EUR Trading Outlook Archive

AUD/USD: Range trades still in play on the pair of 0.9345-0.9395. Current pivot of 0.9345 is still holding up the AUD, a break from there would test 0.93 level. EUR/USD: The pair initially was holding just under 1.3850 for Asia and Europe session. Large options… Read more

AUD/USD: The 21-DMA and April 30 low were cleared. The slide fell short of the double lows of April 22 & 23 (1.4710/15) as it stopped at 1.4760/65. Further pressure may be put on the rally as daily RSI is biased down and yield spreads… Read more

The AUD/USD: Bids near the 21-DMA and late April highs 0.9315/20 halted the overnight slide. Tech gives a bullish tint to the pair as the pair hold above the 21-DMA again while daily and weekly RSI are biased up. Bulls are looking for a run… Read more

AUD/USD: The close above the 21-DMA & 0.9310/20 resistance zone is encouraging for bulls and they now set their sights on 0.9425/60 resistance where the weekly cloud base & April high reside. EUR/USD: EZ services PMIs were mostly above f/c with Germany being the noted… Read more

AUD/USD: Mention of persistent AUD strength may get attention again as AUD/USD is basically unchanged from the April 1 meeting. Should rhetoric over AUD and recent data ramp up AUD/USD may trade heavy. Traders may then see 0.9200 break and the H&S top on daily… Read more

The AUD/USD: 0.9190-0.9200 been holding up strong, range trades still in play but for now the AUD need to break above 0.9320-30 area for a better uptrend confirmation. Risk events coming up this week for the pair, should the results be AUD bearish, the April… Read more

AUD/USD: Current pivot at 0.9315, support at 0.9245, 0.9225 and 0.9210. Range trading is still the game plan, market awaits for NFP data for further movements. EUR/USD: Early Europe session pushed the pair above 1.3880 resistance to a high of 1.3889. However, offers at 1.3900-05… Read more

AUD/USD: Europe lifted the pair to the 200-HMA but the gains were quickly erased as EZ CPI didn’t see bearish follow through for EUR. EUR/AUD leaped off the 21-DMA and aided AUD/USD’s tumble towards 0.9260 as NY started. Market now waits for China PMI, a… Read more

AUD/USD: Overall still in a relatively bearish sentiment on the pair. A soft reading on China PMI would increase pressure on the AUD. For now, support still at 0.9205/25, a break would test 0.9170 and 0.9150. On the top side, 0.9320 resistances is still holding… Read more

AUD/USD: Day/week RSIs weigh as yield spreads narrows. For now, the market will focus on the April low of 0.9205. A break there opens up a 200 & 55 DMA (0.9150/53) test. EUR/USD: Europe spiked the pair up from below 1.3820 to a high of… Read more