EUR Trading Outlook Archive

The Euro (EUR) the EUR/USD reversed to 1.3200 after the FOMC minutes with the recent rally stalling at 1.3380 and we will now look for support ahead of the ECB rate meeting tonight. EUR/JPY was more stable but is under Y110 still and will need… Read more

The Euro (EUR) the Eurozone showed the two speed nature of the global recovery with March PMI fell to 47.7 vs. 47.6 previously. The Debt crisis has forced European governments to pass Austerity budgets and this has led to a severe contraction of economic activity… Read more

The Euro (EUR) the EUR/USD was strong but quiet in a 50 pip range above 1.3300 failing to retest 1.3380. The market is torn as to future direction with the USD strength countering the post Eurozone Debt Crisis Euro recovery. The ECB meeting this week… Read more

The Euro (EUR) the EUR/USD tested deeper below 1.3300 during the European session overnight after reports of Spanish bonds coming under pressure after a massive general strike. Also negative was talk Greece would could default on railway bonds guaranteed by the government.

The Euro (EUR) the EUR/USD tested support under 1.3300 overnight but rebounded and closed above the key level opening the way for more topside. EUR/GBP moved higher and EUR/AUD soared up to fresh month highs with risk sensitive cross unwinding in the Euro’s favor.

The Euro (EUR) the EUR/USD came under pressure after failing at the big resistance 1.3380 in Early European trade. EUR/GBP reversed as well and we saw the downside tested with a Fitch report out negative on Portuguese banks. The outlook is mixed with a lack… Read more

The Euro (EUR) The EUR/USD bulls seized the Bernanke comments to rally past 1.3300 and tested 1.3360 before consolidating the gains. The outlook is strong now with the USD strength all based on the US FED changing its course on monetary policy earlier than forecast…. Read more

The Euro (EUR) the EUR/USD fell to 1.3150 as the losses mounted overnight after both the Chinese and Eurozone manufacturing surveys fell sharply and stock markets slumped. EUR/AUD was the exception using the commodity pullback to gain against the risky Aussie and this helped contain… Read more

The Euro (EUR) some negative news from the Eurozone regarding Spanish banks exposure to Portugal inspired the EUR/USD reversal from 1.3280 to 1.3180. With US stocks also under pressure the EUR/JPY tested Y110 with the USD/JPY pullback. The outlook is for more range trading but… Read more

The Euro (EUR) the EUR/USD was strong ignoring the Chinese concerns that dominated the Asian session of trading. Support was seen at 1.3180 and we saw a move back to 1.3250 and the EUR/JPY kicked on above Y110. EUR/AUD was the big mover up above… Read more