Daily Trading Signals by Exness - EUR/USD

[Exness Support]

EURUSD: growth after the publication of the US Federal Reserve minutes

EURUSD
Mag. 21, 2015, 09:28
Buy on a level breakthrough of 1.1131 with 1.1204 target. Stop loss = 1.1071.

Reason for the trading strategy

The Federal Reserve meeting minutes for April have indicated a low probability of an increase of the US federal funds rate in June. Low growth of the US GDP in Q1 2015, inflation, which is well below the target level of 2%, and strong dollar do not allow the US Federal Reserve to proceed with a rapid tightening of monetary policy. The news is positive for the non-dollar assets.



EURUSD, H4

 

[Exness Support]

EURUSD: under pressure against the background of growing concerns about Greece

EURUSD
Mag. 25, 2015, 09:47
Sell on a level breakthrough of 1.0964 with 1.0902 target. Stop loss = 1.1014.

Reason for the trading strategy

According to Nikos Voutsis, the Minister of Internal Affairs of Greece, Greece does not have €1.6 billion it needs to repay the IMF in early June. Investors, who are awaiting the imminent Greek default and its subsequent exit from the eurozone, are selling the single European currency, and it may be premature. The ECB and the IMF (unlike Germany) have repeatedly said that there is no issue of Greece withdrawing from the eurozone.



EURUSD, H4

 

[Exness Support]

EURUSD: consolidation below the 1.0938 level

EURUSD
Mag. 28, 2015, 09:15
Buy on a level breakthrough of 1.0938 with 1.1004 target. Stop loss = 1.0880.

Reason for the trading strategy

The EUR/USD currency pair is rising, winning back A. Tsipras' statement about reaching an early agreement between Greece and its creditors. Tonight, it is worth paying attention to the weekly statistics on the US labor market. A reduction in the number of initial jobless claims in the country will limit of the EUR/USD pair growth.



EURUSD, H4

 

[Exness Support]

EURUSD: consolidation before the publication of the business activity index in the eurozone's manufacturing sector

EURUSD
June 1, 2015, 09:14
Buy on a level breakthrough of 1.1004 with 1.1065 target. Stop loss = 1.0954.

Reason for the trading strategy

Today, the final estimate of the business activity index in the eurozone's manufacturing sector for May will be published. If the index exceeds 52.3 p., the demand for the euro will rise. According M.Draghi, the QE program in the eurozone contributes to growth in the region's economy. If it weren't for the Greek problem, the dollar value of the single European currency would be significantly higher than its market price.



EURUSD, H4

 

[Exness Support]

In the short term, the euro may update its May high

EURUSD
June 4, 2015, 09:45
Buy on a level breakthrough of 1.1290 with 1.1466 target. Stop loss = 1.1240.

Reason for the trading strategy

The meeting between Jean-Claude Juncker, the Head of the European Commission, and Alexis Tsipras, the Prime Minister of Greece, dedicated to the settlement of the Greek public debt ended in Brussels. According to A.Tsipras, an agreement (in Greek terms) will be reached soon. The euro wins back the news, testing a new high. Yesterday's increase in the ECB's 2015 inflation forecast from 0 to 0.3% per annum spurred a yield on German 10-year bonds from 0.7% to 0.9%, providing additional support for the euro.


EURUSD, H4

 

[Exness Support]

EURUSD: growth against the background of an increase in the volume of industrial production in Germany

EURUSD
June 8, 2015, 09:31
Buy on a level breakthrough of 1.1166 with 1.1279 target. Stop loss = 1.1110.

Reason for the trading strategy

In April, the volume of industrial production in Germany rose by 0.9% (m/m) with a forecast of 0.6% (m/m), and the balance of trade grew from 19.3 billion to 22.3 billion euros. The data reflect a growth of investment activity in the eurozone's biggest economy, supporting the euro.



