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EUR Trading Outlook (17-04-2014)

AUD/USD: Pivot at 0.9325. Support at 0.9325, 0.9290 and 0.9250. Resistances at 0.9425, 0.9460 and 0.9495. Range trading still in play, for AUD bears, a break of 0.9325 is needed for more confirmation on the downside.

EUR/USD: Decent industrial production data helped the EUR/USD rally, however push was limited by the 200 HMA at 1.3808ish despite repeated attempts lower. Liquidity is drying up as the holiday weekend approaches and as most traders don’t find EUR all that compelling right here.

Back to EUR Trading Outlook Archive

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