K.I.S.S Trading EUR/USD

This is a discussion on K.I.S.S Trading EUR/USD within the Forex forums, part of the Markets category; Yesterday EURUSD fell breaking below the 1.1097 the lower band of a daily resistance and closed near the low of ...

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Old Jul 2, 2015, 9:29am   #1
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K.I.S.S Trading 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).
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Old Jul 2, 2015, 2:26pm   #2
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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.
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Old Jul 2, 2015, 7:39pm   #3
 
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The US Non-farm payrolls today barely had an effect on the market. I suppose everyone is waiting for the Greek referendum on Sunday. I think EUR/USD will likely continue consolidating for now, though a drop to the support at 1.1000 is still possible.
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Old Jul 2, 2015, 8:04pm   #4
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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.
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Old Jul 2, 2015, 10:43pm   #5
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Originally Posted by victoriajensen View Post
The US Non-farm payrolls today barely had an effect on the market. I suppose everyone is waiting for the Greek referendum on Sunday. I think EUR/USD will likely continue consolidating for now, though a drop to the support at 1.1000 is still possible.
The outcome from Greek referendum on Sunday remains uncertain, it can go either way. Monday will be crucial.
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Old Jul 2, 2015, 10:44pm   #6
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EUR/USD bounced a bit over the 1.1030 but i see that still a chance to see 1.1000 soon.
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Old Jul 3, 2015, 9:11am   #7
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honeill started this thread 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.
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Old Jul 3, 2015, 11:44am   #8
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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.
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