EUR Trading Outlook Archive

EUR/USD The pair pierced the 10-DMA and pressed 1.0800 in Europe’s morning but bears ran out of steam. The USD began a broad based slide & EUR/USD rallied towards 1.0830 into NY’s open. Bull pressure remains for most of NY as EUR was noticeably firm… Read more

EUR/USD Europe managed to break 1.1050 early in their morning but the gains couldn’t hold. EUR/USD slid from the 1.1052 high as the USD rebounded from its massive sell-off and talk of some sovereign selling helped have the pair near 1.1010 into NY’s open. The… Read more

EUR/USD Above f/c March German IFO had the pair bid in Europe’s morning. The pair lifted towards 1.0980 into NY’s open. The lift was aided by general USD weakness. NY added to the gains after ECB’s Praet noted QE has helped inflation expectations re-anchor and… Read more

EUR/USD Short covering in Europe had the pair pressing 1.1000/10 resistance for most of their morning. NY walked in with the pair just below 1.10 and feeling firm. The US CPI was slightly above f/c This pressured the pair below 1.0940 initially. Dip buyers emerged… Read more

EUR/USD The rally in Europe inspired by the Fed’s Mester’s tip for plenty of room to use easing tools persisted in early NY. The USD was on its heels as US bond yields were on the soft side. EUR/USD sat near 1.0900 into the open… Read more

EUR/USD Early NY echoed Europe’s quiet morning but the stillness didn’t last very long. NY walked in with EUR/USD just below 1.0700. A sharp drop in USD/JPY and US bond yields initiated a round of broad based USD sales. EUR/USD lifted from the open and… Read more

EUR/USD The correction off the post-FOMC high continued through Europe & NY trading. Bears pressed EUR/USD below the 200-HMA before a bounce towards 1.0740 took hold into NY’s open. The rally was sold though as the USD’s recovery proceeded and US bond yields put in… Read more

EUR/USD Activity in early NY was limited. The market ignored an early widening of DE-US yield spread and broad based USD weakness as EUR/USD lingered near the 1.0600 area. Late in Europe’s morning a large swoon in the USD finally saw EUR/USD come to lift…. Read more

EUR/USD Short covering in Europe had EUR/USD test above 1.0620. A brief dip just before NY’s open was bought though and the pair was firm as NY got going. The USD softened a bit on weak housing data and EUR/USD’s lift progressed. CTA & reserve… Read more

EUR/USD Short covering in Europe had the pair test near 1.0650 before pulling back below 1.0600 into NY’s open. NY bid the pair up early as shorts bought the dip. The lift got an added boost after US retail sales missed big and prior sales… Read more