Daily Trading Signals by Exness - EUR/USD

[Exness Support]

01.12.2014 7:07 EURUSD
EURUSD: consolidation higher than 1.2426 support level

Sell on a level breakthrough of 1.2426 with 1.2360 target. Stop loss = 1.2480.

Reason for the trading strategy

The November decline in the consumer price index from 0.4% to 0.3% in the euro-zone is likely to lead to an expansion of the ECB asset purchases program. Market participants believe that in December of 2014 to Q1 2015, the European regulator will start buying the PIGS countries bonds.

EURUSD, H4

 

[Exness Support]

02.12.2014 8:08 EURUSD
EURUSD: under pressure against the background of a reduction in the business activity index in the manufacturing sector of the euro zone

Sell on a level breakthrough of 1.2418 with 1.2360 target. Stop loss = 1.2470.

Reason for the trading strategy

The November decline in the business activity index in the euro zone's manufacturing sector from 50.4 p. to 50.1 p. lets us talk about the continued contraction of the European economy. We believe that the monetary stimulus measures being taken by the ECB will be able to revive demand in the euro zone no earlier than in spring 2015.

EURUSD, H4

 

[Exness Support]

04.12.2014 7:07 EURUSD
EURUSD: under pressure before the ECB meeting

Sell on a level breakthrough of 1.2295 with 1.2200 target. Stop loss = 1.2360.

Reason for the trading strategy

In November, the business activity index in the euro zone's services sector fell from 52.3 p. to 51.1 p., while the retail sales, though increased by 0.4% (m / m), in October, were still lower than the forecast of 0.6% (m/m). All this testifies about the European economy's bad state of health. The prospects for the euro in relation to the possible extension of the EU sanctions against Russia remains negative. Today, there is a high probability of the ECB announcing new stimulus programs in the euro zone.

EURUSD, H4

 

[Exness Support]

EURUSD
Dec. 18, 2014, 07:20

Buy on rebound from 1.2248 level with 1.2400 target. Stop loss = 1.2200.

Reason for the trading strategy

The November decline in inflation in the United States to the level of 1.3% made the US Federal Reserve soften its rhetoric and revise its forecast on the average level of the federal funds rate for 2015 from 1.375% to 1.125%. Nevertheless, the euro has decided to re-adjust itself to the 2014 lows. Near the 1.2248 level, demand for the euro is likely to rise again.

EURUSD, H4

 

[Exness Support]

EURUSD
Dec. 19, 2014, 07:15

Sell on a level breakthrough of 1.2248 with 1.2067 target. Stop loss = 1.2300.

Reason for the trading strategy

After the introduction of negative interest rates in Switzerland, the US dollar has become noticeably stronger not only against the franc, but also against the euro. We believe that cheapening the European currency will contribute to increased demand for European goods in international markets in the medium term.

EURUSD, H4

 

[Exness Support]

EURUSD
Jan. 13, 2015, 10:16

Sell on a level breakthrough of 1.1753 with 1.1639 target. Stop loss = 1.1820.

Reason for the trading strategy

Today, the November data on industrial output in Italy may put pressure on the euro. Note that the volume of industrial production in the euro-zone's third economy fell by 3% (y/y) in October. In November, the indicator is expected to grow by 0.1% (m/m) due to the low base effect. In the short term, the EURUSD pair is likely to break through the lower limit of the 1,1753-1,1875 range.

EURUSD, H4

 

[Exness Support]

EURUSD: consolidation before the publication of data on the industrial production in the euro zone

EURUSD
Jan. 14, 2015, 09:24

Sell on a level breakthrough of 1.1753 with 1.1639 target. Stop loss = 1.1820.

Reason for the trading strategy

Today at 10.00 GMT, the industrial production volume in the euro zone will be published. The decline in the index from 0.7% to -0.8% per annum expected in November, is likely to put pressure on the single European currency. At a breakthrough of the 1.1753 support level, opening regular short positions in the euro is worth considering.

