EUR/USD
Jun 15, 2015 at 18:51
EUR/USD attempted to rise last week, topped at 1.1386 but closed lower at 1.1253. Trading signals remain neutral for now. On hourly chart this morning we had a double top formation, which suggests potential bearish scenario especially if price could make a clear break below 1.1180 to test 1.1100 - 1.1050. From a long term perspective and more likely scenario is bearish zone and 1.1380 - 1.1465 as a good place for sales with tight stop loss above 1.1465.
Member Since Jun 08, 2014
454 posts
Jun 15, 2015 at 18:52
EUR/USD keep bouncing back to the opening price.
Member Since Jul 10, 2014
1117 posts
Jun 15, 2015 at 19:19
Today EUR/USD bounced off the support at 1.1190 and is likely headed for 1.1400 to test the resistance again.
Member Since Apr 08, 2014
1141 posts
Jun 16, 2015 at 08:29
Yesterday the EURUSD initially fell after fears of a potential Greece failure to reach a deal with its creditors in time, but the currency hold its ground at 1.1185 Fibonacci retracement and reversed closing in the green near the high of the day. The pair is still in a choppy consolidation due to fundamental uncertainties but may test again the 1.1391.
"I trade to make money not to be right."
forex_trader_186239
Member Since Apr 15, 2014
224 posts
Jun 16, 2015 at 14:07
I belive eur/usd is not really trending las time
Member Since Jul 10, 2014
1117 posts
Jun 16, 2015 at 14:38
EUR/USD consolidation continues for yet another day and it's unlikely that will end before the FOMC rate decision tomorrow.
Member Since Oct 11, 2013
775 posts
Jun 16, 2015 at 19:46
The EURUSD stays below the 1.1300 level, but it has not been able to break below the 1.1200.
Jun 16, 2015 at 20:18
ZEW is a monthly economic survey. The ZEW Economic Sentiment is an almalgamation of the sentiments of approximately 350 economists and analysts regarding the economic future of Germany for the next six months. The survey shows the balance between those analysts who are optimistic about Germany's economic future and those who are not.
The report on the German ZEW for June came out lower (31.5) than expected (37.1) and also lower than is the previous value (41.9).
The report on the German ZEW for June came out lower (31.5) than expected (37.1) and also lower than is the previous value (41.9).
Member Since Jun 08, 2014
454 posts
Jun 16, 2015 at 20:30
EUR/USD today tested the the resistance level 1.1330 and the support 1.1200 and still there was no break price keep swinging between support and resistance. The RSI is badly directed and as long as the price is under 1.1330 the way is open for more drop.
Member Since Apr 08, 2014
1141 posts
Jun 17, 2015 at 09:21
On yesterday session the EURUSD tried to rally but was short lived as selling pressure started to increase at 1.1329 forcing prices back down and closed in the red at the middle of the daily range. The currency is in a tight choppy consolidation waiting for the Greek deal resolution one way or another.
"I trade to make money not to be right."
Member Since Oct 02, 2014
909 posts
Jun 17, 2015 at 13:07
Price is consolidating, expect a break out soon.
Positivity
Member Since Jul 10, 2014
1117 posts
Jun 17, 2015 at 15:46
EUR/USD tested the support at 1.1220 again but bounced off of it. I doubt it will be able to break below that level before the FOMC announcement.
