EUR Trading Outlook Archive

AUD/USD: The pair broke hourly support near 0.9040 and made to a low of 0.9013 at the 200 hour MA. USD weakness came in later in the day which had the pair recover to above 0.9025. Another long upper wick on the daily candle ahead… Read more

AUD/USD: Range trading still in play, major support 0.8880-90 and resistance at 0.9130. EUR/USD: The pair initially dropped to a low of 1.3843 but got lifted by German Fin Min Schaeuble’s statement that interest rate levels are too low for the medium term. The pair… Read more

AUD/USD: A test of 0.8920/35 support ( 55 DMA, cloud top) looks likely if risk sentiments remains negative. If breaks, then last week’s low of 0.8891 should be tested. However, with Oz employment data coming out tomorrow, it should be hard to test that level… Read more

AUD/USD: Tech suggest lower levels are due. AUD/USD failed to hold above the 21 week MA & 38.2 Fib and downard biased day/week RSI should give bears the edge. Bid remain at 0.8995/10 area where the 10 & 21 DMA reside, a break below would… Read more

AUD/USD: Pivot is now at 0.9130 with support at 0.9030 and 0.90. AUD is still holding strongly above the support. Further soft data from China and Australia would push the pair below 0.90 back to early last week’s 0.89 area. EUR/USD: Barrier protective offers ahead… Read more

AUD/USD: The pair initially dropped below the 200 hour MA into intra-day support near 0.8960 as USD strength was shown across the board. However, this did not last long and AUD steadily climbed higher. Current resistance at 0.9000/10, a break above there will be testing… Read more

AUD/USD: With the direction being unsure, the pair is sitting between 55 DMA on the bottom and the 10 & 21 DMA on top. A break out may due from today’s data as mentioned above if it comes in poor. EUR/USD: EUR/USD spiked to a… Read more

AUD/USD: The pair broke through 55 DMA but was unable to break through 0.8880/ 0.8890 as exporters heavily bid on it. Range trading still in play, a break through either 0.8880 or 0.9080 is needed for further action. EUR/USD: After the pair dropped from concerns… Read more

AUD/USD: Range trade still in play, current support at 0.8880-0.8900, market will be focusing on HSBC PMI, a poor data could break through support, testing 0.8830. EUR/USD: Once again, all focus are Ukraine & Russia issue, which led to a gap lower in Asia open… Read more

AUD/USD: Hourly resistance near 0.8970/75 and next level at 0.90. Overall sentiment is still a downtrend but due to USD weakness, we could see further range trading sessions from this pair. A break of 0.8880/0.89 would create second push for the pair. EUR/USD: The pair… Read more