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7 Jan 2015
EUR remains an excellent buy – Kshitij Consultancy
FXStreet (Barcelona) - The Kshitij Consultancy Team anticipates EUR to bounce towards 1.23-1.24 levels if it closes above 1.18 levels, with risk-reward ratio indicating that EUR remains an excellent buy.
Key Quotes
“The Euro has dropped lower again, while it make no intuitive sense to buy Euro, the risk-reward and technically, Euro remains an excellent buy. We could use a close below 1.18, 68 pips from here, as the stop loss. A medium term technical bounce give us levels of 1.23-1.24, Of course, the bullish outlook is void if it breaks and closes below the 1.18 levels.”
Key Quotes
“The Euro has dropped lower again, while it make no intuitive sense to buy Euro, the risk-reward and technically, Euro remains an excellent buy. We could use a close below 1.18, 68 pips from here, as the stop loss. A medium term technical bounce give us levels of 1.23-1.24, Of course, the bullish outlook is void if it breaks and closes below the 1.18 levels.”