Daily Trading Signals by Exness - EUR/USD

[Exness Support]

The euro may gain a foothold above the level of $1.15 in the short term

EURUSD
Aug. 24, 2015, 09:15
Buy on a level breakthrough of 1.1496 with 1.1650 target. Stop loss = 1.1440.

Reason for the trading strategy

Investors buy the euro as a funding currency, withdrawing money from the shares. The growth of the euro is also associated with the low probability of an increase in the key interest rate in the United States in September. On a resistance level breakthrough of 1.1496, opening long positions in the EUR/USD pair is worth considering.


EURUSD, Daily

 

[Exness Support]

EURUSD: under pressure after the publication of the industrial production data in Germany

EURUSD
Sept. 7, 2015, 09:41
Sell on a level breakthrough of 1.1087 with 1.1018 target. Stop loss = 1.1140.

Reason for the trading strategy

In July, the volume of industrial production in Germany increased by 0.7% (m/m), being lower than the expected 1.0% (m/m). However, the annualized rate increased by 0.5% against the forecast of 0.3%. The data put little pressure on the euro. From a technical point of view, the euro's exit beyond the range of 1,1087-1,1171 will signal the opening of the respective positions.



EURUSD, H1

 

[Exness Support]

EURUSD: under pressure before the publication of the weekly statistics on the US labor market

EURUSD
Sept. 10, 2015, 11:01
Sell on a level breakthrough of 1.1087 with 1.1018 target. Stop loss = 1.1137.

Reason for the trading strategy

Today, the weekly publication of statistics on the US labor market may put pressure on the euro. The number of initial jobless claims in the US is likely to have decreased from 282 thousand to 279 thousand last week.


EURUSD, H4

 

[Exness Support]

EURUSD: consolidation below the 1.1363 level

EURUSD
Sept. 17, 2015, 10:19
Buy on a level breakthrough of 1.1363 with 1.1450 target. Stop loss = 1.1300.

Reason for the trading strategy

Over the last month the yield spread between 10-year US and German US bonds decreased by 3 bps to 1.50%, contributing to a growth of the euro from $1.11 to 1.13 dollars. If today's rhetoric put forward by J.Yellen is soft, the EUR/USD pair could rise above the 1.1363 level.


EURUSD, H4

 

[Exness Support]

The euro is being actively restored

EURUSD
Sept. 24, 2015, 09:18
Buy on a level breakthrough of 1.1213 with 1.1280 target. Stop loss = 1.1163.

Reason for the trading strategy

Yesterday M.Draghi announced that the ECB would adjust the volume, composition and duration of the bond purchases if necessary. According to the other members of the ECB, the regulator is unlikely to announce additional measures at the meeting of the next month. These expectations are supporting the euro.

EURUSD,H4

 

[Exness Support]

EURUSD: under pressure before the publication of the Consumer Price Index in the euro zone

EURUSD
Sept. 30, 2015, 08:44
Sell on a level breakthrough of 1.1193 with 1.1100 target. Stop loss = 1.1243.

Reason for the trading strategy

Today, attention should be paid to the publication of the preliminary Consumer Price Index in the euro zone. A possible reduction of inflation from 0.1% (y/y) to 0% (y/y) will intensify the expectations of an expansion of the asset purchases program by the ECB and put pressure on the euro.

EURUSD, H1

 

[Exness Support]

EURUSD: consolidation below the level of 1.1388

EURUSD
Oct. 12, 2015, 09:46
Buy on a level breakthrough of 1.1388 with 1.1450 target. Stop loss = 1.1338.

Reason for the trading strategy

No significant macroeconomic statistics for the Eurozone and US is expected to be published today. In the evening, attention should be paid to the speeches given by the members of the US Federal Reserve Charles Evans and Lael Brainard. From a technical point of view, buying the euro should be considered above the level of $1.1388.

EURUSD, H4

 

[Exness Support]

EURUSD: growth against the background of falling retail sales in the US

EURUSD
Oct. 15, 2015, 09:18
Buy on a level breakthrough of 1.1500 with 1.1560 target. Stop loss = 1.1450.

Reason for the trading strategy

The weakness of the US dollar in the international currency market provides substantial support for the EUR/USD pair. The statistics on retail sales in the US published in September was worse than expected and signaled an insufficiently strong growth in consumer spending of US households. In September, the US retail sales increased by 0.1% (m/m), with a forecast of 0.2% (m/m). At the same time, the August data was revised downward from 0.2% (m/m) to 0.0% (m/m).

