on this pair in the medium term. The nearest important resistance level is 1.1514 (50% slide of 1.2570-1.0457). We expect the EUR/USD to break above this level, but a corrective move is likely first. We maintain our buy order at 1.1285, above 10-dma.”
“Resistance: 1.1450 (high Feb 19), 1.1486 (high Feb 6), 1.1499 (high Feb 5)”
“Support: 1.1340 (hourly low May 14), 1.1268 (10-dma), 1.1202 (low May 13)”