EUR Trading Outlook Archive

TECHNICALS: There are fairly obvious range edges now at .9000/.9350 (see chart) and with the dailies so heavily oversold according to nearly every indicator, I’m maintaining my bullish bias. The very short-term charts are in a bullish phase and buying any dips back towards .9180… Read more

TECHNICALS: Sometimes it pays to sit back and have a look at the bigger picture and there is still no doubt in my mind that the AUD/USD is extremely oversold and at some stage will retrace towards more neutral levels (see chart). In the FX… Read more

TECHNICALS: The bears regained control of the AUD/USD market on Friday, taking out recent lows at .9035 before stalling ahead of important psychological support at .9000. Selling rallies back towards increasingly-strong resistance near .9300/50 (see chart) seems like the logical play.

TECHNICALS: I’m looking at a possible basing formation (see chart) in AUD/USD and even though we didn’t get the expected acceleration when .9250 broke, I still prefer the long side at current levels at least from a risk-reward perspective. Resistance is clear at .9350 and… Read more

TECHNICALS: The support and resistance lines are pretty clear at the moment, with recent lows at .9035/40 looking to form a double-bottom but solid resistance levels at .9180 and .9250 keeping the bears in control (see chart).

TECHNICALS: The bear trend remains relatively unchallenged despite the modest correction and prices are consolidating in a broad .9250/.9400 channel (see chart). I’d expect more of the same today but the bears look to have stronger cards in anticipation of a return of dominant recent… Read more

TECHNICALS: The hourlies are showing a series of higher lows (see chart) which show that some strength is finally returning. Nevertheless, the fact that it broke above previous lows at .9325 but then immediately retraced almost 100 pips is a confusing signal. There is no… Read more

TECHNICALS: The big level to watch on the topside is previous lows at 0.9325 (see chart) and the bulls will need to break back above there in order to generate fresh momentum. Support levels start at yesterday’s lows near .9200 and of course at Monday’s… Read more

TECHNICALS: The short-term battle for supremacy near .9200 seems to have been won by the bulls and I believe we are now due for a decent retracement to .9620 at least (see chart). Initial resistance will be at previous lows near .9325 and I’d expect… Read more

TECHNICALS: The strong down-trend still dominates the technical picture and we are currently in a consolidation phase between .9150/.9250 (see chart). A break higher out of this range will run into further solid resistance at prior lows .9325 and the bulls will need to re-take… Read more