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5 May 2015
EUR/USD eyeing 1.1035/30? – CharmerCharts
FXStreet (Barcelona) - Carol Harmer of CharmerCharts, gives the technical outlook and key levels for EUR/USD.
Key Quotes
“We have the daily pivot at 11208 and whilst we are below here there is scope for the market to pullback even further.”
“Below 11109 is your fist clue that the market un in trouble and that it will fall..we would be looking at 11035/30 then as a targeted area....Cover all shorts to here..We want to re-instate further shorts below 10993...A loss of this support keep the pressure to the downside.”
“Now if we can hold 11093 and try for the daily pivot at 11208 and break it will be seen as a sign of strength and 11245/50 would be the next objective.”
Key Quotes
“We have the daily pivot at 11208 and whilst we are below here there is scope for the market to pullback even further.”
“Below 11109 is your fist clue that the market un in trouble and that it will fall..we would be looking at 11035/30 then as a targeted area....Cover all shorts to here..We want to re-instate further shorts below 10993...A loss of this support keep the pressure to the downside.”
“Now if we can hold 11093 and try for the daily pivot at 11208 and break it will be seen as a sign of strength and 11245/50 would be the next objective.”