EUR/USD

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).

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.

1.0000 looks as very attractive point so far

I think EUR/USD will likely continue consolidating for now because everyone is waiting for the Greek referendum on Sunday, but I too think a drop to the support at 1.1000 is still possible.

still the resistance level 1.1120 stands until there is no break expect more drop on the EUR/USD but the volume on the pair is low.

EUR/USD bounced a bit over the 1.1030 but i see that still a chance to see 1.1000 soon.

The euro was unable to hold above the key level of 1.1100 even with weak NFP. The outcome from Greek referendum on Sunday remains uncertain, it can go either way. Monday will be crucial.

On yesterday session the EURUSD made the retest of the 1.1097 level on a narrow range day although the nonfarm payrolls come out worse than expected. Today will be a light trading day due the US observed Independence Day (Bank holiday). A word of caution, the Greek referendum on Sunday can cause another Gap.

EUR recorded a slight rise against the USD on Thursday after two consecutive negative sessions before. The pair opened at a rate of 1.1052, and the price went down slightly, reaching a daily bottom at 1.1031. Later direction started to climb and at the end of the day the euro closed at a rate of 1.1083. If the price went up, the pair will move to the first resistance at 1.1270.

Parity... soon...

EUR/USD has fallen asleep completely, but considering the events on Sunday this is like the calm before the storm.

Peaceful Friday for the EUR/USD but the violent coming next week by the Greece.

Now all eyes will be on Greece market impact next week.

victoriajensen posted:
EUR/USD has fallen asleep completely, but considering the events on Sunday this is like the calm before the storm.

Agree Victoria - all we are seeing to day is a bit of Yen strength - next week will bring a change though :)

Sean

The way to cope with the future is to create it

The EUR traded slightly higher after a moderate improvement in PMI's late June in the service sector France and Italy, while Germany's rate of decline.

The close of the markets in Europe and the United States today unveiled caution and that all eyes are now focused on the outcome of the referendum in Greece on Sunday.

Be aware of the spikes on opening ! The market will be thin and will be stop loss hunting

Big gap down to 1.10 at open it looks like we shall see.