Written By : ForexAbode.com || Monday, 13 July 2015 04:57 GMT

EUR/USD Daily Analysis - July 13, 2015

Current Exchange Rate: 1.1075 at the time of analysis update.

Intraday overall outlook:  Bearish outlook for EUR/USD.

Today was the third time when EUR/USD failed to break over 200-day moving average once again. In fact since June 4th this resistance level is proving to be critical as the breakout in-between had failed to sustain. The sentiments remain bearish. We expect further decline towards 1.1030. 
 
On the downside a break below 1.1020 to 1.0993 will be critical and such a move should lead the way towards 1.0954 first and any break of that should take the pair to test 1.0887/1.0900 support first. If this support also fails then the next target should be 1.0820 to 1.0840 support zone.
 
On the upside any break over 1.1140 will be the first indication for a short-term consolidation. However, a stronger indication of a short-term bottom in place will only come with any break over 1.1197 to 1.1216 resistance zone.
 
From the longer-term perspective we are not ignoring the possibilities of the decline towards 1.0660 to 1.0680 zone.
 
 
Do also check all updates of EUR/USD analysis and outlook
 

EUR/USD Daily and Hourly Charts

EUR/USD Hourly Chart      

EUR/USD hourly chart -July 13, 2015

EUR/USD Daily Chart      

EUR/USD daily chart - July 13, 2015

 

Eur/USD finds resistance at 200 day SMA level for the third time.

 

EUR/USD Interest Rate Comparison
(For Carry Trade)
Euro (EUR) interest rate
0.50%
US dollar (USD) interest rate
0.10%
EUR/USD interest Rate Comparison
0.40%

EUR/USD Resistance and Support with Daily Pivot Points (Values at GMT 00:00)

Last Updated (Tuesday, 14 July 2015 01:12) GMT

Standard Pivot Point for EUR/USD Fibonacci Pivot Point for EUR/USD Woodie Pivot Point for EUR/USD Camarilla Pivot Point for EUR/USD
R3 1.1346 R3 1.1271     R3 1.1047
R2 1.1271 R2 1.1189 R2 1.1255 R2 1.1028
R1 1.113 R1 1.1138 R1 1.1096 R1 1.1008
Pivot 1.1055 Pivot 1.1055 Pivot 1.1039 Pivot 1.1055
S1 1.0914 S1 1.0973 S1 1.088 S1 1.0968
S2 1.0839 S2 1.0922 S2 1.0823 S2 1.0948
S3 1.0698 S3 1.0839     S3 1.0929
Open 1.1129 Open 1.1129 Open 1.1129 Open 1.1129
High 1.1197 High 1.1197 High 1.1197 High 1.1197
Low 1.0981 Low 1.0981 Low 1.0981 Low 1.0981
Close 1.0988 Close 1.0988 Close 1.0988 Close 1.0988

EUR/USD's Correlations with other currency majors

EUR/USD Correlation Values:
 
EUR /USD
P
e
r
i
o
d
E
U
R
/
U
S
D
AUD
/USD
EUR
/CHF
EUR
/GBP
EUR
/JPY
GBP
/USD
NZD
/USD
USD
/CAD
USD
/CHF
USD
/JPY
1
W
e
e
k
1 0.78 0.28 0.82 0.51 0.77 0.54 -0.28 -0.89 0.02
1
M
o
n
t
h
1 -0.66 -0.65 0.24 0.15 0.36 0.78 -0.8 -0.96 -0.63
1
Y
e
a
r
1 0.22 -0.67 -0.71 0.9 0.9 0.85 0.55 -0.99 0.69

EUR/USD Correlation Graph:
 
0.78
   
0.22
   
 
0.28
   
-0.67
   
 
0.82
   
-0.71
   
 
0.51
   
0.9
   
 
0.77
   
0.9
   
 
0.54
   
0.85
   
 
-0.28
   
0.55
   
 
-0.89
   
-0.99
   
 
0.02
   
0.69
   
   
0.78
   
0.22
 
   
0.28
   
0.67
 
   
0.82
   
0.71
 
   
0.51
   
0.9
 
   
0.77
   
0.9
 
   
0.54
   
0.85
 
   
0.28
   
0.55
 
   
0.89
   
0.99
 
   
0.02
   
0.69

Notes and caution about Forex analysis for EUR/USD

The daily EUR/USD analysis is not just based on technical indicators but also takes into account the overall price action and other aspects which can affect the Forex market in general and EUR/USD price action specifically. Please also note that many times the price mentioned at the time of analysis update maybe different than the entry level suggested. These positions would mean limit orders for buying or short-selling. Hence please do not treat this analysis just as trading signals for EUR/USD.

However, please note that the analysis reflects our views about the currency market based various factors. Forex trading is a speculative market and the price may always have unpredictable moves. We cannot take the responsibility for any losses dues to and positions taken based on our views.

Please check the Current EUR/USD Exchange Rate.

Forex Trading Alerts subscription


Name:
Email:
Confirm Email:
7+14

We will send email alerts as soon as the Forex analysis is updated.
Request you to check the Junk (spam mail) folder immediately in case Google group mail is not received in Inbox.

Enter Forexabode Blog

Enter Forex Abode Community

Forex Rates