EURUSD Forecast July 16, 2015, Technical Analysis
The EURUSD pair initially tried to rally during the course of the day on Wednesday, but found the area above the 1.10 level to be a bit too expensive.
The EURUSD pair initially tried to rally during the course of the day on Wednesday, but found the area above the 1.10 level to be a bit too expensive.
The EURUSD pair initially rallied at the open on Monday as it was announced that a deal was reached in the Greek debt crisis. However, the Greek still have to vote in Parliament, and on top of that there seems to be a lot of mistrust of the situation.
EURGBP is still on a downtrend but the pair is currently testing the top of the descending channel visible on its 4-hour time frame. If resistance around the top of the channel or .7200 holds, the pair could move back to the bottom at .7000 or lower.
The EURUSD pair tried to rally initially during the session on Thursday, but turned back around and crashed into the 1.10 level, an area that has been supportive.
The EURUSD pair initially fell during the course of the session on Tuesday, but found support just above the 1.09 level in order to form a hammer.
The EURUSD pair went back and forth during the course of the session on Monday as the referendum announcement in Greece came out.
The EURUSD pair initially tried to rally during the course of the day on Wednesday, but then turned back around to test support below.
Although the bond market has been illiquid and somewhat untradeable given the QE from central banks, it now is time to focus on this market.
EURJPY (quote) has been moving sideways since the start of the month, as price found support at the 139.00 major psychological level and resistance near 141.00.
The EURUSD pair initially fell during the course of the day on Wednesday, but below the 1.11 level we found a bit of support.