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23 Apr 2015
EUR/USD remains a buy-on-dips – AceTrader
FXStreet (Barcelona) - The AceTrader Team sees further upside potential for EUR/USD towards 1.0800 and suggest buying intraday dips for the pair as the 1.0660 is likely to hold the losses.
Key Quotes
“The single currency met renewed selling interest at 1.0729 ahead of Asian open n penetrated NY low (also y'day trough) at t 1.0708 to 1.0693 as concerns over Greece's debt payments continued to dampen demand for the euro.”
“Whilst intra-day weakness in Asia suggests selling the single currency on recovery is favoured, position traders can look to buy on next decline in anticipation of another rebound twd 1.0800 as Mon's low at 1.0660 is expected to hold ahead of a meeting of eurozone finance ministers on Fri.”
Key Quotes
“The single currency met renewed selling interest at 1.0729 ahead of Asian open n penetrated NY low (also y'day trough) at t 1.0708 to 1.0693 as concerns over Greece's debt payments continued to dampen demand for the euro.”
“Whilst intra-day weakness in Asia suggests selling the single currency on recovery is favoured, position traders can look to buy on next decline in anticipation of another rebound twd 1.0800 as Mon's low at 1.0660 is expected to hold ahead of a meeting of eurozone finance ministers on Fri.”