EUR/USD
Miembro desde Apr 08, 2014
posts 1141
Jun 30, 2015 at 07:51
Yesterday the EURUSD initially fell but found enough buying pressure at 1.0955 a Fibonacci retracement (50.0) to sky rocket and closed well in the green near the high of the day. The currency managed to close de downward Gap of 216 pips made on Sunday. Today we may expect a narrow range day after yesterday move of 246 pips. Key levels to watch 1.1237 the upper band of a daily resistance, the 1.1097 the lower band of a daily resistance.
"I trade to make money not to be right."
Miembro desde Jun 08, 2014
posts 454
Jun 30, 2015 at 09:22
EUR/USD is continuing to consolidate. support level @ 1.1130 and resistance @ 1.1200 I am not opening a position till I see a break.
Miembro desde Oct 27, 2014
posts 53
Jun 30, 2015 at 14:32
When the physical banks slamming doors rushing Greeks to electronic currency Bitcoin
Miembro desde Jul 10, 2014
posts 1117
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.
forex_trader_229154
Miembro desde Jan 29, 2015
posts 87
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 22:41
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.
Miembro desde Apr 08, 2014
posts 1141
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."
Jul 01, 2015 at 09:38
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.
Jul 01, 2015 at 15:49
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.
Miembro desde Jun 08, 2014
posts 454
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.
Miembro desde Jul 10, 2014
posts 1117
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.
Miembro desde Oct 11, 2013
posts 775
Jul 02, 2015 at 00:57
The Euro weakens on Greece and it may drop further on the NFP numbers.
forex_trader_186239
Miembro desde Apr 15, 2014
posts 224
Jul 02, 2015 at 06:30
Let's say like this, EUR/USD is watching the traders and is ready to hit
