EUR/USD overview for June 15, 2015

15 June, 2015

General overview

We should pay attention is drawn to the April euro area industrial production report. The Old World leading economies manufacturing sector indicators showed mixed trends: Germany and Spain have reported about an increase while France reported about a decrease by 0.9%. The Markit Economics PMI is showing a moderately positive trend. The April PMI increased by 0.1% m/m and 0.8% y/y. The forecast was 0.4% m/m è 1.1% y/y.

After buyers failed to break through above the resistance level of 1.1260 (there was false breakthrough), the price declined downwards to the resistance level of 1.1150 where there is the sloping resistance line of 1.1260 breakthrough.

The price is finding the first support at 1.1260, the next one is 1.1150. The price is finding the first resistance at 1.1450, the next one is at 1.1675.

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 shows a downward movement and the Kijun-sen shows an upward movement and from a “Dead Cross”. The upward movement will be until the price is above the Cloud.

The MACD indicator is in a neutral territory. The price is growing.

Trading recommendations

The pair can grow to the resistance level of 1.1450. After breaking 1.1450 the buyers may go to 1.1675.


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Gold price sharply dropped

Buyers continued to struggle with 1290. However, all their attempts faced sellers' resistance around the hurdle. The level rejected the price...

Sellers continued to dominate

The euro bounced from 1.1750 and weakened to 1.1700 during the night and morning trades. The resistance resides at 1.1750, the support comes in at 1.1700...

Gold prices extended their recovery

XAU/USD pushed away from 1260 and rallied towards 1270 dollars per ounce. The resistance exists at 1270, the support stands at 1260 dollars per ounce...


Gold prices turned around

Gold prices turned around when the spot reached 1265. Sellers drove the price to 1255 where they lost momentum. The precious metal returned to 1265...

Gold bounced off 1210 and rallied to 1220

The spot remained in a downward channel and just approached its upper boundary. The level rejected the price in the late European session...

Gold prices continued to consolidate

The weakness in the stock markets has helped to keep the prices buoyed but as the markets recover, we should see the gold prices come under pressure...


XAUUSD going downwards

Taking that into consideration looks as the market demonstrates its intention of sell-off start soon. Resistance is hold at 1250...

XAUUSD was moving aside

In order the long-terms traders are come back here the price might easily reach...

Pound continues to reach its heights

On Monday the British pound was going lower at opening...

  


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