EUR Trading Outlook Archive

AUD/USD: The local bids were filled, the 21 DMA (0.8947) broke and a low of 0.8944 was hit. AUD is more likely to remain heavy, key support 0.8905/25 may be tested & cleared if data comes in poor. Below 0.8905 opens tests of 50% and… Read more

AUD/USD: The pair is still holding above the 10 DMA and consolidates near the Feb high. Traders are waiting for more data as mentioned above for further movements. Support 0.8920 and resistance at 0.9080. EUR/USD: Overnight movements were still within the range of 1.3685-1.3780. Trader… Read more

AUD/USD: AUD/USD rallied to 200 DMA and showed no sign of weakness. The recent daily candles occured ahead of the daily cloud base, 21 DMA and 0.8905/25 support zone. Major resistance is still at 0.9080-90, a break would lead bulls eyeing 0.9205/25. EUR/USD: EUR/USD dipped… Read more

AUD/USD: AUD/USD failed to stay above the 10DMA for the second consecutive day, bulls are slowly exiting in early European session. Bearish daily and weekly RSI supports the view of a downtrend forming. Resistance still at 0.9085/0.9100. EUR/USD: Bulls are still holding up as the… Read more

AUD/USD: Daily and weekly RSI continues its biased down trend. A close below 0.8910 would confirm a stronger downtrend on it. Pivot now at 0.8955, support at 0.8920-25. EUR/USD: Daily Doji formed which showed uncertainties in EUR/USD, supported by the daily RSI. A break of… Read more

AUD/USD: The pair broke the 10DMA and the daily cloud base of 0.8981 was challenged. The doji on 18th of Feb showed a downside move and was followed through out the next day, keeping the bulls worried. A break of 0.8970 would help bears gain… Read more

AUD/USD: Resistance at 0.9085 and 0.9100. Pivot at 0.8995. Bulls need to push above 0.9085 for a second round of rally. EUR/USD: Resistance at 1.3770 and 1.3800. Pivot at 1.3690. The pair closed above the 61.8 fib, RSI showing positive momentum and narrowing yield spreads… Read more

Dollar continues to weaken due to poor data and weather condition. Generally, a weaker USD will lead to higher emerging currencies and AUD/USD. A break of 0.9075/85 is needed for another rally.

Equities US equities are in decline as the US 500 (SPI) failed to break above resistance at 1820.00. The stock index has since retraced to 1808.26 as markets await the release of US unemployment data this afternoon; which will set the tone for the direction… Read more

There has been no overall change from yesterday with a strong technical support level at .9060, which is the 76.4% retracement of the rally from .8845 to .9750, still providing the base and looking stronger by the day. The short-term charts remain bearish but are… Read more