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18 Mar 2015
EUR/USD remains a buy on dips above 1.0540/31 – CharmerCharts
FXStreet (Barcelona) - Carol Harmer of CharmerCharts, views that 1.0540/31 area offers a good opportunity for longs, with medium term indicators having turned bullish for the pair.
Key Quotes
“We still have a very small Double base on the 60 min charts, this is leading us higher and already we have seen 10651 yesterday....As long as we can stay trading above 10540/31 we can still trade higher.”
“1.0665 to 1.0689 remains our target....we want to cover all longs prior this resistance...Look to re-instate further longs if we can trade above 1.0690....A break above here keeps the pressure to the topside and leaves the way clear for 1.0725/30.”
“The med term charts have now turned bullish from the stochastics....so for the time being we would want to buy into any weakness evident.”
“1.0540/41 offers a good place to go long as long as we keep the stops tight....below 1.0515 and we are out of longs looking for the market to come lower for 1.0465/62 once more”
Key Quotes
“We still have a very small Double base on the 60 min charts, this is leading us higher and already we have seen 10651 yesterday....As long as we can stay trading above 10540/31 we can still trade higher.”
“1.0665 to 1.0689 remains our target....we want to cover all longs prior this resistance...Look to re-instate further longs if we can trade above 1.0690....A break above here keeps the pressure to the topside and leaves the way clear for 1.0725/30.”
“The med term charts have now turned bullish from the stochastics....so for the time being we would want to buy into any weakness evident.”
“1.0540/41 offers a good place to go long as long as we keep the stops tight....below 1.0515 and we are out of longs looking for the market to come lower for 1.0465/62 once more”