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23 Jan 2015
EUR/USD: Looking to sell on rallies - 2ndSkies
FXStreet (Bali) - Chris Capre, Founder at 2ndSkies Forex, is looking to sell EUR/USD on rallies into resistance towards 1.1460 ahead of 1.1545.
Key Quotes
I'm looking to sell on rallies into resistance, with the first pullback level being the prior support at 1.1460. 1.1545 may also hold, but I don't see the Euro getting much past this.
Downside targets are now 1.1250 and 1.10. To be honest, I'm expecting the Euro to minimally hit 1.07 by Q2 and potentially parity by the end of the year.
Key Quotes
I'm looking to sell on rallies into resistance, with the first pullback level being the prior support at 1.1460. 1.1545 may also hold, but I don't see the Euro getting much past this.
Downside targets are now 1.1250 and 1.10. To be honest, I'm expecting the Euro to minimally hit 1.07 by Q2 and potentially parity by the end of the year.