EUR/USD forecast for July 29, 2015

July 29, 2015

General overview

The main pair's dynamics is determined by three factors: the bond market sentiments, the commodity market trend and the pair EUR/GBP dynamics. There was the German 10-year bond yields growth on the debt market in relation to its US and UK competitors which supports some demand for the euro. The Federal Reserve interest rate decision may affect the pair dynamics which will be published on Wednesday evening.

The upward correction within the pair euro/dollar consolidated its positions, breaking through on its way resistance at the level of 1.1050.

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 strong buy signal. The price is above the Cloud and it is above the Chinkou Span. The Tenkan-sen shows a horizontal movement and the Kijun-sen shows an upward movement. The upward movement will be until the price is above the Cloud.

The MACD indicator is in a positive territory. The indicator is growing.

Trading recommendations

The growth targets are the levels of 1.1150, 1.1260

Publication source
Fort Financial Services information  Fort Financial Services reviews

September 27, 2016
Markets start last week of September on the back foot
It hasn't been a great start for global equities in this last week of September, with European indices dropping between 1.0 to 1.5 per cent during Monday’s morning session, mirroring a similar performance in Chinese and Japanese markets overnight...
September 23, 2016
Gold rises to critical level on lower-for-longer policy signals
The price of gold extended its rebound modestly on Thursday after the US Federal Reserve provided some key signals on Wednesday that, despite a considerable probability of one Fed rate hike by the end of this year...
September 22, 2016
Moving on from the Fed
The reaction seen in currency markets yesterday to respective central bank policy decisions was instructive of the change in dynamics that we’re seeing. The BoJ enacted a number of changes to its policy regime...

Larson&Holz IT Ltd Rating
FXTM Rating
FXCM Rating
HotForex Rating
Fort Financial Services Rating
FOREX.com Rating

Empire Option Rating
TopOption Rating
Grand Option Rating
IQ Option Rating
OptionFair Rating
365BinaryOption Rating