EUR Trading Outlook Archive

The Euro (EUR) The EUR/USD went into a coma overnight with trader sitting on the sidelines ahead of the BOJ decision. EUR/JPY is a key cross for the major and has been extremely volatile in recent weeks. More of the same is expected after the… Read more

Jr. Day. The Euro (EUR) The EUR/USD reversed sharply from 1.3400 on Friday down to 1.3280 on the back of comments from ECB Member Course that short term interest rates will not be impacted if banks repay liquidity early. EUR/GBP is continuing its uptrend as… Read more

The Euro (EUR) The EUR/USD broke back above 1.3300 and now will be targeting 1.3388 the year highs in coming sessions. Overnight we had confirmation that Greece would receive its next tranche of bailout aid which helped keep the single currency supported against most pairs… Read more

The Euro (EUR) tested the downside on the major and most crosses with profit taking entering critical period that is threatening the uptrend. EUR/USD found support at 1.3260 and was helped off the lows with comments from ECB’s Nowotny that the current Euro exchange rate… Read more

The Euro (EUR) heavy EUR/JPY profit taking yesterday was the main source of EUR/USD weakness but there was mixed other news. Spain’s PM stated he was not expecting to ask the ECB for a formal bailout as yields on Spanish and Italian Bonds have fallen… Read more

This week starts with the euro (EUR) keeping its upward trend following European Central Bank (ECB) President, Mario Draghi’s, press conference on Thursday. The single currency traded just below 1.34 on Monday morning whilst expecting higher European Industrial Production to be released later this morning,… Read more

The Euro (EUR) the ECB meeting resulted in a much more hawkish ECB than forecast with Draghi commenting no further easing was on the table and that he expects the work already done by the ECB to filter through to the economy later in 2013…. Read more

The Euro (EUR) fell to day lows at the start of the US session but we found support at 1.3035 before rebounding back to 1.3080. The daily trading range in compressing and we are preparing for fresh direction later tonight with guidance from the ECB…. Read more

The Euro (EUR) the buying from 1.3000 fizzled out at 1.3140 even with the announcement by Japanese FM that Japan would be buying European bonds via an investment in the ESM (Rescue Fund). There was no appetite for a further rally and when France downgrade… Read more

The Euro (EUR) Euro bears were caught short yesterday with the 1.3000 level holding two attempts and putting a short term base in overnight. Shorts were squeezed back above 1.3120 and could head towards 1.3300 the top of the recent trading range. EUR/AUD and EUR/JPY… Read more