EUR Trading Outlook Archive

TECHNICALS: The main technical level to watch is a 38.2% retracement at .9280 (see chart). A clean break below there brings previous highs and a 50% retracement near .9210 into focus. Overall, buying big dips is still preferred.

TECHNICALS: No change from yesterday morning and we are still faced with very strong technical support at .9350 and down through .9315 (see chart). The main support below there is a 38.2% Fibo at .9280. Hourly resistance levels start at .9400.

TECHNICALS: Not much change from yesterday morning and we are still faced with very strong technical support at .9350 and down through .9315 (see chart); the former was a previous pivot (first a major low, then a spike high) which was the low on Monday… Read more

TECHNICALS: The close back above the pivotal .9350 level will be worrying for the bears and we can expect Japanese traders in particular to be paying attention to the bullish closes in both AUD/USD and AUD/JPY above their respective Ichimoku clouds. The obvious short-term levels… Read more

TECHNICALS: Resistance on the daily chart at .9350 has been confirmed and this level must be given a large amount of respect (see chart). A clean break and close above there would suggest that a basing formation could emerge. Initial intraday support levels should emerge… Read more

TECHNICALS: Resistance on the daily chart at .9350 has been confirmed and this level must be given a large amount of respect. The short-term charts are showing a solid up-trend but we may be seeing a reversal and the first big level to watch is… Read more

TECHNICALS: The daily chart is showing that previously pivotal resistance levels at .9335 are again coming into view (see chart). A clean break above there brings the 38.2% retracement of the entire down-leg into view, and that comes in at .9510. Short-term momentum remains very… Read more

TECHNICALS: The fact that prices stalled near the 76.4% retracement of the .8850/.9240 rally will be giving the bulls some slight hope (see chart), but it’s only slight as the bears still look to have all the strong cards. The hourly chart is showing support… Read more

TECHNICALS: We are looking at 2 possibilities on the daily chart which both suggest the same outcome; further range-trading between .90/.93 in coming days. Oversold dailies could reverse as a basing formation develops (see chart) or the same oversold factors unwind through sideways consolidation before… Read more

TECHNICALS: The sideways consolidation continues whilst the market is working through its heavily oversold daily indicators. Most immediate resistance is at .9220, with stronger levels near .9320. Support levels should be solid near .9060 and getting much stronger near .9000 (see chart).