EUR Trading Outlook Archive

The obvious technical target is the 50% retracement level at .9710 (see chart). The longer term charts suggest that a test of 1.000/1.0120 is likely so buying dips is the clear bias. Support levels start at previous highs near .9525.

No change in the technical picture withthe short-term outlook still looking quite constructive to me and the close now above previous highs at .9525 suggests that there is more topside to come (see chart). The obvious topside target is a 50% retracement level at .9715…. Read more

The short-term outlook still looks quite constructive to me and the break above .9525 yesterday suggests that there is more topside to come (see chart). The obvious topside target is a 50% retracement level at .9715. Support levels are relatively weak until levels near .9425/35… Read more

The break above short-term resistance levels at .9480/85 put the focus back on recent highs near .9525. Look for support to emerge now near .9430 (see chart). A clean break above .9525 would put the focus back on the longer-term charts and the next resistance… Read more

Another failure last Friday above .9480 will be giving the bears some hope (see chart) but support is equally solid near .9380. With some indecision in the market it will make sense for the AUD/USD to trade sideways and these look like the obvious range… Read more

TECHNICALS: The short-term charts tried to break lower yesterday but stalled at recent hourly lows near .9390 (see chart). Short-term resistance levels are also pretty clear starting at .9480 and up through .9525. We really need to see a clean break outside of this range… Read more

TECHNICALS: The short-term charts look moderately constructive (see chart) and I favour the buy-dip approach. Initial support is at a 38.2% retracement of the 5-wave up-move which comes in near .9405. There is much stronger support .9335/50 and that is the preferred entry level so… Read more

TECHNICALS: Still no change in the overall technical pictureover the last few days and the obvious technical levels to watch are still at .9280 and .9525 (see chart). The short-term charts are starting to look mildly bullish with higher highs and higher lows. I favour… Read more

TECHNICALS: The obvious technical levels to watch are still at .9280 and .9525 (see chart). The former was a 38.2% retracement level which held really well, usually a bullish sign but recent highs at .9525 will still offer stiff resistance. Short-term support levels start at… Read more

TECHNICALS: The obvious technical levels to watch are at .9280 and .9525 (see chart). The former was a 38.2% retracement level which held really well, usually a very bullish sign. Hourly resistance levels at .9400 were also breached overnight, suggesting more topside is likely. Recent… Read more