EUR Trading Outlook Archive

The Euro (EUR) some negative headlines out of Germany regarding fresh court challenges to the new ECB bond plan and jitters over a court decision due tomorrow regarding the ESM. Traders have been waiting weeks for tomorrow’s ESM decision from the German Constitutional Court with… Read more

The Euro (EUR) the Euro surged as shorts were run over as we shot to 1.2800 from lower 1.2650 after the US Jobs data. The outlook is mixed with some very big risk events coming up in the Greece Troika report and the German constitutional… Read more

The Euro (EUR) Draghi didn’t disappoint overnight announcing a large broad scale unlimited bond buying program to target the 1-3 year maturities. Dubbed the Outright Monetary Transactions (OMTs) the plan is stop traders betting against the Eurozone. Some questions remain about the legalities of the… Read more

The Euro (EUR) attention is now firmly on the ECB and some traders have overlooked another major development overnight with the EUR/CHF lifting off the 1.2000 level to rest at 1.2040 as we speak. The Euro will be volatile today so traders should use strong… Read more

The Euro (EUR) the EUR/USD fell from the lofty 1.2600 heights overnight as Moody’s downgraded the outlook for the European Union. Also hurting was a German article stating the ESM was illegal. This is ahead of the ECB meeting on Thursday where expectations are mounting… Read more

The Euro (EUR) the EUR/USD retested resistance above 1.2600 overnight but failed to hold above the level in light trading with some profit taking near the top. The outlook is positive with traders only reacting to positive news from the Eurozone lately whilst ignoring the… Read more

The Euro (EUR) the EUR/USD broke above 1.2600 before the Bernanke Speech and then reversed sharply as no announcement was made. The market was still keen to buy on the dip however and optimism is growing that the ECB will announce new measures at Thursday’s… Read more

The Euro (EUR) the EUR/USD tested below 1.2500 after the Slovak PM stated on radio that the Eurozone was still 50-50 chance to break up. Support was found however and traders returned to focusing on the Spanish and Greece headlines. The IMF has confirmed that… Read more

The Euro (EUR) some discord between European leaders appeared overnight with differences of opinions the role of the ECB. Italy’s Monti and Germany’s Merkel have different views on the ESM getting a banking license and borrowing from the ECB. Another fierce Critic of the ECB… Read more

The Euro (EUR) the EU President comments and news Merkal will be traveling to China to garner support for Europe helped lift the EUR/USD to 1.2570. The next resistance level is at 1.2600 but we may see the level hold for now with the Jackson… Read more