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22 May 2015
EUR/USD close above 1.1240 to be bullish – Growth Aces
FXStreet (Barcelona) - The Growth Aces Research Team maintains their long position on EUR/USD, expecting gains towards 1.1450.
Key Quotes
“The EUR/USD strong support at 1.1050 remained intact this week despite the USD rally. Today the USD edged lower, which is good news for our long EUR/USD position taken at 1.1140.”
“The rate is back above 100-dma at 1.1148 and broke above 21-dma at 1.1184. The 10-dma at 1.1240 is still ahead of us. A close above this level would be a very strong bullish signal.”
“Hawkish rhetoric from Janet Yellen is rather unlikely today. However, we have raised the stop-loss on our long position to the entry level in case of the EUR retreat.”
“EUR/USD: long at 1.1140, target 1.1450, stop-loss moved to 1.1140, risk factor *”
Key Quotes
“The EUR/USD strong support at 1.1050 remained intact this week despite the USD rally. Today the USD edged lower, which is good news for our long EUR/USD position taken at 1.1140.”
“The rate is back above 100-dma at 1.1148 and broke above 21-dma at 1.1184. The 10-dma at 1.1240 is still ahead of us. A close above this level would be a very strong bullish signal.”
“Hawkish rhetoric from Janet Yellen is rather unlikely today. However, we have raised the stop-loss on our long position to the entry level in case of the EUR retreat.”
“EUR/USD: long at 1.1140, target 1.1450, stop-loss moved to 1.1140, risk factor *”