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EUR Trading Outlook (26-02-2014)

AUD/USD: The pair is still holding above the 10 DMA and consolidates near the Feb high. Traders are waiting for more data as mentioned above for further movements. Support 0.8920 and resistance at 0.9080.

EUR/USD: Overnight movements were still within the range of 1.3685-1.3780. Trader awaits for the EZ inflation report that will be released on Friday.

GBP/USD: Again, this pair remains within the range of 1.66-1.6740. Early gains from this pair was due to BOE’s comment that UK could increase interest rate in Q2 2015 and also merging/options activities which holds the cable in the higher daily range.

Back to EUR Trading Outlook Archive

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