EUR Trading Outlook Archive

The Euro (EUR) hit day highs in Asia near 1.3125 before reversing back below 1.3100 in Europe on USD strength given a weak Spanish Debt auction ahead of today’s ECB meeting. The ECB is forecast to hold at 0.75% but focus will be on President… Read more

The Euro (EUR) broke above 1.3100 and is nearing a key resistance at 1.3140-80 (Oct 17 High) where the bears are expected to make a stronger stand. Tail risk is the scenario where the Eurozone breaks up or a country defaults on debt. There has… Read more

The Euro (EUR) shot above 1.3000 to fresh multimonth highs just under 1.3080 after Spain formally requested aid for its banks and Greece successfully completed its bond buyback program. Bond Yields from Greece to Spain and Italy all dropped dramatically and suggest further topside for… Read more

The Euro (EUR) the EUR/USD hugged the 1.3000 on Friday with little incentive to push higher given profit taking on stocks. Germany approved bailout money for Greece but October EU Unemployment hit 11.7% vs. 11.6% previously for a fresh all-time Euro era high.

The Euro (EUR) was sold heading into the EU session of trading, with reports that no agreement on Greece had been reached, thus being re-scheduled for Monday the 26th of November. As such, the single currency crashed back below key 1.2800 levels, to trade as… Read more

The Euro (EUR) the EUR/USD continued to receive support across the board after finding buyers at 1.2700 and the successful Greece Aid talks earlier this week. Israeli and Spanish concerns capped the rally at 1.2800. The outlook is mixed with the chances of a substantial… Read more

The Euro (EUR) fell below 1.2700 in Europe as Germans ZEW report to -15.7 vs. -9.9 expected. Support was found at 1.2670 and we bounced during the US session with rumors that Spain may ask for a bailout and that Greece might receive more than… Read more

The Euro (EUR) traded in a 50 point range with a rally from 1.2700 faded later in the US session. The successful Greek Budget vote helped spark the brief rally but then ongoing delays to the release of actual aid is weighing. The Troika seems… Read more

The Euro (EUR) found support under 1.2700 on Friday and closed at the psychological round number. The EUR/USD has been under pressure from weak stocks and mounting fears regarding Greece Bailout delays. On Monday we have the Eurogroup meeting regarding the troika report into Greece’s… Read more