EUR Trading Outlook Archive

The Euro (EUR) the EUR/USD was the biggest gainer on Monday morning from the Greece election news opening near 1.2740 after closing at 1.2650 on Friday. The upside potential will require the yields in Spain and Italy to now move lower in coming days or… Read more

The Euro (EUR) the EUR/USD grinded higher breaking above 1.2530 to test 1.2600 in the US session with the chance of Greece leaving the Eurozone dropping after the leader of the anti-austerity party stated although he wanted better terms for help he was still committed… Read more

The Euro (EUR) the EUR/USD was a laggard overnight with the EU crisis still ongoing the market was going to buy the Euro last. Strong resistance at 1.2530 has contained the topside on many occasions and we closed at 1.2500. More Spanish banks we downgraded… Read more

The Euro (EUR) hopes of sustained rally were dashed from the get go in the European session with the sellers gaining the upper hand as negative headlines flooded in on the proposed bailout of Spanish banks. There was even talk late in the US session… Read more

The Euro (EUR) the Spanish Bank bailout should support the EUR/USD today but some traders may wait for a pullback to buy as the gap was quite large from Friday’s close to Monday morning’s open. Traders will be watching the response to the bailout plan… Read more

The Euro (EUR) the Spanish bond auction was a success and we saw a rally briefly above 1.2600 before the Bernanke testimony and Spanish downgrade reversed the gains back to opening levels. The outlook is mixed with hope vs. fear in a daily battle with… Read more

The Euro (EUR) the ECB meeting was a non event with the decision to leave interest rates 1.00% with the ECB President Draghi quite calm given the financial storm in Spain and instead focusing on inflation expectations. He did note that some ECB members wanted… Read more

The Euro (EUR) the EUR/USD short covering began as rumors of G7 meeting and new plan to tackle the debt crisis swept the market on Monday. Talk is that the ECB and EU leaders have been charged with drafting proposals for a deeper fiscal Union… Read more

The Euro (EUR) the EUR/USD short covering began as rumors of G7 meeting and new plan to tackle the debt crisis swept the market on Monday. Talk is that the ECB and EU leaders have been charged with drafting proposals for a deeper fiscal Union… Read more

The Euro (EUR) the weakness into the US NFP saw 1.2300 tested but this level held before the weak US data and QE3 talk helped the EUR/USD bounce into the US session. More selling is likely while the EU authorities argue of the correct solution… Read more