EUR/USD overview for July 06, 2015

July 6, 2015

General overview

The US labor market release as a whole can be considered positive. The unemployment rate fell to the level of 5.3%, the lowest level since May 2008. In the private sector created more than 200 thousand. new jobs during the second quarter, indicating a strong economic growth.

The May retail sales index in the euro zone increased by 0.2%. The forecasted growth was 0.1%.

The most important euro/dollar event is new negotiations between Athens and the creditors are held on July 6, immediately after the national referendum.

The support level of 1.1050 stopped the euro decrease in the short term.

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 weak sell signal. The price is under the Cloud and it is under the Chinkou Span. The Tenkan-sen and the Kijun-sen show an upward 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 consolidating.

Trading recommendations

The downward movement will be continued. The pair may go to 1.1050 soon. After this level breakthrough down the way to the supports 1.0925, 1.0790 will be opened.

Publication source
Fort Financial Services information  Fort Financial Services reviews

January 18, 2017
Trump kicks the Dollar down
Trump hinted in his interview to the Financial Times that the US Dollar went for a far too extensive rally and the enthusiasm surrounding the bulls needs to be cooled...
January 18, 2017
Fed speakers, BoC and UK employment
We are going to see some central bank action (Canada) and hear from some Fed members and the chairwoman today. Apart from that we will get more information on the UK labor market and a data package from the US, including CPI for December and industrial output...
January 18, 2017
Aussie dollar cracks major levels
The Australian dollar swung heavily today as US bulls finally looked to sell off in the wake of economic uncertainty around the United Kingdom...

Fort Financial Services Rating
FXCM Rating
XM Rating
OctaFX Rating
Vantage FX Rating
Tickmill Rating

IQ Option Rating
OptionRally Rating
Grand Option Rating
TopOption Rating
EZTrader Rating
Anyoption Rating