EUR/USD overview for August 05, 2015

August 5, 2015

General overview

The euro fell amid the dollar growth in anticipation of the Friday US government employment publication. Investors expect the data to be strong and it may lead to move the forecasts, relating the interest rates growth by the Federal Reserve at an earlier date. However the pair slightly grew on Tuesday’s trades.

The trade within the pair euro/dollar looks lowly volatile. The price reduction is on the lower volumes and reached the strong support level of 1.0925. Then the pair rebounded upwards.

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.

There is a confirmed and a weak sell signal. The price is under the Cloud and it is above the Chinkou Span. The Tenkan-sen and the Kijun-sen show a horizontal movement and form a “Dead Cross”. The upward movement will be until the price is under the Cloud.

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

Trading recommendations

The potential decrease targets are two levels of support: 1.0925 and 1.0790.

Publication source
Fort Financial Services information  Fort Financial Services reviews

January 19, 2017
U.S. reports revealed a hefty 0.8% December industrial production
Asian stock markets traded mixed, with Japan and ASX moving higher, as Fed’s Yellen said she expects to hike rates few times a year through 2019 to 3% neutral rate...
January 19, 2017
Yellen repeats Fed is close to meeting targets, USD up
The speech by the US central bank governor Janet Yellen did not offer any new insights on the attitude of FOMC, nor did it cause large shifts in the pricing of future rate hikes (even if now 3 rate hikes in 2017 look again more probable than only one, with 2 remaining the most expected outcome)...
January 19, 2017
Trump vs Yellen & Draghi vs Weidmann
The U.S. dollar has been on a roller-coaster this week. After dropping by more than 1% on Tuesday the dollar index recovered 0.9% from its lows...

XTB Rating
Z.com Trade Rating
FOREX.com Rating
Grand Capital Rating
FXCM Rating
OctaFX Rating

Banc De Binary Rating
Binary Brokerz Rating
EZTrader Rating
IQ Option Rating
Beeoptions Rating
TropicalTrade Rating