EUR Trading Outlook Archive

The Euro (EUR) the Euro broke above 1.3180 resistance and is now in range of the 1.3300 resistance zone which will prove tougher then the smaller resistances in recent sessions. The EUR/JPY broke above the Y110 level as widely expected with the trend firmly in… Read more

The Euro (EUR) after surviving the 1.3000 test during the Asian session the single currency reversed and we saw a rally higher into Europe back above 1.3100 in a positive day for range traders. The next resistance is close at 1.3125 and if broken then… Read more

The Euro (EUR) after surviving the 1.3000 test during the Asian session the single currency reversed and we saw a rally higher into Europe back above 1.3100 in a positive day for range traders. The next resistance is close at 1.3125 and if broken then… Read more

The Euro (EUR) the selling continued overnight with a grind lower towards the 1.3000 level but the move was slow and the level was not tested. The outlook is negative with the post Greece bailout price action suggesting little support the single currency and the… Read more

The Euro (EUR) the EUR/USD broke below 1.3100 hitting small stops but there was little interest for a move lower and we saw a modest reversal heading into the US session. The EUR/GBP also rallied breaking above 0.8400 for fresh March highs. Supporting was talk… Read more

The Euro (EUR) the rally post Greece bailout fizzled with the ISDA calling the debt swap deal a credit event and the USD well supported post nonfarm Jobs data. The market closed just above 1.3100 and a move lower Monday is very possible while the… Read more

The Euro (EUR) the positive news continued to roll in with the final bond swap take up looking to approach 95% and the EUR/USD took advantage to rally to 1.3280. The ECB held at 1.0% as expected and little was added from the press conference…. Read more

The Euro (EUR) the EUR/USD tested 1.3100 before reversing on news that the more private creditors will accept the debt swap today and the US Fed was potentially looking at more measures to support the US economy and keep rates low. The ECB also meet… Read more

The Euro (EUR) Greece fears pushed the major down to 1.3100 but this level held firm and we saw a small bounce into the close and Asian morning Wednesday. The outlook is very uncertain ahead of the ECB and Debt deadline tomorrow with the potential… Read more

The Euro (EUR) the EUR/USD dipped to day lows in the European session 1.3160 before reversing with the recovery in US stocks but the move higher was mild and resistance was stiff above 1.3225. Support was seen coming from the EUR/JPY cross which bounced off… Read more