HotForex Posted July 16, 2013 Report Share Posted July 16, 2013 EURUSD dropped yesterday and closed at 1.3063. The Fitch ratings agency downgraded the European Financial Stability Facility rating to ‘AA+’ from ‘AAA’, with stable outlook yesterday. The three main political parties in Portugal have set a 21 July 2013 deadline to agree to a “national salvation pact” which aims to ensure that reforms critical to the nation’s bailout are not derailed by the recent political turmoil in the country. On the other side of the ocean the Retail Sales in the United States rose less than the market expectation coming out at a reading of 0.4 percent in June. In a release today the German ZEW Economic Sentiment came our worse than the market expectation at a reading of 36.3. Investors are now awaiting the Core CPI month over month release due from the United States later today. Support for the EURUSD is seen at 1.3014 and resistance is seen at 1.3177. The HotForex Traders Board shows that 56 percent of the traders are short on the EURUSD. http://blog.hotforex.com/wp-content/uploads/2013/07/EURUSD-16-July-2013.jpg GBPUSD The Cable dropped yesterday and closed at 1.5098. In the European session the pair pushed back higher and its currently trading around 100 pips away from the close price. The CPI year over year released from the United Kingdom today came out worse than the market expectation at a reading of 2.9 percent. Support for the GBPUSD is seen at 1.5033 and resistance is seen at 1.5182. The HotForex Traders Board shows that 65 percent of the traders are long on the GBPUSD. http://blog.hotforex.com/wp-content/uploads/2013/07/GBPUSD-16-July-2013.jpg - See more at: http://blog.hotforex.com/eurusd-moves-to-the-upside-in-the-european-session-us-consumer-price-index-data-on-tap/#sthash.j2Azz1UL.dpuf Quote Link to comment Share on other sites More sharing options...
diablo88 Posted July 17, 2013 Report Share Posted July 17, 2013 nice thread, man. Thanks for that. Quote Link to comment Share on other sites More sharing options...
Guest FloridaTrader Posted July 26, 2013 Report Share Posted July 26, 2013 Why are you posting in the General Section when this is a Technical Analysis. Also, all postings go into one thread per month, read the rules for posting in the Technical Analysis Section. Quote Link to comment Share on other sites More sharing options...
adeelyaz Posted August 4, 2013 Report Share Posted August 4, 2013 this is good analyses about the euro/usd very informative for me. Quote Link to comment Share on other sites More sharing options...
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