5 Mar 2015
EUR/USD: go long at 1.0990 – GrowthAces
FXStreet (Barcelona) - The GrowthAces Research Team, explain how the further depreciation of the EUR will be negative for the USD, and hence suggest to get long on EUR/USD at 1.0990, targeting 1.2000 levels.
Key Quotes
“In our opinion a further significant fall of the EUR/USD is unlikely as it will make the Fed delay its interest rates hikes, which is negative for the USD.”
“We reiterate that this-year FOMC composition is really dovish”
“On the other hand, further depreciation of the EUR will give a boost to the Euro zone economy and will be reflected in much better macroeconomic figures, but this should lead to strengthening of the common currency.”
“The EUR hit a new 11-year low against the USD.”
“We are looking to get long again at 1.0990, just below the psychological level of 1.1000 that may be broken during today’s ECB Draghi’s press conference.”
“EUR/USD trading strategy: buy at 1.0990, if filled – target 1.1200, stop-loss 1.0890, risk factor *”
Key Quotes
“In our opinion a further significant fall of the EUR/USD is unlikely as it will make the Fed delay its interest rates hikes, which is negative for the USD.”
“We reiterate that this-year FOMC composition is really dovish”
“On the other hand, further depreciation of the EUR will give a boost to the Euro zone economy and will be reflected in much better macroeconomic figures, but this should lead to strengthening of the common currency.”
“The EUR hit a new 11-year low against the USD.”
“We are looking to get long again at 1.0990, just below the psychological level of 1.1000 that may be broken during today’s ECB Draghi’s press conference.”
“EUR/USD trading strategy: buy at 1.0990, if filled – target 1.1200, stop-loss 1.0890, risk factor *”