EUR/USD overview for June 08, 2015

June 8, 2015

General overview

The US May labor market report was last week main even that shall set this week movement direction. The non-farm payrolls came out better than the forecasted medians. The leading indicators point out to the Non-Farm at 228K.

The euro strong growth against the US dollar was stopped at the resistance level of 1.1375. The short-term level testing was followed by the active price rebound downwards on the increased volume.

The price is finding the first support at 1.1050, the next one is 1.0925. The price is finding the first resistance at 1.1150, the next one is at 1.1260.

There is a confirmed and a strong buy signal. The price is above the Cloud and it is above the Chinkou Span. The Tenkan-sen and the Kijun-sen show a horizontal movement. The upward movement will be until the price is above the Cloud.

The MACD indicator is in a positive territory. The price is declining.

Trading recommendations

We expect the return below the cloud, the first target might be the level of 1.0925. Otherwise the growth will be continued to 1.1260.

Publication source
Fort Financial Services information  Fort Financial Services reviews

January 20, 2017
Advance in inflation across the Eurozone
Euro holds gains against the US Dollar ahead of the ECB rate decision, as majority of economists expect no major updates in the policy, while investors will be taking stock of Draghi rhetoric’s to foresee the timeframe of the next big move by the policymakers...
January 20, 2017
US oil inventory draw gave a temporally support for oil prices
Oil prices remained in red figures after Wednesday's bearish acceleration. Brent a little changed on the day and remained prone to more weakness on Thursday. The benchmark stayed neutral around 54.50 dollars per barrel flirting with the level during the European session...
January 20, 2017
Pound gives up gains
The British pound has pulled back sharply today after making its biggest 1day gain in nearly 20 years’ yesterday, as fears once again crept in about where Brexit will lead to...

FxPro Rating
Tickmill Rating
OANDA Rating
Vantage FX Rating
Larson&Holz IT Ltd Rating
EXNESS Rating

OptionRally Rating
OptionFair Rating
Dragon Options Rating
Porter Finance Rating
EZTrader Rating
Binary.com Rating