EUR/USD overview for July 13, 2015

13 July, 2015

General overview

There was published the Germany trade balance release that is very encouraging. The net exports are growing quite confident and there is marked their increase in the second quarter. As the trade balance has an important multiplier effect - we expect positive trends on the euro zone labor market.

Buyers tried to break through above the resistance of 1.1150. The buyer failed to break this level and the price returned below it.

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 non-confirmed and a wael buy signal. The price is above the Cloud and it is above the Chinkou Span. The Tenkan-sen and the Kijun-sen show a horizontal movement and form a “Golden Cross”. The upward movement will be until the price is above the Cloud.

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

Trading recommendations

We suppose the pair will go to 1.1150 first. Having overcome the first target the price might go upwards to 1.1260.


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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...

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...

  


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