EUR Trading Outlook Archive

The Euro (EUR) dipped sharply in Europe on Greek Debt restructuring fears with the talk of a 50% haircut spooking investors. The market found support on denials of such a plan and reclaimed the 1.4500 level in the US session. Overall the EUR/USD traded with… Read more

The Euro (EUR) tested resistance above 1.4500 but this was rejected and the market tracked US stocks lower in the New York session. February Industrial Production rose 0.4% vs. 0.7% forecast m/m. The Euro outlook will be closely tied with risk appetite given many markets… Read more

The Euro (EUR) reversed from day lows in Asia under 1.4400 to rally back above 1.4500 in Europe. Traders ignored the risk aversion and reacted to comments China would be supporting Spanish debt. German ZEW fell 6.5 pts to 7.6 in Apr. Overall the EUR/USD… Read more

The Euro (EUR) found heavy resistance towards 1.4500 and fell back on EUR/JPY selling and EUR/GBP selling. Consolidation and moves higher are likely but the market was overbought after strong moves higher recently and it is healthy for the uptrend to have pull backs. Overall… Read more

The Euro (EUR) in what could be described as a delayed reaction to the rate hike from the ECB on Thursday, the market surged higher towards 1.4500 key resistance. Strength was broad based with EUR/GBP breaking above 0.8800. Overall the EUR/USD traded with a low… Read more

The Euro (EUR) was surprisingly subdued even as the ECB raised rates to 1.25% with President Trichet signaling a pause for next month. Support under 1.4300 was solid and the market could push higher in coming days if sentiment remains strong. &nbsp Overall the EUR/USD… Read more

The Euro (EUR) pushed higher ahead of the eagerly anticipated ECB Meeting today with anything less than a hike going to disappoint the bulls. German Factory Orders increased 2.4% vs. 0.6% m/m previously. &nbsp Overall the EUR/USD traded with a low of 1.4227 and a… Read more

The Euro (EUR) fell to 1.4150 in Europe but reversed aggressively after the strong US stocks to close above 1.4200. The Dovish FOMC Minutes should continue to support the Euro ahead of the ECB meeting tomorrow where a raise is now consensus. Overall the EUR/USD… Read more

The Euro (EUR) kept to a small range consolidating the gains on Friday ahead of the key ECB meeting on Thursday. February PPI was still high at 6.6% y/y. Also of note was the drop in EU investor confidence to 14.2 vs. 17.1 previously. Overall… Read more

The Euro (EUR) was extremely volatile plummeting after the US data to the lower 1.4000 region before reversing above 1.4200 on strong EUR/JPY and risk appetite. February Unemployment rate fell to 9.9% vs. 10.0%. Overall the EUR/USD traded with a low of 1.4061 and a… Read more