EUR Trading Outlook Archive

The Euro (EUR) The EUR/USD fell briefly below 1.3100 in the European session closing at opening levels but in striking distance of resistance at 1.3150 if today’s Spanish bond Auction comes in strong and spurs a rally. The EUR/GBP fell as the GBP soared and… Read more

The Euro (EUR) the market attempted to rally for a second day against the downtrend with the Spanish Bond Auction successful and the German ZEW Business Confidence Survey surprising the market with an increase to 23.4 vs. 22.3 previously. The EUR/USD hit profit taking above… Read more

The Euro (EUR) the EUR/USD tested 1.3000 twice before buyers took control and we saw a sharp rally back to 1.3150 even as the mood in debt markets continued to show Spanish debt fear. The outlook is mixed with a clean break of 1.3000 needed… Read more

The Euro (EUR) the EUR/USD is approaching 1.3000 and the key level may break this time with Spanish debt continue to fall in value. The concern on Friday was that Spanish banks were holding too much of the debt and that a coming recession in… Read more

The Euro (EUR) The EUR/USD broke above the 1.3150 and then onto 1.3200 in the US session as the positive stock market and sentiment supported. The reversal from the China data in Asia so far has only brought the major back to 1.3160 and we… Read more

The Euro (EUR) the EUR/USD tested 1.3150 as Yields in the Eurozone fell in a rare reprieve. ECB members were talking up the ECB support for the Spanish bond market and pleading for more time for the reforms to flow through to the economy. Time… Read more

The Euro (EUR) although it was in the center of the storm the downside was limited as solid support was found above 1.3000. More selling was seen on the EUR/JPY which hit fresh month lows under Y106. The outlook is for more selling why the… Read more

The Euro (EUR) the EUR/USD moved back above 1.3100 as light markets kept the 1.3000 level safe for now. A break of the key level could see a move lower to 1.2850 and more pressure on the crosses. Yields on Spanish and Italian bonds increased… Read more

The Euro (EUR) very quiet markets on Friday with most European traders away and US only in for a half day on Easter celebrations. The EUR/USD popped higher immediately after the jobs data but EUR/JPY dragged it lower again.

The Euro (EUR) the EUR/USD fell to 1.3110 on the Spanish bond failure before finding support and staging a small recovery. The ECB held at 1.0% as widely forecast and the President Draghi was slightly hawkish talking of medium term inflation risks and the Spanish… Read more