EUR Trading Outlook Archive

The Euro (EUR) the bears tested the EUR/USD to test the 1.3000 psychological support which held and when US stocks rallied post NFP we saw a modest bounce back to 1.3080 in the major. Plenty of support is coming through the EUR/JPY cross which is… Read more

The Euro (EUR) the EUR/USD sell off which began on the night before on US debt ceiling worries has turned into a rout today with another heavy day of selling. Support at 1.3100 was broken and we closed at 1.3050 and in striking distance of… Read more

The Euro (EUR) the EUR/USD tested 1.3300 resistance in the post fiscal cliff deal rally in Asia. The upside range has been at 1.3300 over the last few months and a break and close above could lead to further gains. EUR/JPY is leading the pack… Read more

The Euro (EUR) the EUR/USD tested 1.3300 resistance in the post fiscal cliff deal rally in Asia. The upside range has been at 1.3300 over the last few months and a break and close above could lead to further gains. EUR/JPY is leading the pack… Read more

The Euro (EUR) the EUR/USD was well supported on a dip below 1.3200 and buyers took back control later in the US session with EUR/JPY buying pushing the Yen cross above Y113. All the Euro crosses did well with EUR/GBP briefly above 0.8200 and EUR/AUD… Read more

The Euro (EUR) the EUR/USD broke above 1.3180 in the US session and we closed at fresh month highs near 1.3230. The Euro was strong across the board gaining heavily against the AUD and JPY. While the debt crisis was on the Euro lost a… Read more

The Euro (EUR) the EUR/USD consolidated gains from Friday keeping to a 40 pip 1.3180-40 range. The EUR/JPY led surge is helping the Euro to gain across the board. EUR/GBP is an important cross and we hit 0.8150 briefly before easing overnight. EUR/USD topside target… Read more

The Euro (EUR) the EUR/USD rallied up to 1.3000 closing above the key psychological level as traders sell the USD aggressively ahead of the FOMC and Eurozone fears fail to materialize. EUR/JPY in particular was strong up to Y107.30 and is well positioned to retest… Read more

The Euro (EUR) the EUR/USD opened lower after Italy’s Monti resignation timeline was announced but the selling was short lived and we have closed New York near the key 1.2950 resistance. EUR/JPY is struggling to find support and slipped to Y106 before stabilizing. Many traders… Read more

The Euro (EUR) was crushed lower after being hit by dovish comments at the ECB meeting press conference. The ECB lowered its 2013 GDP forecasts but the major comment that traders picked up on was that the OMT was only to be used in emergencies… Read more