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Chart Of The Day For July 2nd ,2015 – EUR/USD

Talking Points:

  • EUR/USD Technical Strategy: Flat
  • Support: 1.0964, 1.0818, 1.0682
  • Resistance:1.1054, 1.1127, 1.1199

The Euro is facing renewed downward pressure after soaring to close the weekly opening gap against the US Dollar. Near-term support is at 1.0964, the 76.4% Fibonacci retracement, with a break below that on a daily closing basis exposing the May 27 low at 1.0818. Alternatively, a reversal back above the 61.8% Fib at 1.1054 clears the way for a test of the 50% retracement at 1.1127.

The available trading range is too narrow to justify entering a trade in line with our long-term Euro outlookfrom a risk/reward perspective. With that in mind, we will remain flat for now, waiting for price action to offer a more compelling opportunity down the road.

EUR/USD Technical Analysis: Sellers Aim Below 1.10 Figure

Chart Of The Day For July 1st ,2015 – EUR/USD

By Ilya Spivak, Talking Points: EUR/USD Technical Strategy: Flat Support: 1.1127, 1.1054, 1.0964 Resistance:1.1199, 1.1290, 1.1345 The Euro returned to levels prevailing before the sharp gap and subsequent upswing at the open of the trading week. A daily close below the 50% Fibonacci retracementat 1.1127 exposes the 61.8% level at 1.1035. Alternatively, a turn above […]

Chart Of The Day For June 30th ,2015 – EUR/USD

By Ilya Spivak, Talking Points: EUR/USD Technical Strategy: Flat Support: 1.1188, 1.1098, 1.1043 Resistance:1.1261, 1.1334, 1.1424 The Euro gapped sharply lower against the US Dollarbut a swift intraday recovery brought prices back above the 1.12 figure. Near-term resistance is at 1.1261, the 50% Fibonacci expansion, with a break above that on a daily closing basis […]

Chart Of The Day For June 29th ,2015 – EUR/USD

By Ilya Spivak, Talking Points: EUR/USD Technical Strategy: Flat Support: 1.1127, 1.1054, 1.0964 Resistance:1.1199, 1.1290, 1.1345 The Euro remains in consolidation mode after producing the largest daily drop in three months against the US Dollar. A daily close below the 50% Fibonacci retracementat 1.1127 exposes the 61.8% level at 1.1035. Alternatively, a turn above the […]

Chart Of The Day For June 26th ,2015 – EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Flat Support: 1.1127, 1.1054, 1.0964 Resistance:1.1199, 1.1290, 1.1345 The Euro remains in consolidation mode after producing the largest daily drop in three months against the US Dollar. A daily close below the 50% Fibonacci retracementat 1.1127 exposes the 61.8% level at 1.1035. Alternatively, a turn above the 38.2% Fib […]

Chart Of The Day For June 25th ,2015 – EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Flat Support: 1.1127, 1.1054, 1.0964 Resistance:1.1199, 1.1290, 1.1345 The Euro paused to digest losses after issuing the largest decline in three months against the US Dollar. Near-term support is at 1.1127, the 50% Fibonacci retracement, with a break below that on a daily closing basis exposing the 61.8% level […]

Chart Of The Day For June 24th ,2015 – EUR/USD

By Ilya Spivak, Talking Points: EUR/USD Technical Strategy: Flat Support: 1.1320, 1.1202, 1.1055 Resistance:1.1439, 1.1586, 1.1823 The Euro turned sharply lower against the US Dollar, producing the largest daily decline in three months. A daily close below the 50% Fibonacci expansion at 1.1111 exposes the 61.8% level at 1.1035. Alternatively, a turn above the 38.2% […]

Chart Of The Day For June 23rd ,2015 – EUR/USD

By Ilya Spivak, Talking Points: EUR/USD Technical Strategy: Flat Support: 1.1320, 1.1202, 1.1055 Resistance:1.1439, 1.1586, 1.1823 The Euro moved higher against the US Dollar as expected having produced a bullish Morning Star candlestick pattern. Near-term resistance is at 1.1439, the 61.8% Fibonacci expansion, with a break above that on a daily closing basis exposing the […]

Chart Of The Day For June 22nd ,2015 – EUR/USD

By Ilya Spivak, Talking Points: EUR/USD Technical Strategy: Flat Support: 1.1320, 1.1202, 1.1055 Resistance:1.1439, 1.1586, 1.1823 The Euro rebounded against the US Dollar as expected having produced a bullish Morning Star candlestick pattern. A daily close above the 61.8% Fibonacci expansion at 1.1439 exposes the 76.4% level at 1.1586. Alternatively, a turn below the 50% […]

Chart Of The Day For June 19th,2015 – EUR/USD

By Ilya Spivak, Talking Points: EUR/USD Technical Strategy: Flat Support: 1.1320, 1.1202, 1.1055 Resistance:1.1439, 1.1586, 1.1823 The Euro moved higher against the US Dollar as expected having produced a bullish Morning Star candlestick pattern. Near-term resistance is at 1.1439, the 61.8% Fibonacci expansion, with a break above that on a daily closing basis exposing the […]

