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27 Mar 2015
EUR/USD has room to the upside to go - TDS
FXStreet (Guatemala) - Analysts at TD Securities gave a technical overview of EUR/USD.
Key Quotes:
"The bigger picture supports the impression of the EURUSD trend decline pausing at least after last week’s real body held inside the prior week’s."
"Another push higher through (and preferably holding above) last week’s 1.1041 high on a weekly close basis might be enough to give the EUR a little more topside momentum (similar to the story on the daily chart) and test the initial retracement resistance point from the 1.40/1.05 decline at 1.1296."
"The early February high at 1.1530 should provide fairly stiff resistance to EUR gains beyond there and ahead of the 38.2% Fib level at 1.1811."
Key Quotes:
"The bigger picture supports the impression of the EURUSD trend decline pausing at least after last week’s real body held inside the prior week’s."
"Another push higher through (and preferably holding above) last week’s 1.1041 high on a weekly close basis might be enough to give the EUR a little more topside momentum (similar to the story on the daily chart) and test the initial retracement resistance point from the 1.40/1.05 decline at 1.1296."
"The early February high at 1.1530 should provide fairly stiff resistance to EUR gains beyond there and ahead of the 38.2% Fib level at 1.1811."