EUR Trading Outlook Archive

AUD/USD: Another close above the 200 DMA and 50% of 0.9758-0.8660 has the bulls increase their confidence. A rally above 0.9285 resistances sit 0.9300/10 then the 61.8% Fib at 0.9339. Long term bulls will be eyeing their target to late November high at 0.9448. EUR/USD:… Read more

AUD/USD: For now, bulls hold the reigns as the pair closed above 200 DMA for the second consecutive day, holding above the 50% Fib of 0.9758-0.8660 and day/week RSI provide positive momentum. Bulls may have their sight set on 0.9445/50 (late Nov high). EUR/USD: The… Read more

AUD/USD: The pair was set to finally close above the 200DMA. Overall the AUD is still in an uptrend, a full break of 0.9175 will keep the bulls run to a test of 0.9205/25 resistance. A break there sees little resistance until 0.9440/50 EUR/USD: The… Read more

AUD/USD: AUD pierced the 200 DMA (0.9139) at the start but slid beneath it again and sat above 0.9125 late in the day. Bulls continue to gain confidence and tech bolster their case. Day/week RSIs are biased up. Long lower wicks on recent daily candles… Read more

AUD/USD: Chances of a rally back to the 200 DMA & TL off April’s high increase as the March 20 doji sees upside follow through today. Day/Week RSIs resume bullish pressure and spreads remain at recent wides. EUR/USD: Sell off started since last week, hourly… Read more

AUD/USD: Asian sellers are touted above 0.91 and the 200 DMA & TL off April’s high should continue to weigh on the pair. However, a return above 0.91 cannot be ruled out. A break of 0.8980 or 0.9150 would give better indication for the pair,… Read more

AUD/USD: AUD bears pierced the 200 hour MA, hitting a low of 0.9020. Little bounce was seen. Bears are fighting back as daily and weekly RSIs diverge on the new trend high set overnight and the pair is back below 21 week MA. Immediate support… Read more

AUD/USD: Bulls remains in game for now, targeting 0.9150, a break would form a new up trend. Upward biased day/week RSI and widening spreads may aid in bulls taking complete hold of AUD. A break above the current resistance zone opens a test of 0.9205/15… Read more

AUD/USD: Weekly chart showed room for the pair to run to 0.9209 (Kijun/50% Fib) after a weekly close above 38.2% of the Oct-Jan slide at 0.9079. 200-DMA is at 0.9151. AUD/NZD’s by 45-yr range base. EUR/USD: Range trading for the pair 1.3887/1.3948. Resistance still holding… Read more

AUD/USD: The pair sat just above 0.9020, the pair’s inability to hold above the 21 WMA and 38.2 Fib of 0.9758-0.8660 for two consectuve weeks could be a warning for bulls. EUR/USD: The pair is still holding strongly above 1.3900 but if tensions in Crimea… Read more