EUR Trading Outlook (27-04-2015)

EUR/USD
• Weak German IFO expectations data sinks pair ahead of NY open
• NY lifts from ~1.0805/10 as US durables core data is weak
• US yields tumble & broad based USD sales follow
• EUR/USD up near 1.0890 as DE-US yield spreads tighten
• Pair lifts into daily cloud & nears 76.4 Fib of 1.103-1.0521
• RSIs biased up, more gains likely, March high eyed by s-t bulls

USD/JPY
• USDJPY falls after Core Durable Goods down for 6th straight month
• Still in broad range but no bounce; 118.30-50 support key
• Pair traded poorly all week despite strong rally in Nikkei
• Broad dollar undermined by US rate move; Fed getting squeezed out of 2015

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.