EUR Trading Outlook Archive

EUR/USD The German IFO miss tripped stops below 1.3635/40 and a new trend low of 1.3616 was hit just as NY walked in. NY couldn’t push the pair lower though as bids ahead of the 1.3600 barrier, slightly narrower yield spreads and a market positioned… Read more

EUR/USD Shorts were squeezed after the mixed EZ PMI results. EUR/USD popped from near 1.3650 towards Asia’s 1.3688 high. No further gains were possible though and the pair lingered just above 1.3680 as NY got going. Weak US data in the form of housing and… Read more

AUD/USD: The trend remains down but support into 0.9200 looks tough for now. A long lower wick on the daily candle is in place to suggest recent losses may need to consolidate before 0.9200 breaks. EUR/USD: EUR made another attempt into 1.3730/40 resistance on the… Read more

AUD/USD: The bull channel base and daily cloud top have been broken while day/week RSIs are firmly biased down. A clean break of the 55 DMA likely add more pressure and should lead to test of key support near 0.9200. Beyond that traders look for… Read more

AUD/USD: Should NY’s slide continue overnight, stop touted under 0.9320 and 0.9290 may get run. If the latter are run key 0.9200/05 support is targeted. EUR/USD: No fresh lows were seen and NY lifted the pair towards 1.3730 but comments from ECB’s Mersch gave a… Read more

AUD/USD: The trend remains up as spreads widen a bit and day/week RSI remain biased up. The weekly doji occurring at the weekly cloud base & TL off October’s high does suggest some indecision though. A clean break & hold above the tech resistance should… Read more

The AUD: Bulls remain in the game as the 21-DMA repels another slide but they may be sweating a bit now. Day/week RSIs roll over and the weekly cloud base continues to cap. If the 0.9400/50 resistance can’t be cleared soon longs may exit and… Read more

AUD/USD: A close within the weekly cloud remains elusive, signs grow that that the rally will persist. Day/week RSIs provide positive momentum and retails accounts (contrarian) are building short AUD positions. A clean break above the cloud base put April high in play. Action for… Read more

The AUD: Little data due for today, AUD moves should come from crosses. For now, range of 0.9330-0.9395 is still in play, a break of 0.9400 would lead to a retest of April high 0.9460. EUR/USD: EUR broke below the 21-WMA, 100-DMA and daily cloud… Read more

The AUD/USD: Market await for U.S retail sales for a better indication on the pair. For now, range is still holding between 0.9345-0.9395. A clean break above the cloud base and 0.9400 barrier puts April’s high (0.9460) in play. The EUR/USD: Ranges were relatively tight… Read more