EUR/USD

European Commission, ECB and IMF put the financing needs of Greece up to EUR 82-86 bn

EUR/USD fell today about 200 pip but reversed by the end of the day from the 1.1000 level, I see that the consumer price index this week will drive the biggest move in the market.

Abdul2012 posted:
EUR/USD fell today about 200 pip but reversed by the end of the day from the 1.1000 level, I see that the consumer price index this week will drive the biggest move in the market.

Technical factors are of the great impact on euro as well... But I agree fundamentals are important movers as usual

EUR/USD faces another drop in the begining of the week with the Greece crisis getting more complicated.

The Eurozone and Greece finally reached an agreement but EUR/USD is dropping anyway. The pair is likely headed for the support at 1.0915.

1.1000 level appears to be a strong support again.

Seems like the Euro is trading back on fundamentals. The EURUSD may continue lower even more if the FED hints again at a possible rate hike.

Consolidation mode rather....

Yesterday the EURUSD initially tried to rally but found yet again selling pressure, at the 50-day moving average, to give all its gains back to the market and close near the low of the day with a wide range day. Key levels to watch today are: a daily resistance at 1.1097, Fibonacci levels the 38.2% (resistance) at 1.1058 and the 50% (support) at 1.0955.

The euro recorded a sharp drop against the dollar on Monday. At the beginning of the session bullish sentiment prevailed and there was lack of indications for depreciation of the single currency. The sudden change came after the pair scored peak at 1.1195. From then until the end of trading the bearish trend was leading. Bottom of the day was reached at 1.0996 and the finish line was crossed at a price of 1.1000. Thus, the euro lost 93 pips for the day.

EUR/USD is testing the support at 1.1000 again but I doubt it will be able to break below that level before Yellen's testimony or the Greek parliamentary vote tomorrow.

victoriajensen posted:
EUR/USD is testing the support at 1.1000 again but I doubt it will be able to break below that level before Yellen's testimony or the Greek parliamentary vote tomorrow.

I am totally agree with you on that.

EUR/USD advanced a bit but remained way below our 1.108 resistance line. In a test around that area, we have a negative short-term picture.

by the end of the day EUR/USD fell to the opening price and testing support level 1.1000

sherifFares posted:
by the end of the day EUR/USD fell to the opening price and testing support level 1.1000

Eur/Usd holds above 1.1000 level after disappointing US retail sales figures. There is not much Greece headlines today, prices are driven by fundamentals.

Now it will be walking around 1.10000 for quite time.. Ideal condition for scalpers

Yesterday the euro registered a volatile session against the dollar. The opening price was similar to the closing price, 1.1000 and 1.1008 respectively. At the beginning the trend was neutral, but around noon the bulls took control. The peak of the day was at 1.1078 and afterwards the price was corrected and the couple returned to the starting position. Short-term indicators remain in favor of the US dollar and thus support at 1.0915 remains threatened.

Yesterday the EURUSD pair moved back and forward with lack of direction closing in the green near the open of the day, making a Long-Legged Doji. This candlestick is often used to signal indecision about the future direction of the currency although the 50% Fibonacci level (support) at 1.0955 is still holding the price.

EUR/USD is in volatility mode, make your SL tight !