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17 Apr 2015
EUR/USD looking to get higher again – CharmerCharts
FXStreet (Barcelona) - Carol Harmer of CharmerCharts, sees further upside potential for EUR/USD, expecting buyers to regain control on a break above 1.0820.
Key Quotes
“Euros are looking strong at the moment, and technical indicators are confirming that we should trade higher...we have resistance at 10820 and 10844 initially...but as long as we can hold the 10700 support we should be fine buying into weakness.”
“We hit 10818 yesterday, thus a break of 10820 this morning would encourage buyers back into the market and we would still be looking at the 110/11035 resistance to entice us higher...even the weekly charts are looking quite positive now...so it is a case of buying into any short term weakness seen today.”
“Only a loss of 10670 would make us want to reverse any long positions in the short term, but even if we do break below here there is ample support at lower levels to keep us looking buoyant going into next week.”
Key Quotes
“Euros are looking strong at the moment, and technical indicators are confirming that we should trade higher...we have resistance at 10820 and 10844 initially...but as long as we can hold the 10700 support we should be fine buying into weakness.”
“We hit 10818 yesterday, thus a break of 10820 this morning would encourage buyers back into the market and we would still be looking at the 110/11035 resistance to entice us higher...even the weekly charts are looking quite positive now...so it is a case of buying into any short term weakness seen today.”
“Only a loss of 10670 would make us want to reverse any long positions in the short term, but even if we do break below here there is ample support at lower levels to keep us looking buoyant going into next week.”