15 Jul 2015
EUR/USD bears testing 1.1000 support before key events
FXStreet (Guatemala) - EUR/USD is currently trading at 1.0997 with a high of 1.1017 and a low of 1.0991.
EUR/USD is testing the downside tentatively below the 1.10 handle in the Tokyo opening 30 minute stick.
EUR/USD has been a 190 round trip since the close of yesterday's business in Asia with markets moving in on data releases. In the european morning, the concerns of the bridging loan for Greece were directing trade until Carney took the limelight away from Greece while markets await the Greek parliament decision tonight in Athens. Then it was over the US, and retail sales disappointed triggering a sell off in the Greenback until a sell on the knee jerk rally came in to play and took the major back from where the bull have been unable to recovery from as Tokyo takes the baton and continues with the better offered theme as we progress. Yellen testifies this week and we also have the ECB will be in focus at the end of the week and analysts at Rabobank offered a preview in summary.
Trade ECB meeting with Bednarik, Elam and Pinkert; Greece + Germany + Forex
Technically, there is a lack of bias one way or the other on the short term charts while intra-day rallies are capped within the broader bearish trend longer term. For the upside, 1.1280/20 levels come as initial resistance through 1.1195/15. Beyond there we have the top of the range at 1.1440/34 while bears target 1.0800.
EUR/USD is testing the downside tentatively below the 1.10 handle in the Tokyo opening 30 minute stick.
EUR/USD has been a 190 round trip since the close of yesterday's business in Asia with markets moving in on data releases. In the european morning, the concerns of the bridging loan for Greece were directing trade until Carney took the limelight away from Greece while markets await the Greek parliament decision tonight in Athens. Then it was over the US, and retail sales disappointed triggering a sell off in the Greenback until a sell on the knee jerk rally came in to play and took the major back from where the bull have been unable to recovery from as Tokyo takes the baton and continues with the better offered theme as we progress. Yellen testifies this week and we also have the ECB will be in focus at the end of the week and analysts at Rabobank offered a preview in summary.
Trade ECB meeting with Bednarik, Elam and Pinkert; Greece + Germany + Forex
Technically, there is a lack of bias one way or the other on the short term charts while intra-day rallies are capped within the broader bearish trend longer term. For the upside, 1.1280/20 levels come as initial resistance through 1.1195/15. Beyond there we have the top of the range at 1.1440/34 while bears target 1.0800.