EUR Trading Outlook (09-04-2014)

AUD/USD: With the AUD above the 61.8 Fib of 0.9758-0.8660 & day/week RSIs still providing positive momentum bulls are gaining confidence. They will be targeting late November high near 0.9450. A possible 0.9400 barrier & the looming OZ jobs report may temper the rally’s pace but for now it looks set to persist.

EUR/USD: The pair rallied on the back of USD weakness from 1.3741 open to a high of 1.3811. Intra day stops and options expires at 1.3750 & 1.3800 helped the pair pushed higher in NY session. However, offshore EUR/USD offers ahead of the 21-DMA helped cap the rally. ECB comments from last left the door opened for unconventional measures but needed more confirmation.

Back to EUR Trading Outlook Archive

join THOUSANDS OF other people
who trade with easymarkets

Two minutes is all it takes.

You're almost there!

Finish your application and start trading today.

DON'T MISS A TRADING OPPORTUNITY

Two minutes is all it takes.