EUR/USD overview for June 17, 2015

17 June, 2015

General overview

The debt market dynamics shows the lack of the euro demand. The Greece and Germany negative bond yields significant increase amid the lack of compromise between Athens and creditors increases the risks for the euro. On the other hand, the "black gold" decrease has a positive impact on the US dollar. These two factors are negative for the European currency. However, the US dollar will not be always in demand.

The pair euro/dollar has been correcting for the third consecutive week. Two previous levels of 1.1260 breakthrough were followed by the short-term prices rebounds downwards.

The price is finding the first support at 1.1150, the next one is 1.1050. The price is finding the first resistance at 1.1260, the next one is at 1.1450.

The price is in the Cloud and it is above the Chinkou Span. The Tenkan-sen shows a horizontal movement and the Kijun-sen shows an upward movement and from a “Golden Cross”.

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

Trading recommendations

The approach to the level of 1.1260 may lead to a price rebound down. The potential rebound target is the support level of 1.1150.


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British pound continued varying

Resistance saves at 1.1300, support comes in at 1.1260. Bulls won't have that much unless...

Yellow metal returned to a growth

Buyers failed to reclaim 1260 and stepped back in the night. The price slightly eased and corrected to 1253...

Undertone for Gold was clearly positive

The undertone for Gold was clearly positive on Thursday. The spot was growing the first part...


Gold maintained its bid tone

Buyers defended the 1230 level on Friday. Fresh bids around the level coupled with broad base...

Gold failed to sustain recovery

The pair pulled back in the Asian night and reached 1260 in the mid-Asian session. The level limited sellers' advance..

Gold remained well offered

The XAUUSD pair came under intense selling pressure on Thursday. The spot pushed away...


Brent oil prices maintained their negative bias

Sellers broke 55.50 and remained within the level in the night...

Brent oil prices remained in an upward channel

However, the benchmark softened to its lower band...

Brent oil prices gapped higher

A strong energy demand in the Asian region supported oil prices despite a rebound in Libyan oil production which still weigh...

  


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