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14 May 2015
Dollar dumped, bullish on EUR and GBP – Littlefish FX
FXStreet (Barcelona) - Analysts at Littlefish FX, give the outlook for Forex majors, maintaining a bullish outlook on EUR/USD and GBP/USD as dollar softness continues after the disappointing US retail sales data.
Key Quotes
“EUR: Bulls now target descending trendline resistance at 1.1550”
“GBP: Bulls target 1.58 and the equality target at the the psych 1.60 level”
“JPY: Failure at near term 119.50 support suggests another retreat back to range lows.”
“CAD: Bears target 118 next”
“AUD: Former resistance at .8050 to act as support for next leg higher targeting .8250 offers”
Key Quotes
“EUR: Bulls now target descending trendline resistance at 1.1550”
“GBP: Bulls target 1.58 and the equality target at the the psych 1.60 level”
“JPY: Failure at near term 119.50 support suggests another retreat back to range lows.”
“CAD: Bears target 118 next”
“AUD: Former resistance at .8050 to act as support for next leg higher targeting .8250 offers”