EUR Trading Outlook Archive

EUR/USD was broadly crushed in Europe’s morning after ECB Chief Draghi showed deepening concern over price stability. EUR/USD dived from 1.2553 to 1.2415 before bouncing ever so slightly into NY’s open. Early NY saw a lift to hourly resistance near 1.2440 but bears were waiting… Read more

EUR/USD Price action in early Europe defined the range for the continent and NY. EUR/USD dived down from 1.2575 to 1.2505 after EZ PMIs were generally below expectations. Short covering bids into 1.2500 were too much to overcome and the pair steadily climbed towards 1.2535… Read more

EUR/USD Modest short covering was the theme in Europe’s morning and early NY. EUR was bought vs many of the crosses with AUD,NZD, CAD and JPY the notable standouts. This saw EUR/USD lift from near 1.2410/15 towards 1.2450 before it slipped back near 1.2530 into… Read more

EUR/USD Europe lifted the pair towards the 1.2540 area as USD longs lightened up after USD/JPY couldn’t break the 2014 high. A slight dip saw the pair near 1.2500 into NY’s open. The dip was bought as the USD’s weakness continued and US bond yields… Read more

EUR/USD Asia’s rally was short lived and Europe erased the gains after the USD’s slide reversed and comments from ECB’s Mersch weighed. Mersch noted the theoretical possibility of buying state bonds, gold or shares. EUR/USD slid towards 1.2480 before a slight bounce had it near… Read more

EUR/USD Europe rallied EUR/USD from near 1.2430 & pierced the 200-HMA but couldn’t hold above it. A drift lower saw 1.2445 as NY got going. Sharp bear pressure was applied early after US retail sales were solid. EUR/USD hit a low of 1.2398 before a… Read more

EUR/USD The pair was buffeted in the 1.2430/1.2498 range as action in EUR/JPY and EUR/GBP drove the pair.EUR/JPY’s descent initially dragged the pair lower but EUR/GBP’s lift post-BoE QIR saw the upper limit of the range tested. The pair sat near the mid-point of the… Read more

EUR/USD Light short covering took hold in Europe’s morning after USD/JPY’s rally stalled. EUR/USD lifted from the 1.2400 area towards 1.2420 as NY got going. Early NY saw a slight bid but the pair was hemmed as USD/JPY remained near its highs early in NY… Read more

EUR/USD A lift late in Europe’s morning saw the pair test above 1.2500. Asian offers and the 200-HMA were too much to overcome though as the pair halted at 1.2509.The USD’s slide initiated Friday began showing some signs of faltering as the market decided the… Read more

EUR/USD Some USD long unwinds took hold in Europe. EUR/USD lifted from the 1.2375 area to sit just below 1.2400 into the US jobs report. Algos sent EUR/USD on a wild ride after the headline NFP missed forecasts. The pair initially spiked up to 1.2443…. Read more