EUR Trading Outlook Archive

AUD/USD: While the long term trend is bullish and short term warnings are extant. The rally stalled at the base of the weekly cloud, daily RSI is deeply overbought and retail accounts (contrarian) short positions have been reduced. Spread widening has stalled as well. A… Read more

AUD/USD: A break of the 0.9400 barrier would lead the bulls to a push towards November high at 0.9448. Current pivot point for the AUD is at 0.9330 and support comes in at 0.9295 and 0.9250. EUR/USD: Initially, tight ranges were being played on the… Read more

AUD/USD: With the AUD above the 61.8 Fib of 0.9758-0.8660 & day/week RSIs still providing positive momentum bulls are gaining confidence. They will be targeting late November high near 0.9450. A possible 0.9400 barrier & the looming OZ jobs report may temper the rally’s pace… Read more

AUD/USD: Support remains in the 0.9200/20 area with reports that large stops are building below that zone. For now, 0.9200/0.9310 range still in play, market may need to wait for the jobs number to come out for further confirmation on this pair. EUR/USD: Overnight reaction… Read more

AUD/USD: A better than expected Oz job data could help the AUD to test 0.9340 resistance, a break above there could trigger a run towards 0.9450. EUR/USD: The pair was sitting close to 1.3700 area before the NFP, as the data came out below f/c,… Read more

AUD/USD: A break of 0.9200 could make the pair run into 0.9120/50 sold support area. The 21 % 200 DMAS sit there as do the low from March 25 and the high from March 19. A break through those levels would see a quick run… Read more

AUD/USD: Tight range in play, waiting for better indication. However, a break below exports bid of 0.9220 could see a follow through to the 200 DMA level, meaning bears would start jumping in again. EUR/USD: Asian sellers near 1.3820 and other offers ahead of the… Read more

AUD/USD: The longer-term trend remains up but daily techs and flash shows some warning for the pair. Another long wick forms on the daily candle after making a new high and the RSI is diverged at o/b levels. A break below 0.9215/20 would probably see… Read more

AUD/USD: A break above 0.93 will have longer-term bulls eye resistance near 0.9450. Pivot point at 0.9210, with support comes in 0.9180 and 0.9150. EUR/USD: The EZ CPI came in just below the forecast but market reaction was similar to last Germany’s inflation data. EUR/USD… Read more

AUD/USD: For now, bulls still holds the reign’s longer term. Bull hurdles are offering around 0.9300/15 and the 61.8% Fib of 0.9758-0.8660. A break above those levels put the late November high (0.9448) in play. EUR/USD: The pair slid to a new trend low of… Read more