Chart Of The Day For June 18th,2015 – EUR/USD

By Ilya Spivak, Talking Points: EUR/USD Technical Strategy: Flat Support: 1.1320, 1.1202, 1.1055 Resistance:1.1439, 1.1586, 1.1823 The Euro rebounded against the US Dollar as expected having produced a bullish Morning Star candlestick pattern. A daily close above the 61.8% Fibonacci expansion at 1.1439 exposes the 76.4% level at 1.1586. Alternatively, a turn below the 50% […]

Chart Of The Day For June 17th,2015 – EUR/USD

By Ilya Spivak, Talking Points: EUR/USD Technical Strategy: Flat Support: 1.1202, 1.1055, 1.0965 Resistance:1.1320, 1.1439, 1.1585 The Euro moved higher against the US Dollar as expected having produced a bullish Morning Star candlestick pattern. Near-term resistance is at 1.1320, the 50% Fibonacci expansion, with a break above that on a daily closing basis exposing the […]

Chart Of The Day For June 16th,2015 – EUR/USD

By Ilya Spivak, Talking Points: EUR/USD Technical Strategy: Flat Support: 1.1202, 1.1055, 1.0965 Resistance:1.1320, 1.1439, 1.1585 The Euro rebounded against the US Dollar as expected having produced a bullish Morning Star candlestick pattern. A daily close above the 50% Fibonacci expansion at 1.1320 exposes the 61.8% level at 1.1439. Alternatively, a turn below the 38.2% […]

Chart Of The Day For June 15th,2015 – EUR/USD

By Ilya Spivak, Talking Points: EUR/USD Technical Strategy: Flat Support: 1.1202, 1.1005, 1.0818 Resistance:1.1320, 1.1439, 1.1585 The Euro moved higher against the US Dollar as expected having produced a bullish Morning Star candlestick pattern. Near-term resistance is at 1.1320, the 50% Fibonacci expansion, with a break above that on a daily closing basis exposing the […]

Chart Of The Day For June 12th,2015 – EUR/USD

By Ilya Spivak, Talking Points: EUR/USD Technical Strategy: Flat Support: 1.1202, 1.1005, 1.0818 Resistance:1.1320, 1.1439, 1.1585 The Euro rebounded against the US Dollar as expected having produced a bullish Morning Star candlestick pattern. A daily close above the 50% Fibonacci expansion at 1.1320 exposes the 61.8% level at 1.1439. Alternatively, a turn below the 38.2% […]

Chart Of The Day For June 11th,2015 – EUR/USD

By Ilya Spivak, Talking Points: EUR/USD Technical Strategy: Flat Support: 1.1202, 1.1005, 1.0818 Resistance:1.1320, 1.1439, 1.1585 The Euro moved higher against the US Dollar as expected having produced a bullish Morning Star candlestick pattern. Near-term resistance is at 1.1320, the 50% Fibonacci expansion, with a break above that on a daily closing basis exposing the […]

Chart Of The Day For June 10th,2015 – EUR/USD

By Ilya Spivak, Talking Points: EUR/USD Technical Strategy: Flat Support: 1.1202, 1.1005, 1.0818 Resistance:1.1320, 1.1439, 1.1585 The Euro rebounded against the US Dollar as expected having produced a bullish Morning Star candlestick pattern. A daily close above the 50% Fibonacci expansion at 1.1320 exposes the 61.8% level at 1.1439. Alternatively, a turn below the 38.2% […]

Chart Of The Day For June 9th,2015 – EUR/USD

By Ilya Spivak, Talking Points: EUR/USD Technical Strategy: Flat Support: 1.1202, 1.1005, 1.0818 Resistance:1.1320, 1.1439, 1.1585 The Euro moved higher against the US Dollar as expected having produced a bullish Morning Star candlestick pattern. Near-term resistance is at 1.1320, the 50% Fibonacci expansion, with a break above that on a daily closing basis exposing the […]

Chart Of The Day For June 8th,2015 – EUR/USD

By Ilya Spivak, Talking Points: EUR/USD Technical Strategy: Flat Support: 1.1000, 1.0818, 1.0679 Resistance:1.1202, 1.1320, 1.1439 The Euro slipped back below the 1.12 figure against the US Dollar after moving higher as expected having put in a bullish Morning Star candlestick pattern. A daily close below the 1.1000-55 area (23.6% Fibonacci expansion, horizontal pivot) exposes […]

Chart Of The Day For June 5th,2015 – EUR/USD

By Ilya Spivak, Talking Points: EUR/USD Technical Strategy: Flat Support: 1.1202, 1.1005, 1.0818 Resistance:1.1320, 1.1439, 1.1585 The Euro paused to digest gains having reversed upward as expected against the US Dollar following two days of aggressive gains. Near-term resistance is at 1.1320, the 50% Fibonacci expansion, with a break above that on a daily closing […]

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