USD/JPY stayed under pressure throughout the NorAm session as equities were broadly lower on Russia and China fears. A Ukrainian ultimatum issued yesterday hung over the marketplace as investors had no way to handicap the outcome. The Japanese CPI data didn’t seem to provide the… Read more
EUR Trading Outlook Archive
Euro (EUR) Trading Outlook (28-04-2014)
April 28, 2014Euro (EUR) Trading Outlook (25-04-2014)
April 25, 2014AUD/USD: Pivot still holding at 0.9315, the AUD had been making lower low for two days now. Next support level at 0.9210, a break through would lead bears to target 0.9150 area. EUR/USD: The initial rally of EUR/USD stalled by spec offers in the 1.3850/60… Read more
Euro (EUR) Trading Outlook (24-04-2014)
April 24, 2014The AUD: With current short term high being set (0.9460) and a disappointing CPI data, bears could use this opportunity to try and push the pair lower. Current pivot point at 0.9250 and resistances comes in at 0.9315 and 0.9350. EUR/USD: A relatively better than… Read more
Euro (EUR) Trading Outlook (23-04-2014)
April 23, 2014AUD/USD: As mentioned above, market awaits for the data. For now, big range trades still in play, 0.9300-0.9400. The pair need to break either 0.9300 for downward trend or 0.9460 (recent high) for a test of 0.9540. EUR/USD:The pair bounced off the support near 1.3780… Read more
Euro (EUR) Trading Outlook (22-04-2014)
April 22, 2014The AUD: Bulls are heartened by the crossing of longer term moving averages (40 and 200 DMA). The pair remain strong and technically solid on the major crosses, holding above the 200 DMA against USD, EUR, JPY and CAD. Current short term key support of… Read more
Euro (EUR) Trading Outlook (18-04-2014)
April 18, 2014The AUD: More bids staggered down from 0.9310 to 0.9245 but technical point noted bounce off underside of weekly cloud last week initimates weakness. For now, Current support of 0.9290-0.9310 havn’t been tested yet, a break below there will lead more bears jump in. EUR/USD:… Read more
Euro (EUR) Trading Outlook (17-04-2014)
April 17, 2014AUD/USD: Pivot at 0.9325. Support at 0.9325, 0.9290 and 0.9250. Resistances at 0.9425, 0.9460 and 0.9495. Range trading still in play, for AUD bears, a break of 0.9325 is needed for more confirmation on the downside. EUR/USD: Decent industrial production data helped the EUR/USD rally,… Read more
Euro (EUR) Trading Outlook (16-04-2014)
April 16, 2014AUD/USD: Oz slumped to 0.9337 lows before recouping lost ground, heads to the close 0.9352 after bounced off 200-HMA. Support at 0.9325 and 0.9290 zone. Market awaits for Chinese data due in 02:00GMT. EUR/USD: The pair had been going both ways throughout Europe and NY… Read more
Euro (EUR) Trading Outlook (15-04-2014)
April 15, 2014The AUD/USD: Given the strong USD was unable to push the AUD lower, the pair remains in an uptrend. Pivot point at 0.9375, Support at 0.9375, 0.9330 and 0.9290. Resistance comes in at 0.9430 and recent high of 0.9460. EUR/USD: Europe and NY session continued… Read more
Euro (EUR) Trading Outlook (14-04-2014)
April 14, 2014AUD/USD: Thursday’s shooting star candle saw downside follow through today and the daily RSI begin to roll over from overbought territory. Last week’s rally stalled at the base of the weekly cloud. These signals may mean a s-t pullback for the pair is needed. EUR/USD:… Read more