Jul 06 2015 at 09:46
On Friday session the EURUSD rose and closed in the green near the high of the day on a narrow range day, creating an inside day. The Greek drama “ended” Sunday night as the referendum “no” won by a large number and the currency opened with a Gap down of 118 pips, but like the previous one on the 28 of June, todays Gap should also be closed.
"I trade to make money not to be right."
Jul 06 2015 at 10:06
Classic buy the rumor sell the fact scenario.
Positivity
On Friday session EUR recorded a second consecutive day growth against USD after trading in a relatively narrow range. The euro rose slightly over 20 pips to a closing price of 1.1106. The daily limit values reached 1.1117 and 1.1065. For the last week the currency pair also made a progress, although much of it was erased on Tuesday and Wednesday. EUR / USD is trading on levels of uptrend line from mid-April, but sentiment remained negative. A break of 1.0955 will give an opportunity for a continuing decline.
Now we have Brussels says Greece's referendum is ''neither legally nor factually correct'' after Greek voted NO to reject lenders bail-out terms.
Jul 06 2015 at 13:20
ECB feels like a stoplost that thay move all the time.
Jul 06 2015 at 14:00
Stop loss hunting...
Greece has voted overwhelmingly against more austerity with 61 percent of votes backing the government's rejection of further spending cuts and tax increases.
Jul 06 2015 at 17:14
Although the Greeks voted 'No', EUR/USD formed only a 100-pip gap when the markets opened earlier today. And not only was the gap so small, but the pair already recovered it. That was very anti-climactic, to be honest. What follows next, I wonder.
Jul 06 2015 at 17:57
Aside from the gap which the market opened with today I dont see much of an impact on the EUR/USD at least not as much as feared.
EUR/USD Limited today in 100 pip it was shown in the 4H chart, but the economic calendar have high volatility expected news within the week.
Jul 06 2015 at 20:04
The EURUSD stays very volatile, no case going in until the Greek situation is resolved.
Jul 07 2015 at 09:36
Yesterday the EURUSD rose testing the 1.1097 level and as predicted closed the GAP opened on Sunday. We may expect a downward movement from the currency in the next two day, following the same cyclical pattern showed by the 29, 30 of June and 1st of July. The 1.0955 should be watch very closely because a breakdown of this level may throw the pair to the next Fibonacci level (61.8) at 1.0853.
"I trade to make money not to be right."
EUR started the week with a significant decrease caused by the Greek referendum by which markets opened at the level of 1.0975. After all the euro recovered positions within the day, reaching a closing price of 1.1055. Additional gains were limited at 1.1095. In the short term outlook remains negative and 1.0955 - the immediate goal. For turning the attitudes is needed a breakthrough of yesterday's high.
EUR/USD reversed back by the end of the day to the opening point and gain more than 50 pip in 15 mins after testing the 1.0955, seems that some hopes about the Greece in the market.
Jul 07 2015 at 20:47
EUR/USD bounced right up from support level 1.0900 and now we are back again to test 1.1000. And tomorrow we have the famous FOMC meeting minutes.
If Eur/Usd recover above 1.1000 level, next immediate resistance level probably would be seen at 1.1050 in case of any relief news from Greece.
Everyone knows what EUR did during the day. Why so much of boring commentaries. What do you guys try to accomplish....started thinking yourself analysts?
Jul 08 2015 at 07:48
On yesterday session the EURUSD fell but found enough buying pressure shy below the 1.0955 level to turn back up but still closed in the red in the middle of the daily range. The currency is trading between two Fibonacci levels the 38.2 (resistance) at 1.1058 and the 50% (support) at 1.0955, these are the levels that we should pay attention for today.
"I trade to make money not to be right."
The single currency registered a decrease against the dollar on Tuesday. The euro depreciated by almost 45 pips to a closing price of 1.1009. Before that the pair reached a one-month bottom level of 1.0916, while the peak was recorded at 1.1058. The chart continues to develop under the moving averages and relative strength index remains in negative territory, which implies bearish sentiment and a test of 1.0955.
