EUR/USD overview for June 17, 2015

June 17, 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.

Publication source
Fort Financial Services information  Fort Financial Services reviews

October 21, 2016
Gold prices drop in Asia amid stronger greenback
On Friday, gold dropped during Asia trade amid a strengthening greenback as well as surging chances of a rate hike weighing on the hedge commodity...
October 21, 2016
ECB holds the rate unchanged with the pressure on Draghi
After a brief upturn seen in the late Asian trading, the currency retreats to the Wednesday close showing a tepid response to the ECB policy update. The New York FED leader William Dudley comments offered a support to the Dollar rally although the focus remained on the US inflation...
October 21, 2016
EURGBP Tests Major Support
This morning we saw the release of German PPI YoY and MoM figures for September. The former fell to -1.4%, compared to expectations of -1.2%. The latter was -0.2%, in line with expectations...

FXCM Rating
Tickmill Rating
FIBO Group Rating
FXTM Rating
FBS Rating
OANDA Rating

Empire Option Rating
Banc De Binary Rating
TopOption Rating
TropicalTrade Rating
Grand Option Rating
Beeoptions Rating