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24 Feb 2015
EUR/USD: Long ahead Of Greece and Yellen – GrowthAces
FXStreet (Barcelona) - The Growth Aces Research Team maintains a long position for EUR/USD into Greece’s extension agreement and Yellen’s testimony, targeting 1.1550.
Key Quotes
“The volatility on the EUR/USD may be high today. First, investors’ eyes will be focused on a European finance ministers' teleconference.”
“In our opinion the EUR/USD may get a boost if Greece satisfies the EU with the list of promised reforms in order to secure the fourth-month extension.”
“Investors' attention will shift to Fed Chair Yellen testifying before Congress (15:00 GMT). Markets will be listening closely for whether Yellen takes a dovish tone in her testimony after dovish-sounding minutes from the Fed's January meeting released last week.”
“Resistance: 1.1359 (21-dma), 1.1368 (10-dma), 1.1430 (high Feb 20)”
“Support: 1.1278 (low Feb 20), 1.1270 (low Feb 9), 1.1262 (low Jan 29)”
“EUR/USD trading strategy: long at 1.1325, target 1.1550, stop-loss 1.1250”
Key Quotes
“The volatility on the EUR/USD may be high today. First, investors’ eyes will be focused on a European finance ministers' teleconference.”
“In our opinion the EUR/USD may get a boost if Greece satisfies the EU with the list of promised reforms in order to secure the fourth-month extension.”
“Investors' attention will shift to Fed Chair Yellen testifying before Congress (15:00 GMT). Markets will be listening closely for whether Yellen takes a dovish tone in her testimony after dovish-sounding minutes from the Fed's January meeting released last week.”
“Resistance: 1.1359 (21-dma), 1.1368 (10-dma), 1.1430 (high Feb 20)”
“Support: 1.1278 (low Feb 20), 1.1270 (low Feb 9), 1.1262 (low Jan 29)”
“EUR/USD trading strategy: long at 1.1325, target 1.1550, stop-loss 1.1250”