EURUSD Technical Analysis 2015, 19.07 - 26.07: bearish breakdown - page 2

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Press review

Sergey Golubev, 2015.07.23 14:53

Intraday Outlooks For EUR/USD - SEB (based on efxnews article)


EUR/USD: Ready to try the +1.10s. Yesterday's dip lower confirmed mid-body support. A move over 1.0969 would target the +1.10s. Attraction/resistance above to keep in mind in this scenario is located in the 1.0994\1.1092-area. A drop below 1.0869 would likely kill the possibility to build/add to shorts on more favorable levels. Current intraday stretches are located at 1.0845 & 1.1010.


 

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Press review

Sergey Golubev, 2015.07.24 14:10

Credit Agricole for EURUSD - Where To Sell (based on efxnews article)

  • "In the very short-term further position-squaring related upside risk cannot be excluded as tighter monetary conditions as driven by the Fed and intact uncertainty as related to China may keep risk sentiment unstable. Most recent China PMI releases keep investors’ growth expectations strongly muted.
  • However, from a broader angle, we expect risk sentiment to stabilize anew. This is mainly due to the notion that further improving growth prospects should ultimately compensate for rising Fed rate expectations.
  • Elsewhere, a further appreciating EUR would increase downside risks to inflation and that may trigger a more aggressive rhetoric by ECB members.
  • As a result to the above outlined conditions we remain in favour of selling EUR rallies towards 1.1100- 1200."

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