EUR/USD overview for July 03, 2015

3 July, 2015

General overview

Every day we get a lot of conflicting information about the situation with the "Greek debt." Every day the market is got excited by various rumors, still Greece held a popular referendum on July 5 and parties again sit down at the negotiating table on 6 July. Until that time, we should not pay attention to the publication.

Besides the Greek debt issue another worth mentioning this week event was the June USA NFP. The NFP showed 223K, with previous 250K. The unemployment fell from 5.5% to 5.3. The Initial Jobless Claims is 281000 versus previous 271000. This Friday the US markets are closed amid the Independence Day.

The euro has been down against the US dollar after a sharp pulse up to 300 points àor three days. The price decrease occurs at low volumes and is aimed to break the level of 1.1050. But the price rebounded upwards.

The price is finding the first support at 1.1050, the next one is 1.0925. The price is finding the first resistance at 1.1150, the next one is at 1.1260.

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 and the Kijun-sen show a horizontal movement and form a “Dead Cross”. The downward movement will be until the price is under the Cloud.

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

Trading recommendations

We suppose the pair will go to 1.1150 first. Further on we expect the fall towards 1.1050 and 1.0925.


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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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