EUR/USD

If there is no Greek deal, the EURUSD may keep dropping. Lets see how the US fundamentals keep coming out, because that will also weigh on the direction of the Euro.

I think it is seeking the more weak side to break out

Yesterday the EURUSD rose and closed in the green near the high of the day, on a narrow range day, creating an inside day. The pair continues to trade inside a daily support zone and is being supported by the 50-day moving average. Key levels for today are the same of yesterday, to the downside the 1.1097 what’s left of the daily support, to the upside we have the 1.1236 the upper band of the daily support and the 1.1288 the 10-day moving average.

EUR / USD was corrected higher yesterday, formed a peak of 1.1234. Trade signals are neutral for now, perhaps with slight bullish signals for testing the resistance 1.1250. A clear break above this level could lead to upward pressure testing 1.1300. Overall I still prefer a bearish scenario at this phase but need a clear break below 1.1180 / 65 for the continuation of the bearish scenario targeting near 1.1050. On the upside, a clear break and daily close above 1.1300 could trigger further bullish pressure on area 1.1380 - 1.1465 remains a good place for sales.

Strong consolidation.

All day long EUR/USD continue to trade around the opening price. 1.1200 seems to be a strong resistance point.

EUR/USD is still consolidating and testing the support at 1.1160. I still think it's possible that the pair will break below the support and continue falling towards 1.1050, but so far there are no signals it's about to do that.

The EUR/USD trade now close to the opening price of today 1.1205 but so tight move.

Greece, Greece, Greece, eveything seems to be about Greece now. The smartest thing to do is to stay on the sidelines for now.

The euro appears to be struggling to make gains above its 21 day MA 1.1217, but no direction yet. Everyone is probably very tired of Greece's deadline have been keep changing but hopefully they can reach some form of conclusion next week.

Yesterday the EURUSD moved back and forward as fundamental news from Greece hit the wire. The currency closed in the red near the open of the day creating a doji pattern but managed to stay above the 50-day moving average. Today may be a do or die for Greece as the three day EU summit ends on Saturday but we may get a glimpse of the Greece negotiations at the press conference scheduled later today at 13:00 (GMT).

The pair continues to fluctuate in the range 1.1150-1.1230. Possible breakthrough of the upper limit of the range, which would open the way to important resistance around 1.1430.

Look at gold behaviour ! It says a lot...

It looks like EUR/USD will attempt to break below 1.1160 after all.

Here is the question, in light of the high volatily expected on monday what is the choice of the community to keep open the trades or close all?

Let's see there will be any outcome to the extended discussions in respect of Greece over the weekend.

Yeah, we just have to wait and see what happens Saturday or Monday.

The EUR / USD continued to share the busy and price was around 1.1200, with no defined trend.

Driven by the uncertainty of the Greek debt crisis, the pair reflects the restricted state of mind of investors before the talks 'take it or leave it' that will take place during the end-of-week.