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.
FXE
EURUSD Forecast July 14, 2015, Technical Analysis
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 Descending Channel July 13, 2015
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.
EURUSD Forecast July 10, 2015, Technical Analysis
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.
EURUSD Forecast July 9, 2015, Technical Analysis
The EURUSD pair broke higher during the course of the session on Wednesday, using the 1.10 level as a bit of a springboard. Because of this, the market looks as if it is ready to continue going higher, and we believe that it is only a matter of time before this market continues to go higher.
EURUSD Forecast July 8, 2015, Technical Analysis
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.
EURUSD Forecast July 7, 2015, Technical Analysis
The EURUSD pair went back and forth during the course of the session on Monday as the referendum announcement in Greece came out.
EURUSD Forecast July 2, 2015, Technical Analysis
The EURUSD pair initially tried to rally during the course of the day on Wednesday, but then turned back around to test support below.
Bond Market Update
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.
EURUSD Forecast June 30, 2015, Technical Analysis
The EURUSD pair gapped lower at the open on Monday, crashing into the 1.10 handle. This area had enough support in it though to keep the market afloat and we bounced much higher.