EUR/USD analysis: no hopes for Greece

EURUSD chart

The potential of a Grexit has kept the greenback on demand this Tuesday, with the American currency raising to multi-weeks highs against its European rivals. Fears that the country will run out of cash, with market rumors suggesting the...


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Two of the biggest beneficiaries of the crisis in Greece are U.S. dollar and Japanese Yen. Demand for safe haven currencies is natural in times of uncertainty but gold should ...


4 Takeaways from the July RBA Rate Decision

As expected, the Reserve Bank of Australia (RBA) decided to keep interest rates on hold at 2.00% in this week’s monetary policy announcement.

Current Trading Positions

USDCAD Order Entry SL TP
Danske Bank A/S BUY LMT @1.2630 1.2530 1.2835
EURJPY Order Entry SL TP
Danske Bank A/S SHORT LMT @135.95 136.15 133.10
CHFJPY Order Entry SL TP
Growth Aces BUY LMT @128.90 128.00 131.90
XAUUSD Order Entry SL TP
Independent Analyst LONG LMT >1178.00 1175.00 1188.00
Independent Analyst SHORT LMT <1170.00 1173.00 1165.00

EUR/USD seen below 1.1000 next week; USD/JPY targets June highs

Pair Average levels
1 Week 1 Month 1 Quarter
EURUSD 1.0991 1.0874 1.0733
GBPUSD 1.5619 1.5468 1.5260
USDJPY 122.66 124.45 124.59
USDCHF 0.9419 0.9499 0.9824
AUDUSD 0.7510 0.7533 0.7464
Pair Average levels
1 Week 1 Month 1 Quarter
USDCAD 1.2626 1.2669 1.2703
NZDUSD 0.6598 0.6713 0.6799
GBPJPY 191.92 191.87 190.71
EURJPY 135.68 134.58 132.19
EURGBP 0.7047 0.7019 0.6944

Greece is too heavy for the Euro: FXpoll expect the EUR/USD to fall below 1.1000 next week.

GBP/USD sideways and then a fall: the GBP/USD will trade sideways next week before resuming its downtrend towards 1.5200.

No more drops in USD/JPY: The Dollar is expected to recover ground toward June highs.

AUD/USD sideways: The FXpoll doesn't expect too much action for the AUD/USD; seen at 0.7500 in three months.

EUR/JPY weak euro plus safe yen: The pair will trend down in the 3-month window. Target is at 132.00 area.

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FTA CourseGus Farrow in the Live Analysis Room: It's time to go to the University again, but this time for Forex.

Most Traded Pairs Now

Pair Price Hour Day Week Month
USDJPY 122.54 0.00 -0.11 0.03 -1.56
USDCAD 1.2721 0.04 0.47 1.81 2.50
GBPUSD 1.5463 0.02 -0.87 -1.60 0.75
AUDUSD 0.7455 0.00 -0.27 -3.28 -3.23
EURUSD 1.1008 0.00 -0.36 -1.17 -2.52

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