EUR/USD On The Verge Of A Real Trade
Good Investment Group | Jul 23, 2015 02:11AM ET
EUR/USD pair had done in the past week correction up from low 1.08 to Mid 1.09 and to today or tomorrow should provide with some real money trades.
From a fundamental point of view:
In the early morning today, the 23th, the Greek parliament passed a vote to accept second rescue package, the EUR react positively and climbed 50 points.
Later today we will have the unemployment reports at Spain and in the USA.
Technical point of view:
EUR/USD is in a down trend. On a daily chart price is below 20 MA, RSI indicator signal down and we keep braking down support levels. Next support level is at 1.0814, and sell position can be taken below that level.
On the other hand, we can’t denied the buying pressure we witness this week, and there is a possibility today or tomorrow, to take long positions on the EUR/USD pair.
A new resistance point starting to emerge on 30 minutes time frame, 1.0960. It will be interesting to see today, what will happened if that level will be reached.
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