EUR Trading Outlook Archive

The Euro (EUR) surged back to life gaining on the back of Strong Chinese GDP in Asia and the QE3 comments from Bernanke in the US session. The break above 1.4200 late in day is a stunning reversal from the depths seen on Tuesday. Overall… Read more

The Euro (EUR) crashed lower in Europe falling as far as 1.3850 on debt contagion fears before rumors of Chinese Greece debt buying helped spark an aggressive short covering rally. The market moved back above 1.4000 on the FOMC minutes and the QE3 talk but… Read more

The Euro (EUR) bore the brunt of the Italy led risk aversion with the Euro opening at 1.4250 and falling steadily to test 1.4000. EUR/JPY was even weaker falling below Y113. The market is on edge that the Greece debt solution will involve a default… Read more

The Euro (EUR) fell heavily in Europe as focus turned to Italy with concerns that heavily indebted could be the next domino to fall in the saga. The market bounced on the Weak US data but the sellers came back in to leave the EUR/USD… Read more

The Euro (EUR) saw day lows in the European session before the ECB meeting and Trichet Press conference. The market turned around after the ECB raised rates as expected and Trichet commented they will be accepting Junk rated Portugal bonds as collateral for ECB bonds…. Read more

The Euro (EUR) was under pressure as Europe reacted to the Portugal downgrade the night before in the US session. The major plummeted to 1.4300 but support was found and consolidated ahead of todays expected rate rise from the ECB. Overall the EUR/USD traded with… Read more

The Euro (EUR) more negative ratings news hurt the sentiment but the longs are hard to shake out with the ECB meeting fast approaching with forecast of a rate hike. Crosses took advantage though and EUR/GBP slipped below 0.9000 and EUR/JPY broke Y115. Overall the… Read more

The Euro (EUR) dipped from highs on Friday and early Monday on comments from S&amp P that a Greek Debt rollover plan put forth from French banks would still constitute a selective default. The news sent the Euro back below 1.4500 before stabilizing and recovering… Read more

The Euro (EUR) extended gains on the strong risk appetite but topside was limited as some support came through for the USD after the strong US data. With the end of QE2 the market will be reacting to US data with more of a response… Read more

The Euro (EUR) broke above 1.4500 in Asia but topped out above the key level and found profit taking pressure for the rest of the day. The market has had major gains in the last few sessions so some consolidation is healthy for the bulls… Read more