EUR/USD overview for June 29, 2015

29 June, 2015

General overview

We just highlight the money supply changes report among the published macroeconomic releases. The ECB QE is in full swing, we expect money supply aggregate M3 increase. Still not an inflation problem is on agenda but Greek with its default menace. The Greek debt situation has not been solved yet. Greece broke off negotiations with the creditors. There will be a referendum on the issue on July 5.

The downward trend stopped at the support level of 1.1150 and got into a three-day consolidation. The current price is trading at levels ranged 1.1260 - 1.1150

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.

There is a confirmed and a strong sell signal. The price is under the Cloud and it is under the Chinkou Span. The Tenkan-sen shows a downward movement and the Kijun-sen shows a horizontal movement. The downward movement will be until the price is under the Cloud.

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

Trading recommendations

The potential decrease targets are two levels of support: 1.1150, 1.1050.


Source link  
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...

Pound initially moved downwards

As for long-terms the target range seems to be 1.34 but due to the recent concerns and news around UK it looks as much more time...


Gold makes attempts to go straight

Within Thursday session the gold was slightly following downtrend until got the support at 1260 range. Currently Gold makes...

XAUUSD seems to be surrounded

Investors seem to expect the reports and news which could turn on the volatility and upside breakout...

British pound continued varying

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

  


Share: