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EURo heavy again

al_dcdemo Posted 6 July  in #Trader's blog #EUR/USD #Gap #London Open #Weekly Support 1 #100 Dma #H1 Chart #Previous Week Low #Greek Bailout Vote
After it became clear that the Greek Bailout Vote will have ended with "No", Euro gapped down 120 pips at the open. There was no follow through and the pair reversed shortly thereafter. Gap-closing rally ran out of steam soon after London opened for business.
The pair is currently hanging just above 100 DMA (~1.1040) which coincides with the March/April range top. Closing below it would imply further losses in the days ahead. Next layer of support comes in between 1.0945 and 1.0955 (Previous Wee…
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EURo continues lower

al_dcdemo Posted 1 July  in #Trader's blog #EUR/USD #Greece #Referendum #Weekly Support 1 #100 Dma #H1 Chart
There were some headlines in the morning that were implying possibility of an early deal between Greece and creditors, but the optimism quickly faded and it seems that we'll have to wait until Sunday's referendum before negotiations will continue.
Euro has now retraced more than 61.8% of the Monday's rally. It is currently trading just above 100 DMA (~1.1050), a part of the support band which includes March/April range top (1.1035 - 1.1050) and Weekly Support 1 (~1.1060). If it breaks and holds …
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USD/CAD awaits Poloz

al_dcdemo Updated 15 Apr.  in #Trader's blog #USD/CAD #Boc #Gdp #Loonie #Daily Support 1 #Weekly Support 1
USD/CAD sold off sharply after BOC left rates on hold, revised up its inflation forecasts and only just slightly downgraded its shorter-term GDP projections. The pair is stalling ahead of Daily Support 1 (1.2418) and Weekly Support 1 (1.2415) and appears to be waiting for BOC Press Conference, which starts at 15:15 GMT.
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