EUR/USD overview for June 15, 2015

June 15, 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.

Publication source
Fort Financial Services information  Fort Financial Services reviews

December 2, 2016
It's not the jobs numbers
It’s not bee the economy that has been driving the dollar over the past 3 weeks, of that we can be pretty sure. Rather, it’s been expectations of tax cuts and spending increases, together with incentives for dollar repatriation under the new President...
December 2, 2016
OPEC alliance stuck a global agreement
The Oil prices jumped on Wednesday after the organisation members agreed to pare production first time since 2008, to reduce global oversupply, which made the prices collapse by half since mid-2014...
December 2, 2016
Rebound continues in UK construction
The latest data on the UK construction sector was released this morning, and will likely be seen as positive overall as the recovery from the Brexit shock appears to be persisting. Despite this the FTSE 100 is under pressure this morning...

Grand Capital Rating
Tickmill Rating
XTB Rating
FxPro Rating
OANDA Rating
FXCM Rating

TopOption Rating
IQ Option Rating
OptionFair Rating
Grand Option Rating
Binary Brokerz Rating
Anyoption Rating