EUR Trading Outlook Archive

The Euro (EUR) EUR/USD rally extended on Friday to 1.3200 but lacked the Greek confirmation to push above the level and closed at 1.3150. The Asian open saw a break above 1.3200 and consolidation ahead of the European session. The EU finance ministers are meeting… Read more

The Euro (EUR) in a failure for the bears the 1.3000 level held firm and then short covering spurred the sharp move high on the Greece loan news. EUR/JPY is also at year highs as the relief rally continues and we are seeing a more… Read more

The Euro (EUR) more rating downgrades from banks to countries in recent days are adding sustained pressure to the EUR/USD which is likely to test 1.3000 in coming sessions. The Greece situation is also continuing to linger with concern that the politicians lack the will… Read more

The Euro (EUR) the EUR/USD staged a slight recovery in Europe after the German February ZEW survey improved to 5.4 vs. -21 previously. The Rally was short-lived as the Greece drama rolled on and the Moody’s downgrades encouraged fresh selling above 1.3200. In US stocks,… Read more

The Euro (EUR) the 2 notch downgrade of Spain and 1 notch on Italy saw the EUR/USD test 1.3150 in Asia and break going into Europe on Tuesday. The Greece situation had only just started to stabilize and the new negative news may be too… Read more

The Euro (EUR) the EUR/USD dipped under 1.3200 but found good support at 1.3160 and is currently tracking higher back towards 1.3300 as the successful Greece vote inspires fresh risk taking. In US stocks, DJIA -89 points closing at 12801, S&P -9 points closing at… Read more

The Euro (EUR) the EUR/USD traded at fresh highs briefly above 1.3300 on the back of the Greece breakthrough and ECB President Draghi comments that there were tentative signs of stabilization to economic outlook. In US stocks, DJIA +6 points closing at 12890, S&P +2… Read more

The Euro (EUR) the EUR/USD attempted to break strong resistance at 1.3280 but dipped on news that critical debt negotiations had stalled. The latest stumbling block is the pension reforms proposed in the new budget to help reduce the projected deficit. In US stocks, DJIA… Read more

The Euro (EUR) the EUR/USD found support at 1.3100 and surged to 1.3270 on the Greece austerity news before consolidating the gain in Asia. The mood is improving and we are looking to the topside as fears continue to ease that the debt crisis will… Read more

The Euro (EUR) dipped towards 1.3000 as Greece missed the deadline to come to an agreement with the troika about a second bailout package and continued the talks into the night with the IMF/EU. German Industrial Orders jumped 1.7% in December vs. a -4.9% drop… Read more