{"id":11027,"date":"2010-07-12T12:12:39","date_gmt":"2010-07-12T16:12:39","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=11027"},"modified":"2010-07-12T12:12:39","modified_gmt":"2010-07-12T16:12:39","slug":"eurusd-moves-lower-towards-1-25","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/07\/12\/eurusd-moves-lower-towards-1-25\/","title":{"rendered":"EUR\/USD Moves Lower Towards 1.25"},"content":{"rendered":"

By Fast Brokers <\/strong>– The EUR\/USD is extending Friday\u2019s pullback and the currency pair is trying to bottom above its psychological 1.25 level as EU finance ministers meet to discuss their plans for revealing stress test results at the end of the month.\u00a0 Details of the stress test are still vague, leaving investors a bit on edge ahead of the release.\u00a0 The EUR\/USD has responded by pulling back from monthly highs, though losses have been contained thus far.\u00a0 Meanwhile, investors also reacting to a solid trade surplus result this weekend from China.\u00a0 The figure indicates that China\u2019s export sector has fully recovered from the crisis and the Yuan is appreciating slightly in reaction to the news.\u00a0 While the trade surplus is normally a positive for the risk trade, imports revealed a decline in imports of iron ore and coal, hinting that China could be slowing.\u00a0 Either way, the number is encouraging and allows the risk trade to remain within the bounds of its near-term uptrend.\u00a0 The EU will contribute to the data wire again tomorrow by releasing economic sentiment figures.\u00a0 Investors are expecting a decline in the German ZEW to 25.2.\u00a0 Expectations for economic and investors sentiment have been lowered due to the fiscal crisis.\u00a0 That being said, if the number tops estimates this could give a solid boost to the EUR\/USD.\u00a0 Meanwhile, U.S. earnings season will be kicking off with Alcoa after the bell.\u00a0 If fiscal problems in the EU have had a large noticeably large negative impact on U.S. earnings then this could weigh on the EUR\/USD and risk trade as a whole.\u00a0 Hence, we can expect an active week as investors digest earnings and outlooks for the coming quarter.<\/p>\n

Technically speaking, the EUR\/USD faces technical barriers in the form of 7\/6 and 7\/9 highs.\u00a0 As for the downside, the EUR\/USD has supports in the form of intraday and 7\/6 lows.\u00a0 Additionally, the psychological 1.25 level could serve as a solid technical cushion should it be tested.<\/p>\n

Present Price: 1.2572
\nResistances: 1.2584, 1.2608, 1.2635, 1.2655, 1.2673, 1.2686
\nSupports:\u00a0\u00a0 1.2540, 1.2519, 1.2497, 1.2479, 1.2453, 1.2435
\nPsychological: July highs and lows, 1.25, 1.30<\/p>\n

\"\"<\/a><\/p>\n

(click chart to enlarge)<\/p>\n

Market Commentary<\/strong><\/em> provided by Fast Brokers.<\/a><\/strong><\/p>\n

Disclaimer:<\/strong> FastBrokers\u2019 market commentary is provided for information purposes only and under no circumstances should be regarded neither as an investment advice nor as a solicitation or an offer to sell\/buy any financial product. FastBrokers assumes no responsibility or liability from gains or losses incurred by the information herein contained.<\/p>\n

Risk Disclosure:<\/strong> There is a substantial risk of loss in trading futures and foreign exchange. Please carefully review all risk disclosure documents before opening an account as these financial instruments are not appropriate for all investors.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Fast Brokers – The EUR\/USD is extending Friday\u2019s pullback and the currency pair is trying to bottom above its psychological 1.25 level as EU finance ministers meet to discuss their plans for revealing stress test results at the end of the month.\u00a0 Details of the stress test are still vague, leaving investors a bit … <\/p>\n

Continue reading “EUR\/USD Moves Lower Towards 1.25”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-11027","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/11027","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=11027"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/11027\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=11027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=11027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=11027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}