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2 Apr 2015
NFP forecasted to be much weaker, go long EUR/USD – Growth Aces
FXStreet (Barcelona) - The Growth Aces Research Team maintain their bullish view on EUR/USD targeting 1.1180 in anticipation of a much weaker non-farm payroll print tomorrow.
Key Quotes
“The EUR/USD fall was stopped near 1.0720 and we see a recovery on this pair today after yesterday’s weak U.S. macroeconomic figures. The EUR/USD broke above the 21-dma, which suggests that our previous buy order at 1.0650 has low chances to be filled.”
“We do not change our medium-term forecast pointing to a rise in the EUR/USD. In our opinion levels near 1.0800 are still good opportunity to get long as we expect the USD to weaken further, especially in case of much weaker non-farm payroll data tomorrow."
“We have got EUR/USD long at 1.0820 and set the target at 1.1180. We have got also EUR/CAD long at 1.3650 with the target of 1.3900.”
“Resistance: 1.0846 (high Mar 31), 1.0858 (10-dma), 1.0900 (high Mar 30)”
“Support: 1.0713 (low Mar 13), 1.0651 (low Mar 20), 1.0618 (low Mar 19)”
Key Quotes
“The EUR/USD fall was stopped near 1.0720 and we see a recovery on this pair today after yesterday’s weak U.S. macroeconomic figures. The EUR/USD broke above the 21-dma, which suggests that our previous buy order at 1.0650 has low chances to be filled.”
“We do not change our medium-term forecast pointing to a rise in the EUR/USD. In our opinion levels near 1.0800 are still good opportunity to get long as we expect the USD to weaken further, especially in case of much weaker non-farm payroll data tomorrow."
“We have got EUR/USD long at 1.0820 and set the target at 1.1180. We have got also EUR/CAD long at 1.3650 with the target of 1.3900.”
“Resistance: 1.0846 (high Mar 31), 1.0858 (10-dma), 1.0900 (high Mar 30)”
“Support: 1.0713 (low Mar 13), 1.0651 (low Mar 20), 1.0618 (low Mar 19)”