Start Trading Now Get Started
Table of Contents
Affiliate Disclosure
Affiliate Disclosure DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

EUR/USD: July 2015 Forecast - 29 June 2015

By Christopher Lewis
Christopher Lewis has been trading Forex and has over 20 years experience in financial markets. Chris has been a regular contributor to Daily Forex since the early days of the site. He writes about Forex for several online publications, including FX Empire, Investing.com, and his own site, aptly named The Trader Guy. Chris favours technical analysis methods to identify his trades and likes to trade equity indices and commodities as well as Forex. He favours a longer-term trading style, and his trades often last for days or weeks.

The EUR/USD pair spent most of the month going higher during June, but as you can see on the chart the last week fell back as the Euro cools off a little bit. The European Union continues to be an area that has a lot of issues, especially when it comes to Greece. However, in the end I believe that we are trying to build up enough momentum to break out to the upside. I still believe that the 1.15 level is massive in its implications, and as a result if we can break above there I believe that we will more than likely head towards the 1.25 level next. I also believe at that point in time the trend will have changed, and the Euro would be a currency that owning it becomes possible again.

I believe that the issues in Greece will pass yet again, and eventually we will either get some type of deal, or a short-term fix of that will have traders by and the EUR/USD pair yet again. I also have an up trending line on the chart that shows that the buyers have been very active, and at this point in time even if that gets broken, I still think there is massive support below.

The 1.10 level is massive

I believe that the 1.10 level below is of course massive in its implications, as it should be essentially the “floor” in this market. Because of this, I think that buying pullbacks should be the way going forward, just as the aforementioned break out above the 1.15 level would be also. Quite frankly this is a marketplace that has very few people left to sell, as all of the money has been made by the sellers by now. Truthfully this point in time you have to wonder who’s left to sell this market? Ultimately though, we may get a bit of choppiness this month, as it is the middle of the summer. However, I do believe that we more than likely have seen the bottom.

EURUSD Week

Christopher Lewis
Christopher Lewis has been trading Forex and has over 20 years experience in financial markets. Chris has been a regular contributor to Daily Forex since the early days of the site. He writes about Forex for several online publications, including FX Empire, Investing.com, and his own site, aptly named The Trader Guy. Chris favours technical analysis methods to identify his trades and likes to trade equity indices and commodities as well as Forex. He favours a longer-term trading style, and his trades often last for days or weeks.

Most Visited Forex Broker Reviews