9 Jul 2015
Greece + Forex: EUR/USD fails at 1.1100, now focus on 1.0820 – FXStreet
FXStreet (Barcelona) - Dale Pinkert in the FXStreet Live Analysis Room, discusses about the key developments and outlook for Forex majors.
Key Quotes
“Turnaround Thursday in global stocks as Wall Street and European Stocks market are following the rebound in China stocks. However, worries persists about the China economy and a possible China stock crash. Investors are awaiting for a Greece proposal that would allow Tsipras and Merkel to have a EU Greece deal.”
“The EUR/USD failed above 1.1100 and it fell to 1.1025 earlier today; target to the downside is the 1.0820 level. The USD/JPY bounced off 120.50 to current 121.50 as forecasted yesterday by the Live Analysis Room. The pair needs to pierce above 122.00-122.50 to have a bull case of retesting the highs at 125.50 or even achieving the bulls objective of 128.00.”
“GBP/USD is fighting for the 1.5400 area; while the USD/CAD fell to test 1.2685 lows. Oil and gold are trading positive on the day.”
Key Quotes
“Turnaround Thursday in global stocks as Wall Street and European Stocks market are following the rebound in China stocks. However, worries persists about the China economy and a possible China stock crash. Investors are awaiting for a Greece proposal that would allow Tsipras and Merkel to have a EU Greece deal.”
“The EUR/USD failed above 1.1100 and it fell to 1.1025 earlier today; target to the downside is the 1.0820 level. The USD/JPY bounced off 120.50 to current 121.50 as forecasted yesterday by the Live Analysis Room. The pair needs to pierce above 122.00-122.50 to have a bull case of retesting the highs at 125.50 or even achieving the bulls objective of 128.00.”
“GBP/USD is fighting for the 1.5400 area; while the USD/CAD fell to test 1.2685 lows. Oil and gold are trading positive on the day.”