K.I.S.S analysis EUR/USD

EUR started the week with a significant decrease caused by the Greek referendum by which markets opened at the level of 1.0975. After all the euro recovered positions within the day, reaching a closing price of 1.1055. Additional gains were limited at 1.1095. In the short term outlook remains negative and 1.0955 - the immediate goal. For turning the attitudes is needed a breakthrough of yesterday's high.
 
EUR/USD reversed back by the end of the day to the opening point and gain more than 50 pip in 15 mins after testing the 1.0955, seems that some hopes about the Greece in the market.
 
EUR/USD bounced right up from support level 1.0900 and now we are back again to test 1.1000. And tomorrow we have the famous FOMC meeting minutes.
 
On yesterday session the EURUSD fell but found enough buying pressure shy below the 1.0955 level to turn back up but still closed in the red in the middle of the daily range. The currency is trading between two Fibonacci levels the 38.2 (resistance) at 1.1058 and the 50% (support) at 1.0955, these are the levels that we should pay attention for today.
 
The single currency registered a decrease against the dollar on Tuesday. The euro depreciated by almost 45 pips to a closing price of 1.1009. Before that the pair reached a one-month bottom level of 1.0916, while the peak was recorded at 1.1058. The chart continues to develop under the moving averages and relative strength index remains in negative territory, which implies bearish sentiment and a test of 1.0955.
 
There is an impressive inverted hammer candlestick right on top of the 1.1000 support level visible on the EUR/USD weekly filter chart. I think the pair might start climbing again, next target being 1.1120.
 
EUR/USD is failed to break above the 1.1090 today too and for the 2nd time this week,The pair still under strong buy in the market.
 
Eur/Usd is consolidating above 1.1050 level due to latest rumors about possible Greece deal (another one) this weekend, on the upside resistance level can be found 1.1100.
 
Yesterday the EURUSD rose and closed near the high of the day just below the 10-day moving average on a narrow range day. The currency is in a clear consolidation mode between a daily resistance at 1.1097 and a 1.0955 Fibonacci level the 50% (support). This consolidation should continue until Friday as Greece prepares for a new and decisive summit scheduled for Sunday the 12 of July.
 
EUR registered a growth against the USD yesterday, which was able to recover the lost positions during the previous day. The euro rose by nearly 65 pips to a closing price of 1.1075. The session took place in the final values 1.1091 and 1.0973. Yesterday's peak is a major challenge in an upward direction. Before its successful overcome the bears remain in the leading position.
 
Eur/Usd remains trading in a tight range between 1.1070 and 1.1020, unaffected by US or Greek news. Break of the range would show us a clear direction.
 
^
The pair moved out your range but I still don't see any clear direction, but looks like it's bearish.
 
EUR/USD surprisingly climbed more than 100 pips and again rebounds back to 1.1000 support/resistance level of 1.1000 is holding the price.
 
EUR/USD is so weak this week and the Eurozone is in a state of alert to the fate of Greece.
 
You must log in or register to reply here.

Similar threads

I
GBP/USD Long set up with respected levels
Replies
0
Views
1K
inakocibelli
I
A
EUR/ USD Daily Technical Analysis 3rd August 2012
Replies
3
Views
1K
Amy Forex
A
G
EUR/USD Analysis
Replies
4
Views
2K
bitrader
B
winyoung
AUD/USD Price Analysis
Replies
0
Views
389
winyoung
winyoung
SOLIDECN
Gold Updates by Solid ECN
2
Replies
38
Views
3K
iskanderry
I
Top