EUR/USD overview for July 27, 2015

27 July, 2015

General overview

Markit Economics has presented the France and the Germany manufacturing sectors business climate data. The France industrial sector business climate will amount 49.6 in July, the Germany industrial sector business climate will amount 51.5.

There is the production orders growth in both economies amid the euro devaluation which increases the products competiveness abroad.

The euro is still correcting relative to the US dollar, breaking through the resistance level of 1.0925 upwards. The pair is consolidating above this level.

The price is finding the first support at 1.0925, the next one is 1.0790. The price is finding the first resistance at 1.1050, the next one is at 1.1150.

The price is in the Cloud and it is under the Chinkou Span. The Tenkan-sen and the Kijun-sen show a horizontal movement and form a “Golden Cross”.

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

Trading recommendations

We believe the growth will be continued now. The first target is the level 1.1050. The next targets are the levels of 1.1150, 1.1260.


Source link  
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...


Gold maintained its bid tone

Buyers defended the 1230 level on Friday. Fresh bids around the level coupled with broad base...

Gold failed to sustain recovery

The pair pulled back in the Asian night and reached 1260 in the mid-Asian session. The level limited sellers' advance..

Gold remained well offered

The XAUUSD pair came under intense selling pressure on Thursday. The spot pushed away...


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...

  


Share: