EUR/USD

The EUR/USD range continues but there is a doji candlestick in the daily filter chart, so I think we might see the pair drop to target 1.1250. That said, I doubt the bearish trend will continue without a correction and a significant move to the upside.

The EUR / USD rebounded slightly yesterday after the FOMC decisions.
The Committee intends to keep interest rates near zero for longer.
Market expectations were of an anticipated increase due to improvement in the labor market.
The pair continues to trade laterally, with a neutral short-term trend.
R3 - 1.15120
R2 - 1.14637
R1 - 1.14300
Daily Std. Pivot - 1.13817
S1 - 1.13480
S2 - 1.12997
S3 - 1.12660

The eur/usd fell from 1.1450 to 1.1356 today, seems it's move to the 1.1250.

Relative strengths of major currency pairs based on Instituitional and reltail positions held......

EUR: Bearish by 5.9%

GBP: Bullish by 10.98%

AUD: Bearish by 22.47%

USD: Bearish by 4.08%

The GBP/AUD pair is still strongest with bullish bias but the strengths of all the currencies came down compared to y'day, which indicates the broader market entered into light consolidation mode. Only the bearish mood of EUR strengthened. GBP/AUD is still doing well in the long direction.

The dollar recovered against the Euro yesterday after Germany rejected the Greek government’s request for an extension of its bailout program. It seems bearish trend continues.

Greece is running out of time, as much as 25 billion euros have left Greek banks since the end of December.

EURUSD continued in tight range bound during the course of yesterday session, as the pair continues to hover around the 10-day moving average at 1.1367. Ultimately, this market looks as if it is consolidating between the top 1.1450 level and the 1.1270 level on the bottom.

I agree, range continues. I hope that next week we will finally see a break out and a possible movement to the upside until it reaches at least 1.1500.

today we had a 120 pips green candle in a 4 hour chart. I think the break will happen soon.

Tight rang last week for the EUR/USD and no break out, i keep eye on the pair next week.

EUR / USD continues to trade between a mode on the side of the main barriers to 1.1210 (S2) and 1.1513 (R2), a short-term uncertainty.
The larger trend is still downward.
The EUR / USD is proving lower minimum and maximum below both moving averages 50 and 200 days.
R3 - 1.15970
R2 - 1.15131
R1 - 1.14456
Daily Std. Pivot - 1.13617
S1 - 1.12942
S2 - 1.12103
S3 - 1.11428

Back to 1.1350 ;) for the eur/usd

I hope by the start of the next week the price will break out of the tight trading range

All the fuss from yesterday with price reach as low as 1.1278 not because fundamental data or the technical stance, the only reason is Greece. Uncountable news have sent the prices up and down, I can only imagine this will probably continue next week.

csc2009 posted:
All the fuss from yesterday with price reach as low as 1.1278 not because fundamental data or the technical stance, the only reason is Greece. Uncountable news have sent the prices up and down, I can only imagine this will probably continue next week.

Greece gets 4 more month bailout extension, eur/usd back in weekly range.

Tsipras and Varoufakis started to present the deal as his victory, so they can't now admit that they will continue all reforms agreed by previous government. BTW, it is interesting that Varoufakis is an expert in game theory (he wrote even a book about it), so it is an ideal situation to put his knowledge into practice.

EURUSD initially fell but found enough support at 1.1278 near the bottom of the consolidation zone to turn around and close slightly in the green above the 10-day moving average. Greece and the Euro group agreed a 4-month extension of the country’s bailout program so we might see another retest of the top of the consolidation zone at 1.1450.

Well... we have a PROVISIONAL agreement between Greece and the Eurozone.... note, i said provisional.
The Greek are going to be running through how this could all pan out throughout today before a final acceptance is made and the Euro meetings conclude.....

So IF the 4 month extension is confirmed what does this mean?

This means that Greece ultimately delay their exit from the Eurozone which will strengthen the Euro...
...with the dovish FOMC right now in terms of delayed rate hikes for the US, this means the EURUSD should go up.

(Source: https://fxnewstrader.co.uk/blog/blog/greek-eurozone-meetings-and-agreements )

So hold on to your buys EUR/USD ???