EURUSD, H4

 

[Exness Support]

EURUSD: consolidation higher than 1.1300 support level

EURUSD
Jan. 27, 2015, 08:55
Sell on a level breakthrough of 1.1225 with 1.1100 target. Stop loss = 1.1275.

Reason for the trading strategy

Yesterday, the euro was adjusted to the level of 1.1300 = 38.2% Fibonacci from the impetus of 1,1625-1,1100. The pair received support form the closure of a part of the short-term shorts after the announcement of the results of the Greek parliamentary elections. We believe that the three creditors - the ECB, the IMF and the EU are not going to write off the Greek debts amounting to 240 billion euros. However, the debt restructuring option in the form of extension of its maturity and/or lower interest rates is possible.

EURUSD, H4

 

[Exness Support]

EURUSD
Jan. 29, 2015, 08:56
Sell on a level breakthrough of 1.1259 with 1.1100 target. Stop loss = 1.1310.

Reason for the trading strategy

Yesterday, the US Federal Reserve kept its benchmark interest rate unchanged at 0-0.25% per annum. The regulator announced its readiness to "be patient" before the beginning of normalization of monetary policy. The US Federal Reserve signaled that a rate hike will not take place until at least June. The regulator's neutral declaration has provided support for the US dollar in the international currency market.

EURUSD, H4

 

[Exness Support]

EURUSD
Feb. 6, 2015, 09:05
Buy on a level breakthrough of 1.1538 with 1.1650 target. Stop loss = 1.1470.

Reason for the trading strategy

Yesterday, the European Commission raised its forecast for GDP growth in the euro zone to 1.3% in 2015. The news has supported the euro. Today, the market participants' attention will be focused on the outcome of the negotiations among the leaders of France and Germany with their Russian counterpart. A peaceful settlement of the conflict in Ukraine would boost investment in Europe.

EURUSD, H4

 

[Exness Support]

EURUSD: growth after the publication of macroeconomic statistics for the United States
EURUSD
Feb. 13, 2015, 09:24
Buy on a level breakthrough of 1.1435 with 1.1532 target. Stop loss = 1.1380.
Reason for the trading strategy
Yesterday, the dollar came under pressure after the publication of weak data on retail sales and the labor market in the United States. In January, retail sales in the US fell by 0.8% (m/m) with a forecast of -0.4% (m/m), and the number of initial claims for unemployment benefits over the past week has increased from 279 thousand to 304 thousand. In the near future, the information about granting Greece a bridge loan may provide support for the euro.
EURUSD, H4

 

[Exness Support]

EURUSD
Feb. 18, 2015, 08:37
Buy on a level breakthrough of 1.1448 with 1.1534 target. Stop loss = 1.1400.
Reason for the trading strategy
Yesterday's publication of macroeconomic statistics for the euro-zone provided substantial support for the euro. The ZEW business sentiment index in the euro zone rose from 45.2 p. to 52.7 p. due to the quick launch of the quantitative easing program in the region and an unexpectedly high GDP growth in the 4th quarter 2014. Today, the US Federal Reserve protocols may provide support for the euro. If the US regulator focuses on low inflation, the probability of a forthcoming tightening of monetary policy in the US will decrease.
EURUSD, H4

 

[Exness Support]

EURUSD
April 10, 2015, 09:49
Sell on a level breakthrough of 1.0635 with 1.0550 target. Stop loss = 1.0700.
Reason for the trading strategy
Despite the fact that yesterday Greece repaid 450 million euros to the IMF, the single European currency continued to decline. The decline in the European government bond yield has put pressure on the euro against the background of the asset purchases program conducted in the euro zone. At the moment, the yield spread between the 10-year US and German government bonds is 178 percentage points, and between the same 30-year-old ones it is 196 percentage points in favor of the United States.
EURUSD, H4

 

[Exness Support]