EURUSD, H1

 

[Exness Support]

EURUSD: under pressure against the background of Greece's rating decrease

EURUSD
Giu. 11, 2015, 08:21
Buy on a level breakthrough of 1.1383 with 1.1466 target. Stop loss = 1.1330.

Reason for the trading strategy

Yesterday, A. Tsipras' talks with the European leaders concluded fruitlessly. The two sides reiterated the need to intensify the negotiation process in order to prevent Greece's default. Meanwhile, S&P has downgraded Greece's credit rating from 'CCC+' to 'CCC', based on the opinion that the country will face default on its commercial debt in the next 12 months. The high yield on German 10-year bonds, which now stands at about 1%, keeps the EUR/USD currency pair away from a serious decline. From a technical point of view, opening long positions in the euro should be considered with a breakthrough of the 1,1383 resistance level.


EURUSD, H4

 

[Exness Support]

EURUSD: under pressure against the background of a growing US dollar

EURUSD
Lug. 2, 2015, 09:55
Sell on a level breakthrough of 1.1035 with 1.0951 target. Stop loss = 1.1085.

Reason for the trading strategy

Yesterday's US macroeconomic data was better than expected, supporting the dollar. The ISM business activity index in the US manufacturing sector rose from 52.8 p. to 53.5 p., the number of ADP jobs in the US private sector increased by 237 thousand. After a recent decline to 2.3%, the yield on 10-year-olds US bonds rose to 2.42%.



EURUSD, H4

 

[Exness Support]

EURUSD: collapse after the last referendum in Greece

EURUSD
Lug. 6, 2015, 09:51
Sell on a level breakthrough of 1.0951 with 1.0850 target. Stop loss = 1.1010.

Reason for the trading strategy

According to the Greek Ministry of Interior, more than 61% of Greeks voted against the international creditors' proposals. This gives A.Tsipras' team the right to uphold a more assertive position in the subsequent negotiations with the creditors. The euro responded adequately to that, as at the opening it came close to the last week's low.



EURUSD, H1

 

[Exness Support]

EURUSD: growth after the publication of the US Federal Reserve minutes

EURUSD
Lug. 9, 2015, 09:28
Buy on a level breakthrough of 1.1121 with 1.1172 target. Stop loss = 1.1070.

Reason for the trading strategy

As it follows from the June US Federal Reserve minutes, most US Federal Reserve members wanted more information before they started raising the rates. The US Federal Reserve expects the underutilized capacity to disappear by the end of 2015. However, all the US Federal Reserve members pointed out the need to see more evidence of rising inflation, which in May was + 0.0% (y/y).

EURUSD, H4

 

[Exness Support]

EURUSD: consolidation around the 1.1150 level

EURUSD
Lug. 13, 2015, 09:32
Buy on a level breakthrough of 1.1150 with 1.1250 target. Stop loss = 1.1090.

Reason for the trading strategy

After Athens presented the creditors with a new reform program, the yield on 2-year Greek bonds of Greece dropped from 57.6% to 33.9%. Market participants are hoping that a compromise between the Greek government and its creditors is reached this week, and Greece receives the long-awaited financial assistance.



EURUSD, H4

 

[Exness Support]

EURUSD: consolidation in the range of 1.0821 - 1.0856

EURUSD
July 20, 2015, 09:25
Buy on a level breakthrough of 1.0856 with 1.0907 target. Stop loss = 1.0806.

Reason for the trading strategy

In the short term, the EUR/USD pair may grow to the level of 1.0856. The threat that Greece will not pay 3.5 billion euro to the ECB was lifted today. In the next 2 years, the European investors are going to provide Greece with about 79 billion euros more.



EURUSD, H1

 

[Exness Support]

The euro is approaching the support level of $1.095

EURUSD
July 24, 2015, 09:16

Sell on a level breakthrough of 1.0950 with 1.0870 target. Stop loss = 1.1000.

