EUR Trading Outlook Archive

The euro (EUR) recorded gains against most of its major counterparts as the European Central Bank (ECB) announced its lending rate unchanged at 1.00%. As this was what the market expected, investors immediately turned their attention to the press conference that followed. ECB President Mario… Read more

The Euro (EUR) the EUR/USD was sold going into the European session as Italian PMI shocked to the downside and rumors of bank downgrades swept through the market. Support at 1.3160 was broken but the market did not fall far finding support at 1.3130 before… Read more

The Euro (EUR) the EUR/USD hit fresh multi week highs above 1.3280 but quickly reversed as the USD gained post the surprise ISM data in the US session. The outlook is mixed with the Eurozone debt crisis not grabbing attention as it once did and… Read more

The Euro (EUR) a very quiet start to the week with some slight selling in Europe as Spain was officially put into recession after printing a -0.3% Q/Q rate of GDP in Q1. German Retail Sale grew 0.8% in March and this helped improve sentiment… Read more

The Euro (EUR) the EUR/USD fell going into the European session as the Spanish downgrade pushed the EUR/USD to 1.3160. The positive stock market rally and the weak US GDP helped lift the major to 1.3270 before consolidating the gains into the weekend. The outlook… Read more

The Euro (EUR) the EUR/USD rallied into Europe as the positive momentum from the FOMC Dollar weakness had another leg to run. The market then fell back to lower 1.3200 region a more familiar level and we were very contained until Spain was downgraded late… Read more

The Euro (EUR) the Euro is once again back above 1.3200 and is looking to test recent resistance near 1.3250 as stock markets rally and the fear over Eurozone debt markets resides for now. The market is looking to ECB President Draghi’s speech tonight to… Read more

The Euro (EUR) French election concerns added to the fresh Dutch AAA ratings risks causing the Friday Rally to reverse to 1.3130. The EUR/GBP fell to new lows near 0.8150. The EUR/JPY fell back aggressively from Y108 and found support at Y106.50. The outlook is… Read more

The Euro (EUR) the EUR/USD broke above 1.3150 and we moved to 1.3220 as the IMF news combined with the better than expected German IFO to push higher. April German IFO increased to 109.9 vs. 109.5 forecast. EUR/JPY kicked to Y108 and is enjoying the… Read more

The Euro (EUR) the false rumor of a French downgrade was on the back of a Citibank research note and once this was found out the market then went back to buying and is more likely to test 1.3200 then 1.3000 in coming sessions.