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EUR/USD: Vigorous bounce off 1.11 aimed to fill gap down

EURUSD chart

Euro's slide accelerated to make a fresh 12-year low just a few pips below 1.11 before a vigorous bounce to 1.1180. According to the latest counting - around 80% of the voted have been counted so far - Syriza is projected to win 149 seats, just two short of an absolute majority, with outgoing Prime Minister Antonis Samaras already admitting defeat, calling Syriza's...

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Dollar recoups its crown, EUR to plummet below 1.10

Pair Average levels
1 Week 1 Month 1 Quarter
EURUSD 1.1172 1.1176 1.1145
GBPUSD 1.4943 1.4669 1.4896
USDJPY 117.50 117.65 120.01
USDCHF 0.8815 0.8866 0.9062
AUDUSD 0.7879 0.7854 0.7769
Pair Average levels
1 Week 1 Month 1 Quarter
USDCAD 1.2479 1.2476 1.2512
NZDUSD 0.7406 0.7424 0.7367
GBPJPY 175.77 170.49 175.77
EURJPY 130.46 130.80 131.95
EURGBP 0.7406 0.7346 0.7423

EUR/USD pricing in further falls: investors no longer see 1.10 as a final objective, with targets as low as 1.0600 seen for this quarter.

GBP/USD bears gain track after 1.50 capitulated: investors now favor the downside, with the pair expected to fall towards 1.4600 in a month.

USD/JPY 120.00 still possible despite the lack of momentum: investors hold to their sideways to bullish positions in the pair once more.

AUD/USD bearish momentum accelerates: Aussie lost its charm alongside with the 0.8000 level, seen bearish from now on.

EUR/JPY all the way down: EUR weakness to dominate the cross, seen at 130.00 and below in this upcoming 3 months.

Analysis

Editor’s eye on FX

Valeria Bednarik – Greece’s radical-left takes over Parliament, EUR poised to extend its decline


EUR/USD: no relief for Europe by FXStreet

Aussies downward spiral continues below 0.80 U.S cents by OZForex

Will disinflation sway the Fed? by Lloyds Bank

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Official Interest Rates

US: 0.25% EMU: 0.05% UK: 0.5% JP: 0.1% CH: -0.75% CA: 0.75% AU: 2.5% NZ: 3.5%

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Current Trading Positions

EURUSD Order Entry SL TP
DeltaStock.com SELL MKT @1.1295 1.1380 1.1180
USDJPY Order Entry SL TP
Growth Aces SELL LMT @119.20 120.00 116.60
DeltaStock.com BUY LMT @117.40 117.00 119.80
USDCAD Order Entry SL TP
Growth Aces BUY LMT @1.2270 1.2170 1.2720

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