EUR Trading Outlook Archive

TECHNICALS: An intraday break-down level .9210 is capping for now and whilst below there, we have the possibility of a deeper retracement back towards .9030 (see chart). Even if this resistance level breaks, there are likely to be more stiff levels near .9300. Overall the… Read more

TECHNICALS: Much of technical analysis is subjective and I’m seeing AUD/USD with bullish-tinted glasses. A basing formation on the shorter-term charts suggests to me that we could move straight back to .9300 (see chart). Yesterday’s break-up level near .9030/50 should provide support on the day…. Read more

TECHNICALS: Initial resistance levels are strong between .8990/.9010 (see chart) and again at .9030/35. A clean break above the latter will endanger the downtrend. If these resistance levels hold then the bears will generate fresh confidence and we should see a test of longer-term support… Read more

TECHNICALS: Initial resistance levels are strong between .8990/.9010 (see chart) and that should cap rallies pre-RBA. Support levels start at .8880 through .8850. Medium-term bears can feel relatively comfortable whilst prices stay below .9050 but a break back above there will threaten the down-trend momentum…. Read more

TECHNICALS: The bears are still in overall control and there is no sign of any bottom formations on the short-term charts. Immediate support/resistance levels lie at .8870 and .8990 (see chart) and I’d expect prices to stay inside of these ranges today. Longer-term bulls should… Read more

TECHNICALS: The daily chart continues to look heavily oversold (see chart) but we may simply get an extended period of sideways trading rather than a sharp retracement. The shorter-term charts were unable to confirm support at .9230 so this becomes the first level of resistance…. Read more

TECHNICALS: The short-term charts are starting to look moderately constructive, trying to form support levels now near .9230 (see chart). The resistance levels are quite clear at .9330/40 but a clean break above there would open the way for a test of medium-term technical resistance… Read more

TECHNICALS: Short-term support near .9140 held the first test overnight and a clean breakbelow there could open the way for a test of .9040 (see chart). The really big levels to watchare at .9000/.9350 and as we are opening right in the middle of this… Read more

TECHNICALS: The main technical feature for me is still the heavily oversold nature of the daily charts and I expect this to start unwinding sooner rather than later (see chart). In the meantime, the short-term parameters are very clear at .9000/.9350 so play the edges… Read more

TECHNICALS: No change in the technical outlook from yesterday, with .9000/.9350 still the big levels to watch and a break either side will cause a momentum shift (see chart). The very short-term trend is bullish so we may see a topside test first but the… Read more