Jun 30 2015 at 14:32
When the physical banks slamming doors rushing Greeks to electronic currency Bitcoin
The EURUSD continues conditioned by the theme Greece. The Government will not repay the 1600 mn to the IMF regarding the payments scheduled for June.
Jun 30 2015 at 19:03
EUR/USD failed to break above 1.1250, bounced off the resistance at that level, moving to the downside again. It's currently testing the support at 1.1140. Should it break below that support it will likely continue towards 1.1030.
EUR/USD found good support at the 1.1140 level to day but with the unsolved case for the Greece, the pair will not hold over it.
Jun 30 2015 at 19:59
EURUSD will range untill Sunday. But global trend is down.
Jun 30 2015 at 19:59
Interesting day - lots of volatility and the Eur/Usd moving down as reality starts to take hold at last...
And interesting comments by the Germans - cancel the referendum as a precursor to talks - so much for democracy
This shows how much fear the Eurozone cronies have of people power
Sean
And interesting comments by the Germans - cancel the referendum as a precursor to talks - so much for democracy
This shows how much fear the Eurozone cronies have of people power
Sean
market nobility
Jun 30 2015 at 20:01
So as expected no extension for Greece and some new proposals to be delivered by Greece and discussed tomorrow afternoon
So whether you call it a default or a delay it looks like it is happening
Sean
So whether you call it a default or a delay it looks like it is happening
Sean
market nobility
Hah, reading your comments Inari makes me think right away you must be British... such a one-sided negativity towards the EU (Germany?).
Anyway it was an interesting day. Greece missed the payment to the IMF, as expected, but they key will be it payment back to ECB and EFSF. From what I read today missing the ECB payment will automatically trigger a cross-default and Greece will be a goner for sure. Although unusual, there is a grace period of 60-90 days or so on the IMF loan and still negotiations are, apparently possible.
The key will be if indeed the euro will move down lower. It was expected that Greece will have to restructure (or default at worst) its debt sooner or later, so I think before it dips below 1.10 in the long term there could be nasty short squeeze.
Anyway it was an interesting day. Greece missed the payment to the IMF, as expected, but they key will be it payment back to ECB and EFSF. From what I read today missing the ECB payment will automatically trigger a cross-default and Greece will be a goner for sure. Although unusual, there is a grace period of 60-90 days or so on the IMF loan and still negotiations are, apparently possible.
The key will be if indeed the euro will move down lower. It was expected that Greece will have to restructure (or default at worst) its debt sooner or later, so I think before it dips below 1.10 in the long term there could be nasty short squeeze.
Jul 01 2015 at 09:00
On yesterday session EURUSD fell as expected on a narrow range day and closed near the low of the day, creating an inside day. The currency is trading within a daily resistance from 1.1237 down to 1.1097. A breakout below the 1.1097 might trigger a selloff down to the 1.0955 a Fibonacci retracement (50.0).
"I trade to make money not to be right."
EUR recorded a decrease against the dollar on Tuesday. The session started at a price of 1.1234, then went down and reached the lowest level for the day at 1.1118. At the end of the day the pair finished at a price of 1.1142 and if the euro continued to move down the target will be the first support located at 1.0953.
The EUR continued its volatile price action after several reports have said that the Greek Prime Minister has accepted the terms offered last Friday to Greece. However, this was rejected by then still be important changes to be made. A compromise is still possible, but it is questionable whether the creditors are willing to negotiate or decided to end the talks, coming after the referendum.
Jul 01 2015 at 18:54
EUR/USD remains under the resistance 1.1155 and as long as the level stands price will continue to drop I am targeting 1.1030 the next support level.
Jul 01 2015 at 18:57
EUR/USD is currently testing the support at 1.1050 and should it break below that level it will likely continue towards 1.1000. That said, between the US Non-farm payrolls tomorrow and the Greek referendum on Sunday the future appears more and more uncertain.
EUR/USD fell today as i expected due to the strong dollar and the 1.1050 support level has attacked by the end of the day. 1.1030 the next level as i see .
With Greece crisis and strong dollar ahead of NFP , the pair continues trading south. Support level can be found at 1.1020 and follow by 1.1000.
Jul 02 2015 at 00:57
The Euro weakens on Greece and it may drop further on the NFP numbers.
Jul 02 2015 at 06:30
Let's say like this, EUR/USD is watching the traders and is ready to hit
this month euro still unstable. next week maybe we will see trend
Jul 02 2015 at 08:33
Yesterday EURUSD fell breaking below the 1.1097 the lower band of a daily resistance and closed near the low of the day. Today we might see a retest of the 1.1097 level before another push downward with the target at the 1.0955 a Fibonacci retracement (50.0).
"I trade to make money not to be right."
EUR recorded second consequential reduction on Wednesday. The session started at a price of 1.1143 and around noon the pair reached the highest level for the day at 1.1165. Later the price went down at the end of the day the single currency finished at a price of 1.1052. If the downward trend continues, we can expect an attempt to break into the first support at 1.0953.
