EUR Trading Outlook Archive

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

EUR/USD Those looking to sell a rally lost patience in Europe’s morning. RM and corp names came to market , hit bid and drove EUR/USD towards 1.0555 just ahead of NY’s open. Early NY saw a profit taking lift take hold. The lift accelerated a… Read more

EUR/USD Bears pushed EUR/USD below 1.0750 in Europe on fears of Greece’s ability or willingness to pay debts and broad based USD strength. NY walked in with the pair slightly off the lows. Early NY saw a lift above 1.0790 as USD/JPY fall from the… Read more

EUR/USD Europe pushed the pair slightly above 1.0900 just ahead of NY’s open on the back of ECB bond buying, yield spreads narrowing a bit and light short covering. NY applied bear pressure immediately though. Traders ignored the slide in US bond yields and instead… Read more

EUR/USD Europe didn’t wait for the US jobs data to smash EUR/USD. RM names clobbered the pair at Europe’s opening. The pair dived from the 1.1025 area towards 1.0930 into NY’s open. Some USD long covering by shorter-term RM names allowed the pair to lift… Read more

EUR/USD A tight range held in Europe’s morning as the market awaited Draghi’s presser which detailed the QE program and the ECB’s economic projections. The projections got the most impact initially as algos took control as the headlines scrolled past. The ECB upped their GDP… Read more

EUR/USD The pair was consolidating the post-EZ services PMI slide into NY’s open. The pair held just below 1.1130 as NY got going. ADP’s miss gave EUR/USD a boost but it could only reach 1.1145. When it became clear no further gains were due, those… Read more

EUR/USD Europe pushed the pair to the day’s low into NY’s open. No further losses were possible in NY though as broad based USD weakness ensued. The USD weakness was derived from soft US bond yields. EUR/USD lifted off the 1.1155 low and went on… Read more

EUR/USD Europe rallied EUR/USD near 1.1250 into NY’s open. Upon NY’s open another try higher was made but the pair could only reach 1.1241. Solid offers near old support now turned resistance in the 1.1260/70 area from corp & RM names with other offers lined… Read more

EUR/USD Light short covering in Europe saw EUR/USD lift to 1.1245. Touted offers in the 1.1250/60 zone weighed and the pair slipped a bit into NY’s open. NY made a run at the offers as well but failed as well. The better than f/c GDP… Read more