EURUSD: consolidation below the 1.085 resistance level
EURUSD
April 24, 2015, 08:10
Buy on a level breakthrough of 1.0850 with 1.0940 target. Stop loss = 1.0800.
Reason for the trading strategy
Today, Germany's Ifo business sentiment index will be published. The indicator's growth from 107.9 to 108.5 p. expected in April can provide support for the euro. April 22, the Ministry of Economy of Germany raised its forecast for GDP growth from 1.5% to 1.8% in 2015.
EURUSD, H4

 

[Exness Support]

April 28, 2015, 08:50
Buy on a level breakthrough of 1.0925 with 1.1020 target. Stop loss = 1.0860.

Reason for the trading strategy

Yesterday, negative macroeconomic statistics for the United States were published, which put pressure on the world's reserve currency. The preliminary business activity index in the US service sector, declined from 59.2 p. to 57.8 p in April. Against the background of an insufficiently strong GDP growth, the US Federal Reserve is forced to maintain the federal funds rate at a low level.

EURUSD, H4

 

[Exness Support]

May 11, 2015, 09:49

Buy on a level breakthrough of 1.1280 with 1.1390 target. Stop loss = 1.1220.

Reason for the trading strategy

The next Eurogroup meeting will be held in Brussels today; the issue of Greece's debt will be discussed

there. If the EU gives Greece a loan of 7 billion euro, the EUR/USD pair could rise significantly.

EURUSD, H4

 

[Exness Support]

EURUSD: consolidation higher than 1.1132 support level

EURUSD
May 12, 2015, 09:16
Sell on a level breakthrough of 1.1132 with 1.1068 target. Stop loss = 1.1182.

Reason for the trading strategy

At a press conference, after the Eurogroup meeting, Yanis Varoufakis said that the issue of liquidity is a pressing one for the Greek economy and should be resolved within two weeks. According to the Greek Minister of Finance, an agreement to provide Greece with another loan can be achieved in the next few days. The euro continues to consolidate against the background of continuing uncertainty.


EURUSD, H1

 

[Exness Support]

The European economic statistics supports the euro

EURUSD
May 13, 2015, 08:50
Buy on a level breakthrough of 1.1280 with 1.1390 target. Stop loss = 1.1230.

Reason for the trading strategy

If in the near future, the ECB increases funding for Greek banks in the framework of the Emergency liquidity assistance program (ELA), demand for the euro will rise. The euro is currently close to the 1.1280 level after the publication of generally favorable economic statistics for Germany and France. GDP in France increased by 0.6% (q/q) in Q1 2015, with a forecast of 0.4% (q/q). A similar figure in Germany was below expectations, reaching +0.3% (q/q). However, in April, inflation in Germany was higher than the expected figure of +0.5% (y/y). At 9.00 GMT, it is worth paying attention to the data on the eurozone's industrial production and GDP.


EURUSD, H4

 

[Exness Support]

EURUSD
May 18, 2015, 09:33
Buy on a breakthrough level of 1.1466 with 1.1530 target. Stop loss = 1.1406.

Reason for the trading strategy

In April, the volume of industrial production in the US declined by 0.3% (m / m), while the US consumer confidence index declined from 95.9 p. to p to 88.6 in May. The data reflect a contraction of the real sector of the US economy and reduced consumer activity among American households. Against this background, the US Federal Reserve is unlikely to make a decision quickly to Increase the country's key interest rate. The single European currency, taking advantage of the weakness of the US dollar, may soon test the 1,153 level.


EURUSD, H1

 

[Exness Support]

EURUSD: consolidation around the 1.1275 support level

EURUSD
Mag. 19, 2015, 08:42
Sell on a level breakthrough of 1.1275 with 1.1131 target. Stop loss = 1.1325.

Reason for the trading strategy

The uncertainty about the Greek debt restructuring has led investors to sell the single European currency. Today, it is worth paying attention to the ZEW eurozone's business sentiment index and the eurozone trade balance data.



EURUSD, H1