EURUSD Spot by Amplify Trading - Mon, Jul 1 2013

Strategy	Neutral – Entry Short
Entry	1.3078
1st Target	1.3034
2nd Target	1.3005
Stop	1.3103

Key Levels	Comments
1.3184	Support turned resistance
1.3103	Friday high
1.3078	R1, Entry
1.3034	Pivot, tgt 1
1.3005	Tgt 2, Support area

Alternative	Neutral – Entry Long
Entry	1.3005
1st Target	1.3034
2nd Target	1.3070

EUR/USD: Will or will not?

by Valeria Bednarik | FXstreet.com

At this point, we are all wondering if the EUR/USD will or will not be able to finally break below the 1.3000 level. Despite some short term spikes below the strong psychological support, a huge battle is going on in between bulls and bears, and the pair holds barely above, as the first half of the year comes to an end. Indeed that’s a worrisome scenario for buyers, as we have not seen this Friday the usual profit taking and position adjustment, meaning that despite the level holds, bears are for now winning.

As for the technical stance, the daily chart shows a strong bearish momentum coming from technical readings, with price capped by the 61.8% retracement of its latest bullish run around 1.3050. Exposed to the downside on a break the weekly low of 1.2983, the pair has a 100 pips clean path towards 1.2880 next strong midterm support. Once below this last, next target comes at 1.2975, May 20th low converging with a daily ascendant trend line coming from September last year.

A change in direction  will be dependent on upcoming fundamental data from both economies, the ECB monthly meeting and US employment figures. Draghi needs to provide and outstandingly positive outlook and US data miss expectations, to revert the   downward momentum in the pair. Something in the middle won’t be enough and just produce short term noise. Key resistances for this week come at 1.3050, and 1.3105, being this last, the 50% retracement of the above mentioned rally. Only above this last the pair will be poised to revert the downward tone.

View Live Chart for EUR/USD

Forex Daily Analysis - Wed, December 12

Forex Technical analysis and forecasts: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, Gold
Wed, Dec 12 2012, 12:20 GMT - by Igor Sayadov | RoboForex LP
EUR/USD - Yesterday the EUR/USD currency pair formed a correction towards the previous descending movement. Today the price may grow up a little bit, reach a new top at 1.3030, and then continue falling down to break the level of 1.2870. ... >>


Murray Math Lines: USD/CAD, AUD/USD, NZD/USD
Wed, Dec 12 2012, 11:47 GMT - by Igor Sayadov | RoboForex LP
Analysis for December 12th, 2012
USD/CAD - Canadian Dollar is still consolidating; the bears are supported by the H4 Super Trend. If the market is able to keep the price below the 3/8 level, the pair will continue falling down towards the 0/8 one. ... >>


Technical Summary for Commodities
Wed, Dec 12 2012, 10:49 GMT
Technical Summary for Commodities RSS |  by Slobodan Drvenica  (Windsor Brokers Ltd)
GOLD Spot Gold is poised for retest of previous high and double-Fibonacci barrier at 1717, 50% retracement of 1752/1684 and 38.2% expansion of wave from 1684, as fresh strength emerged from 1704, correction low, where ascending 20 day EMA contained pullback from 1717. With important 1700 support staying intact and 1/4h indicators in the positive territory, scope is seen for fresh extension higher, as initial barrier at 1714, yesterday’s high, has been cracked. Clearance of 1717, to open next ... >>


Technical Summary for Majors
Wed, Dec 12 2012, 08:01 GMT - by Slobodan Drvenica | Windsor Brokers Ltd
EUR/USD - The Euro holds positive stance, consolidating recent rally at 1.3000 zone. Regain of 1.3000 level, also 50% of 1.3125/1.2876 descend, sees more prospect for further recovery, as 4h studies are ascending and see room for fresh extension and test of next barrier at 1.3030, Fib 61.8%, above which 1.3085/1.3100 would come in near-term focus. However, hourly indicators are reversing from overbought zone that may signal further corrective action, with strong support at 1.2970, previous high of 07 Dec and 20/55 day EMA’s bullish crossover, expected to contain dips and keep bullish structure intact..  ... >>