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).
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.
victoriajensen
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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.
Sherif Fares
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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.
The outcome from Greek referendum on Sunday remains uncertain, it can go either way. Monday will be crucial.
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.
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.
victoriajensen
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EUR/USD has fallen asleep completely, but considering the events on Sunday this is like the calm before the storm.
Sherif Fares
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Now all eyes will be on Greece market impact next week.
On Friday session the EURUSD rose and closed in the green near the high of the day on a narrow range day, creating an inside day. The Greek drama “ended” Sunday night as the referendum “no” won by a large number and the currency opened with a Gap down of 118 pips, but like the previous one on the 28 of June, todays Gap should also be closed.
On Friday session EUR recorded a second consecutive day growth against USD after trading in a relatively narrow range. The euro rose slightly over 20 pips to a closing price of 1.1106. The daily limit values reached 1.1117 and 1.1065. For the last week the currency pair also made a progress, although much of it was erased on Tuesday and Wednesday. EUR / USD is trading on levels of uptrend line from mid-April, but sentiment remained negative. A break of 1.0955 will give an opportunity for a continuing decline.
victoriajensen
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Although the Greeks voted "No", EUR/USD formed only a 100-pip gap when the markets opened earlier today. And not only was the gap so small, but the pair already recovered it. That was very anti-climactic, to be honest. What follows next, I wonder.
Sherif Fares
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Aside from the gap which the market opened with today I dont see much of an impact on the EUR/USD at least not as much as feared.
fxstrategist
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Eurusd
The 1.1000 level seems like the fare price for the EURUSD during all the Greek turmoil.
The 1.1000 level seems like the fare price for the EURUSD during all the Greek turmoil.
Yesterday the EURUSD rose testing the 1.1097 level and as predicted closed the GAP opened on Sunday. We may expect a downward movement from the currency in the next two day, following the same cyclical pattern showed by the 29, 30 of June and 1st of July. The 1.0955 should be watch very closely because a breakdown of this level may throw the pair to the next Fibonacci level (61.8) at 1.0853.