Reason for the trading strategy

The US macro statistics signaled a growth of business activity in the US over the past two days. Home sales in the secondary US market grew, while the number of jobless claims fell by 26 thousand and totaled 255 thousand last week, which is the lowest figure since November 1973.



EURUSD, H4

 

[Exness Support]

In the short term, the euro may test the level of 1.1083

EURUSD
July 27, 2015, 10:10
Buy on level breakthrough of 1.1033 with 1.1083 and 1.1214 targets. Stop loss = 1.0983.

Reason for the trading strategy

The June statistics on new home sales in the United States puts pressure on the world's reserve currency. The index declined by 6.77% (m/m) to 482 thousand in the reporting period. The May figure was revised from 546 thousand to 517 thousand. houses.



EURUSD, H4

 

[Exness Support]

EURUSD: growth against the background of an increased inflation pressure in the euro zone

EURUSD
Aug. 3, 2015, 08:59
Buy on a level breakthrough of 1.1028 with 1.1115 target. Stop loss = 1.0970.

Reason for the trading strategy

The labor cost index in the US in Q2 2015 increased by 0.2% (q/q), with a forecast of 0.6% (q/q), and reflected the low inflation expectations in the United States. At the same time, market participants were happy with the inflation statistics for the euro zone. In July, the preliminary core consumer price index in the eurozone grew by 1% (y/y), being better than the expected 0.8% (y/y).

EURUSD, H4

 

[Exness Support]

EURUSD: under pressure against the background of a growing US dollar

EURUSD
Aug. 5, 2015, 09:26
Sell on a level breakthrough of 1.0809 with 1.0700 target. Stop loss = 1.0860.

Reason for the trading strategy

The EUR/USD pair declined when there were issued the data on the US factory orders, which rose by 1.8% (m/m) in June. Today, it is worth paying attention to the volume of industrial production in Italy, retail sales and business activity index in the services sector in the euro zone.

EURUSD, Daily

 

[Exness Support]

EURUSD: consolidation before the publication of the Sentix investor confidence index in the euro zone

EURUSD
Aug. 10, 2015, 09:11
Buy on a level breakthrough of 1.0986 with 1.1115 target. Stop loss = 1.0936.

Reason for the trading strategy

The July statistics on the US labor market, which turned out to be in line with the expectations, triggered profit-taking on the world's reserve currency. Today, the publication of the Sentix investor confidence index in the euro zone may support the euro. In August, the index is expected to increase from 18.5 p to 20.2 p.

EURUSD, H4

 

[Exness Support]

The Euro is approaching the level of 1.1115

Buy on a level breakthrough of 1.1115 with 1.1205 target.
Stop loss = 1.1050.
Reason for the trading strategy

The euro is rising despite a likely decline in the industrial production by 0.1% (m/m) in June. Market participants are buying it, hoping for Greece to receive a loan soon.

EURUSD, H4

 

[Exness Support]

EURUSD: under pressure against the background of profit taking

EURUSD
Aug. 17, 2015, 09:30
Sell on a level breakthrough of 1.1060 with 1.0950 target. Stop loss = 1.1110.

Reason for the trading strategy

Last weekend, the Eurozone finance ministers approved a new assistance program for Greece. The total amount of the program is 86 billion euros, including 25 billion euros for recapitalizing banks. This news made the market participants start selling the euro, taking profit. At the level breakthrough of 1.106, opening short positions in the euro should be considered.


EURUSD, H4

 

[Exness Support]

EURUSD: growth before publication of the US Federal Reserve July minutes

Buy on a level breakthrough of 1.1091 with 1.1200 target. Stop loss = 1.1041.

Reason for the trading strategy :

After the publication of statistics on the US construction sector, the yield on 10-year US bonds slightly rose, up to 2.19%, but remained close to the summer lows; and the EUR/USD pair tested the level of 1.1015. If the July US Federal Reserve meeting minutes are "soft", the demand for the world's reserve currency will fall sharply.