EUR Trading Outlook (03-03-2014)
AUD/USD: Range trade still in play, current support at 0.8880-0.8900, market will be focusing on HSBC PMI, a poor data could break through support, testing 0.8830.
EUR/USD: Once again, all focus are Ukraine & Russia issue, which led to a gap lower in Asia open to a low of 1.3753. However, a better than expected CPI from last friday helped the pair pushed above 1.3800. Major resistance at 1.3865/95, if this breaks, we will see little resistance until 1.4255.
Back to EUR Trading Outlook Archive
