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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Brent oil prices maintained their negative bias

Sellers broke 55.50 and remained within the level in the night...

Brent oil prices remained in an upward channel

However, the benchmark softened to its lower band...

Brent oil prices gapped higher

A strong energy demand in the Asian region supported oil prices despite a rebound in Libyan oil production which still weigh...


Gold prices weakened

The undertone for Gold was clearly positive. However, buyers failed to retake 1260 on Monday. The level rejected the price downwards...

Gold prices retreated from three week high

Buyers attempt to reclaim 1250 dollars per ounce on Wednesday failed. The price just touched the level and immediately...

Gold prices remained in green

Gold prices were neutral staying in a flat on Friday. After the recent rally buyers preferred to consolidate their gains. The 4 hours chart showed that the price was trading around the 100 and 200 EMAs...


Gold received a minor support

The night recovery stalled around 1205 dollars per ounce. After reaching the mentioned mark gold futures...

Gold prices were neutral on Tuesday

Gold prices were neutral on Tuesday flirting with the 1200 handle in the early trades. The yellow metal was moving back and forth in a tight range between 1205 and 1200 the first part of the day. A fresh buying interest emerged in the late European session. The spot pushed away from 1200...

Oil prices dropped on Thursday

Brent pulled back a bit during the Asian hours and reversed a minor portion of its Wednesday's losses. Buyers were able to return the price to the 53.50 region where the benchmark ran through fresh offers...

  


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