EUR Trading Outlook Archive

The Euro (EUR) the EUR/USD topped out near 1.2680 in Asia and was under pressure as fractures emerged between the EU nations to use more money to buy bonds. The pullback found support at 1.2570 and we spent the rest of the day in tight… Read more

The Euro (EUR) the EUR/USD rallied from 1.2400 to 1.2700 in the biggest rally of the year so far as the market was shocked by the EU Summit agreements and the backing down of German opposition of using the ESM to bailout Spanish bonds and… Read more

The Eurozone has decided to not only allow the rescue funds to recapitalize the Eurozone banks but all banks will be treated equally and there would be new banking supervision. The EUR/USD market is extremely short so this large move could catch the market wrong… Read more

The Euro (EUR) the EUR/USD is pivoting around the 1.2500 in a holding pattern ahead of the major risk event of the week. Headlines will be coming out constantly and volatility is expected. EUR/GBP managed to reclaim 0.8000 overnight. During Asian trade today we saw… Read more

The Euro (EUR) the EUR/USD eased back below 1.2500 again overnight with the downgrade of Germany by Egan-Jones adding weight but support was seen by talk in the market that the ESM may drop its preferred creditor status in helping countries. Other comments ahead of… Read more

The Euro (EUR) the EUR/USD grinded lower with after opening at 1.2550 to break below 1.2500 and find support at 1.2480. The EUR/JPY was a constant source of selling pressure falling from Y101 to below Y100 as the Safe haven roared back into favor. EUR/JPY… Read more

The Euro (EUR) the rally found strong resistance at 1.2700 and reversed sharply when negative news emerged concerning the possible delay of ESM ratification in Germany. Spanish bond yields did drop however and this is a silver lining but the EUR/USD tumbled to 1.2550 and… Read more

The euro (EUR) recorded gains against most of its major counterparts as positive developments from Greece hit the newswires. Early in the US session, the New Democracy party leader Antonis Samaras was reported to have sworn as Prime Minister. This was well received by market… Read more

The Euro (EUR) the EUR/USD reversed back to Monday highs on the Spanish bailout/FOMC action rumors. Disappointment from either one of these will help ease the EUR/USD back to 1.2500 where it has been finding support. The Key Topside if the rally continues is at… Read more

The Euro (EUR) traded in a 200 pip range from 1.2750 to 1.2550 with the failure of the Spanish bonds to drop back from fresh debt crisis highs. The market is hoping some sort of ECB action will be able to put a more permanent… Read more