EUR Trading Outlook Archive

The Euro (EUR) the EUR/USD broke below 1.3000 and headed down to 1.2940 before stabilizing into a tight range in the US session. The EUR/GBP is grinding higher to 0.8100. The EUR/JPY was very volatile falling with USD/JPY and the major sharply back to Y101.50.

The Euro (EUR) the EUR/USD was strong hitting day highs at 1.3070 after finding support sub 1.3000 on multiple occasions. EUR/JPY reacted sharply higher with the US jobs and we are well supported ahead of a big week from the Eurozone. Spain and Greece are… Read more

The Euro (EUR) the move up to 1.3000 was fueled by stops being hit above 1.2970 and everyone hopping on to the long bandwagon after the ECB president reiterated he was ready to implement the OMT bond buying program if needed. The big move of… Read more

The Euro (EUR) an extremely contained day of trading for the usually very volatile EUR/USD pair. The major stayed in a 60 pip range and closed at 1.2910 5 pips from where it opened. Traders have been sidelined waiting for ECB today where they are… Read more

The Euro (EUR) the EUR/USD popped Monday’s high and rallied to 1.2950. The outlook is for more gains but we are holding at current levels waiting for further clarification on the bailout timeline. The initial reaction to Spanish PM Rajoy was positive as he said… Read more

The Euro (EUR) with little headline news from the weekend the market took its cues from Technicals and from improving risk appetite. The EUR/USD moved above 1.2900 but then reversed back under the figure the dollar resurgence began. There are major risk events for the… Read more

The Euro (EUR) the results of the Spanish Bank audit were roughly as forecast and was a non event for the market. The Downgrade rumors got the market selling for most of the US session and we closed at lows of the day. The outlook… Read more

The Euro (EUR) the EUR/USD was volatile falling to 1.2840 in the US session before surging as traders embraced the proposed Spanish budget reforms. The major broke above 1.2900 and is still well supported in Asia on Friday sitting at 1.2930 and waiting for the… Read more

The Euro (EUR) the EUR/USD rallied after finding support under 1.2850 and this is frustrating the bears who have been given every reason to sell but the downside is slowing down. A reversal will require the cooperation of Spain and some positive moves towards officially… Read more

The Euro (EUR) the EUR/USD rallied in Europe as sentiment in Germany picked up according to the latest GFK. The market reversed sharply though on comments from ECB Asmussen on no more refinancing for Greece. Also hurting was reports that Spanish strikes had turned violent…. Read more