Euro News

EUR/USD: The EUR/USD dropped by 280 pips last week, closing below the resistance line at 1.0850. The next targets for the bears are located around the support lines at 1.0800 and 1.0750. The recalcitrant resistance lines at 1.0950 and 1.0900 were successfully broken by the bears and thus, they might resist any rally attempts this […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD dropped by 280 pips last week, going below the resistance lines at 1.0950 and 1.0900. The resistance line at 1.0900 (and of course the resistance line at 1.0900) was an adamant obstacle to bears’ interest. Now that the obstacle has been overcome, the […]

EU Chairman Donald Tusk says that the eurozone leaders have come to an agreement for a third bailout for Greece. He says the leaders have agreed “in principle” after marathon 17-hour meeting, “which in other words means continued support for Greece.” European Commision head Jean-Claude Juncker stated, “There will not be a Grexit.” He also […]

Last week, the EUR/JPY tested the demand zone at 133.50 several times, but it was unable to break it to the downside. From that demand zone, the price skyrocketed by 350 pips, closing around the supply zone at 137.00. Further bullish movement towards the supply zone at 138.00 would result in clean Bullish Confirmation Pattern […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair trended downwards in the first few days of last week, challenging the support line at 1.0950. From that support line, price went upwards by 250 pips, reaching the resistance line at 1.1200. The upward movement has been a threat to the existing […]

The markets breathed a sigh of relief this morning after Greek PM Alexis Tsipras met the deadline to present his proposals for debt relief to the eurozone financial leaders. The FTSE100 opened up 72.84 points, as the possibility of a Grexit receded. Recovery of the Chinese markets also helped the FTSE to rise. The euro […]

“When I put on a trade, all I expect is that something will happen.” – Mark Douglas With a great interest, I’ve been watching the events in the Eurozone. I didn’t write about Greek debt crisis because I wanted to see how things turned out. Many economists and financial journalists have written interesting articles about […]

The leaders of the eurozone countries have given Greece until Thursday to come up with new proposals for a deal with creditors. At yesterday’s meeting, they had expected Greece to present a new plan following the No vote in Sunday’s referendum, but the new Greek finance minister had nothing new to offer to help secure […]

After the Greek voters rejected the terms of the bailout programme on Sunday, market reaction has been more subdued than some may have expected. The referendum results came in with 61.3% voting “No”, versus 38.7% who voted “Yes”. But the big decider could come today at the European Central Bank where the governing council will […]

Yesterday, the Greek people voted No to the harsh bail-out conditions the creditors want to impose on the country. This morning the markets responded to the referendum: the European and Asian markets have fallen, as has the euro. London’s FTSE 100 (FTSE:UKX) dropped 0.9%, the Paris Cac 40 fell 1.4%, Frankfurt’s Dax 1.6% and Japan’s Nikkei […]