EURUSD,Daily

 

[Exness Support]

EURUSD: consolidation higher than the level of 1.1304

EURUSD
Oct. 21, 2015, 09:46
Sell on a level breakthrough of 1.1304 with 1.1238 target. Stop loss = 1.1354.

Reason for the trading strategy

No significant macroeconomic statistics for the Eurozone is expected to be published today. Before the ECB meeting tomorrow, market participants take a neutral stance on the euro. Any hints from M.Draghi regarding the possible expansion of the purchases program in the Eurozone could trigger a sharp depreciation of the euro.

EURUSD, H4

 

[Exness Support]

There are risks of the euro declining to the level of $1.1

EURUSD
Oct. 23, 2015, 08:47
Sell on a level breakthrough of 1.1071 with 1.1000 target. Stop loss = 1.1121.

Reason for the trading strategy

M.Draghi's statement that the asset purchases in the Eurozone will continue until September 2016 or longer if required put pressure on the German bond yields and provoked the decline in the EUR/USD pair to the mark of 1.1071. In the short term we allow for it to test the level of 1.1. Risks of a slowdown in GDP growth and inflation in the Eurozone are a concern for the head of the ECB. Mario Draghi said that the ECB's Governing Council discussed a number of monetary policy instruments, which could be used if necessary. In particular, they discussed the possibility of reducing interest rates on deposits, which now stands at -0.2%.

EURUSD, Daily

 

[Exness Support]

EURUSD: growth before the publication of the business activity index in the US manufacturing sector

EURUSD
Nov. 2, 2015, 10:03
Buy on a level breakthrough of 1.1041 with 1.1095 target. Stop loss = 1.0990.

Reason for the trading strategy

Today, attention should be paid to the ISM publication of the business activity index in the US manufacturing sector. The indicator's possible decline from 50.2 p. to 50 p. will put pressure on the world's reserve currency. In the short term, the USDCAD pair is likely to test the level of 1.1095.

EURUSD, H4

 

[Exness Support]

EURUSD: consolidation before the publication of the weekly data on the US labor market for October

EURUSD
Nov. 6, 2015, 08:54
Sell on a level breakthrough of 1.0834 with 1.0750 target. Stop loss = 1.0884.

Reason for the trading strategy

Today, the publication of data on the US labor market will be an important economic event in October. If the US economy creates less than 200 thousand new jobs during this period, and the September employment data is not revised upwards, the US dollar will decline and the euro will be adjusted to the level of $1.1. The opposite scenario is proposed by the EUR/USD pair breaking through the support level of 1.0834.

EURUSD, H4

 

[Exness Support]

EURUSD: adjustment from the level of 1.0705

EURUSD
Nov. 9, 2015, 09:45
Sell on a level breakthrough of 1.0705 with 1.0650 target. Stop loss = 1.0755.

Reason for the trading strategy

The EUR/USD pair tested the mark of 1.0705 last Friday. The strong US labor market data for October put pressure on it. The number of jobs in the non-agricultural sectors of the economy grew by 271 thousand, with a forecast of a growth by 184 thousand jobs. The unemployment in the USA reached 5%, with a forecast of 5.1%.
https://twitter.com/Exness_Support/status/663677280632205312

EURUSD, H4

 

[Exness Support]

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

EURUSD
Nov. 19, 2015, 09:05
Buy on a level breakthrough of 1.0717 with 1.0830 target. Stop loss = 1.0650.

Reason for the trading strategy

The US Federal Reserve minutes for October confirmed the regulator's readiness to increase the rates in December. Investors use the almost accomplished fact as the cause for fixing the long positions on the US dollar. At the moment, the futures indicate a 68% probability of its increase in December.
https://twitter.com/Exness_Support/status/667333360151236608

EURUSD, H1

 

[Exness Support]

EURUSD: consolidation below the level of 1.0763

EURUSD
Nov. 20, 2015, 09:25
Buy on a level breakthrough of 1.0763 with 1.0830 target. Stop loss = 1.0713.

Reason for the trading strategy

The EUR/USD is trying to grow, focusing on the positive balance of payments statistics for the Eurozone, which increased from 18.7 billion to 29.4 billion euros in September. The cheap euro helps to enhance the European products' attractiveness in the international markets. https://twitter.com/Exness_Support/status/667639849227190272

EURUSD, H1