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EURUSD is breaking above the ceiling at the 1.1372-86 area. The move above spent 8 hours.. The pair has been consolidating over 7 or so days until the extension higher today. *The move back below the ceiling is a disappointment. Is that it? Is that all the market could do? Was that your best shot?

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There won't be a grace period for Greece if it fails to repay the IMF on June 30: media reports suggested the ECB has called for an emergency meeting to discuss the Greek ELA. This could be an indication that the persistent political impasse and the intensifying deposit flight have forced the ECB to reconsider…

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W1 price was located between 200 period SMA and 100 period SMA for the primary bullish with secondary ranging market condition. The price broke 100 SMA from below to above two weeks ago with 200 SMA located far below the price, and stopped near 141.05 resistance level for now for the bullish to be continuing:

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"Despite a dovish market reaction to this week’s FOMC statement, the Fed’s message remains focused on data dependency, and our economists continue to believe that conditions will be met for policy tightening to start in September. Accordingly, markets should remain focused on upcoming US economic releases."

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Daily price is on primary bullish with the secondary ranging between 1.1436 resistance level and 1.1150 support level which was started on close daily bar in the beginning of this month. The price is located above Ichimoku cloud/kumo for primary bullish with Chinkou Span line to be crossed with the price from above to below…

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EUR/USD continues to grind higher as Greece continues to dominate the headlines. "The main focus was the June Fed meeting where early year expectations of a hike this month now feel a long time ago. There was speculation that Yellen shifted her 2015 dot lower, although as our US economist noted it is hard to…

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"You could be forgiven for thinking that the biggest driver of the EUR/USD rate is not Greek debt talks, but the pricing of the December 2016 Fed Funds futures contract. This closed on Friday at 1.02%, the lowest level since mid-May."

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W1 price is located above 200 period SMA and 100 period SMA for the primary bullish with secondary ranging between 38.2% Fibo support level at 94.27 and Fibo resistance level at 97.30: If the price will break 38.2% Fibo support level at 94.27 together with 100 period SMA so we may see the ranging correctional…

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