EUR Trading Outlook Archive

EUR/USD The pair’s relief rally went a bit further in the NY session. Traders fears of disappointment from the Fed in the form of dovish rhetoric increased and soft US durable goods orders softened the USD. EUR/USD lifted from the 1.1260 area and hit a… Read more

EUR/USD Tight ranges held in Europe’s morning but NY began the session by applying bull pressure on broad USD weakness and speculation that the ECB will disappoint tomorrow. The pair rallied to the 1.1640/50 area before spec and reserve manager offers pushed the pair a… Read more

EUR/USD The pair held to a relatively tight range for Europe & NY but EUR/USD did lean a bit bearish for both sessions. Europe dropped the pair from the 1.1615 area towards 1.1575 as NY got going. JPY weakness in early NY pushed EUR/JPY towards… Read more

EUR/USD The ECJ ruling on the OMT program sank EUR/USD in Europe’s morning to hit a low of 1.1728. Short covering had it near 1.1760 into NY’s open and just slightly highs into retail sales. The big miss and downward revisions to prior sales data… Read more

EUR/USD The EUR was broadly offered against the majors today. This saw EUR/USD trade heavy and threaten the 1.1750 level but it was unable to do so. IT held to a 1.1753/1.1800 range for NY and it sat nearer to the low end late in… Read more

EUR/USD Tight ranges held in Europe and the pair sat just below 1.1820 hourly resistance into the US jobs report. Wild swings ensued after the release. The above f/c NFP saw the pair spike down initially but the average hourly earnings miss was noted and… Read more

EUR/USD Below f/c Dec Ez CPI weighed in Europe. Further weight came from USD strength. This saw EUR/USD slide from 1.1897 towards 1.1820 into NY’s open. An early bounce met sellers as US bond yield recouped some Jan 6 losses & the USD held its… Read more

EUR/USD An early European attempt to break Asia’s high failed & EUR/USD dipped to 1.2414 ahead of the TLTRO. The 129bln reported was near expectations & EUR/USD bounced near 1.2465 into NY’s open. Early NY saw bear charge as the USD was firm. The pair… Read more

EUR/USD The pair held to a relatively tight range in Europe. The top was contained by offers near 1.2400 while the base was defined by bids near the 200-HMA. The pair sat just above 1.2370 into NY’s open. Early action saw bulls apply pressure as… Read more

EUR/USD Broad based USD weakness in Europe’s morning saw EUR/USD’s short squeeze from Dec 8 persist a bit further. The rally, seemingly driven more by positioning than anything else, lift from below 1.2320 towards 1.2355 into NY’s open. Shorts pushed the pair again in early… Read more