EUR Trading Outlook Archive

The Euro (EUR) tested 1.3500 in the European session but failed at the key resistance and pulled back into the US FOMC statement and extended the pullback afterwards when the Dollar rallied. German ZEW survey improved at 4.3 vs. 1.8 previously. EUR/USD traded with a… Read more

The Euro (EUR) the Euro led the pack higher rising steadily all day for a 200 pip gain. The move began in Europe when stocks moved higher and accelerated on the US rating news. EUR/USD traded with a low of 1.3181 and a high of… Read more

The Euro (EUR) The Euro struggled to rally as the ECB fought internally over the size of the bailout fund and on whether the Eurozone can issue joint Eurobonds. Concerns over Peripheral bond markets still exist with Portugal and Spain the major focus. EUR/USD traded… Read more

The Euro (EUR) fell from day highs above 1.3300 after Ireland was downgraded by Fitch and Standard &amp Poors. The market slid below 1.3200 but when US stocks remained supported by strong data the Euro bounced back to the mid 1.3200 region. EUR/USD traded with… Read more

The Euro (EUR) tested support under 1.3200 before recovering and stabilizing in the lower 1.3200 region. EUR/JPY was able to edge higher as the Yen silently remains under pressure due to increasing US yields and ongoing Korean concerns. October German Industrial Production gains 2.9% vs…. Read more

The Euro (EUR) reacted to the Dollar strength and weakness hitting day highs in Europe before reversing sharply in the US session prompting some technical analysts call for another test of 1.3000 in coming days. German October Industrial Orders came in at 1.6% vs. -4%… Read more

The Euro (EUR) was not helped at the start of the European session by the downgrade of Hungary&rsquo s credit rating or by disagreements within the EU in regards to the expansion of the Bailout fund. Support was found at 1.3250 before recovering in the… Read more

The Euro (EUR) surged back above 1.3400 to complete a 400 point rally from sub 1.3000 levels earlier in the week. October Retail Sales gained 0.5% vs. -0.2% previously. The strong rally in the Euro off lows does not reflect Eurozone strength but is a… Read more

The Euro (EUR) was strong after talk in the market that the ECB was buying Portuguese bonds aggressively and the ECB announced it was delaying his exit from emergency liquidity after they held rates at 1.0%. EUR/USD traded with a low of 1.3059 and a… Read more

The Euro (EUR) rebounded aggressively after reclaiming the 1.3000 handle in the Asian session on talk in the market that the ECB may have a new aggressive plan to deal with the Debt contagion threat. Also supporting was talk the US would support an expanded… Read more