al_dcdemo's Blog

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Will euro finally break 1.15?

Euro opened the week with a 10 pip gap higher and then added another 20 pips before pulling back and going sideways. It has been holding above last week's high for the most of the day - break below it at the London open was quickly rejected.
Immediate resistance 1.1475 - 1.15 is followed by 1.1530 - 1.1550 and then 1.16 - 1.1650, should we get a proper breakout. 1.1445 - 1.1460 is the first stronger support.
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fxsurprise8 avatar

yeah it will :)

al_dcdemo avatar

There's no particular selling pressure noted. Today was a holiday though - we'll see what happens tomorrow. But I think it will be a green week.

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Choppy ranging continues

Despite the fact that many traders are standing aside in these tough markets mostly due to heightened uncertainty and never knowing where and when the next headline will send the price, yesterday's trade reminded of thin summer trading conditions. With July knocking on the door, "summer doldrums" factor might definitely be a part of it.
Greek saga continues on Saturday and if we'll get any deal on the weekend (unlikely), there could be a huge gap open on Monday. But most likely we will have to w…
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