EUR Trading Outlook Archive

TECHNICALS: The short-term bear trend has re-asserted itself (see chart) and we look certain now to test weekly lows at .9600. Previous lows at .9710 offer the first level of resistance and this gets heavier now near .9750/.9800.

TECHNICALS: The heavily oversold short-term indicators have started to unwind and there seems to be plenty of potential for a bigger retracement towards .9920 (see chart). Support lines near .9750 are strengthening and I’d expect to see some volatility between these edges over the next… Read more

TECHNICALS: A quick look at the daily chart shows the power of this move (see chart) and the obvious technical target is daily lows just below .9600. The previous support lines near .9850/70 are the initial resistance points and I would suggest trading this 300… Read more

TECHNICALS: A quick look at the daily chart shows the power of this move (see chart) and the obvious technical target is daily lows just below .9600. The previous support lines near .9850/70 are the initial resistance points and I would suggest trading this 300… Read more

TECHNICALS: The weekly trendline near .9870 has been broken and this level now becomes the first point of resistance. Short term charts are trying to base near .9800 (see chart) but the bears still have the stronger case.

TECHNICALS: The weekly trendline support near .9870 which we looked at yesterday is still supporting the AUD/USD and should be respected. Short-term resistance starts at .9920 (see chart) but the bulls will need to regain 1.0000 in order to start reversing the strong bearish momentum.

TECHNICALS: Trendline support on the weekly chart at 0.9870 (see chart) is likely to provide some initial support but I do not see this as a big level. It looks to me as if the market is intent on testing major support points between .92/.95… Read more

TECHNICALS: It’s probably a good time to take a look at the longer-term charts and see how much downside this move might have (see chart). The overall target in my biased view remains a 61.8% retracement level around .9200 but the first target is the… Read more

TECHNICALS: Support levels on the daily chart are breaking down and further losses look very likely (see chart). Volatility is also picking up so we can expect wide intraday ranges. Patience is still required but I suggest a .9970/1.0220 range over coming days with a… Read more

TECHNICALS: The AUD/USD short-term outlook (see chart) remains bearish and the failure to test prior lows at 1.0220 may be telling us something about the market sentiment. Support at 1.0115 hasn’t been tested either so perhaps we are simply in a very tight consolidation period… Read more