EUR Trading Outlook


 
17.4.2014-14.4.2014 11.4.2014-7.4.2014 4.4.2014-31.3.2014 28.3.2014-24.3.2014 21.3.2014-17.3.2014 14.3.2014-10.3.2014 6.3.2014-3.3.2014 28.2.2014-24.2.2014 21.2.2014-17.2.2014 14.2.2014-10.2.2014 7.2.2014-3.2.2014 31.1.2014-27.1.2014 24.1.2014-20.1.2014 17.1.2014-14.1.2014 8.1.2014-8.1.2014 3.1.2014-23.12.2013 19.12.2013-16.12.2013 13.12.2013-9.12.2013 6.12.2013-2.12.2013 29.11.2013-25.11.2013 22.11.2013-20.11.2013 1.11.2013-28.10.2013 25.10.2013-21.10.2013 18.10.2013-14.10.2013 11.10.2013-7.10.2013 2.10.2013-30.9.2013 27.9.2013-16.9.2013 13.9.2013-11.9.2013 23.8.2013-12.8.2013 9.8.2013-5.8.2013 30.7.2013-29.7.2013 25.7.2013-22.7.2013 18.7.2013-15.7.2013 12.7.2013-9.7.2013 28.6.2013-24.6.2013 21.6.2013-19.6.2013 7.6.2013-3.6.2013 31.5.2013-28.5.2013 23.5.2013-20.5.2013 17.5.2013-14.5.2013 10.5.2013-6.5.2013 2.5.2013-30.4.2013 26.4.2013-22.4.2013 16.4.2013-16.4.2013 10.4.2013-25.3.2013 21.3.2013-19.3.2013 15.3.2013-11.3.2013 7.3.2013-4.3.2013 1.3.2013-25.2.2013 22.2.2013-18.2.2013 15.2.2013-12.2.2013 8.2.2013-4.2.2013 1.2.2013-28.1.2013 25.1.2013-21.1.2013 18.1.2013-14.1.2013 11.1.2013-7.1.2013 4.1.2013-2.1.2013 27.12.2012-18.12.2012 12.12.2012-10.12.2012 7.12.2012-26.11.2012 22.11.2012-12.11.2012 9.11.2012-5.11.2012 2.11.2012-29.10.2012 26.10.2012-22.10.2012 19.10.2012-15.10.2012 12.10.2012-8.10.2012 5.10.2012-1.10.2012 28.9.2012-24.9.2012 21.9.2012-17.9.2012 14.9.2012-10.9.2012 7.9.2012-3.9.2012 31.8.2012-27.8.2012 24.8.2012-20.8.2012 17.8.2012-13.8.2012 10.8.2012-6.8.2012 3.8.2012-30.7.2012 27.7.2012-23.7.2012 20.7.2012-16.7.2012 13.7.2012-9.7.2012 6.7.2012-2.7.2012 29.6.2012-26.6.2012 22.6.2012-18.6.2012 14.6.2012-11.6.2012 8.6.2012-4.6.2012 1.6.2012-28.5.2012

17th April

AUD/USD: Pivot at 0.9325. Support at 0.9325, 0.9290 and 0.9250. Resistances at 0.9425, 0.9460 and 0.9495. Range trading still in play, for AUD bears, a break of 0.9325 is needed for more confirmation on the downside.

EUR/USD: Decent industrial production data helped the EUR/USD rally, however push was limited by the 200 HMA at 1.3808ish despite repeated attempts lower. Liquidity is drying up as the holiday weekend approaches and as most traders don't find EUR all that compelling right here.

16th April

AUD/USD: Oz slumped to 0.9337 lows before recouping lost ground, heads to the close 0.9352 after bounced off 200-HMA. Support at 0.9325 and 0.9290 zone. Market awaits for Chinese data due in 02:00GMT.

EUR/USD: The pair had been going both ways throughout Europe and NY sessions. The pair held repeated attempts to break the 200 HMA at just under 1.3800, further frustrating the bears that have all but packed it in for the holiday weekend. For now, the pair seems to be unsteady, better wait for further data for better indication on the pair.

15th April

The AUD/USD: Given the strong USD was unable to push the AUD lower, the pair remains in an uptrend. Pivot point at 0.9375, Support at 0.9375, 0.9330 and 0.9290. Resistance comes in at 0.9430 and recent high of 0.9460.

EUR/USD: Europe and NY session continued to sell the EUR/USD on ECB's comment in the weekend. However, NY make sure they do not fall into the short squeeze trap that killed them these past few weeks and maintained cautiously around 1.3808/1.3833 range. Market wait for more signals from ECB and also tensions in Ukraine picks up again.

14th April

AUD/USD: Thursday's shooting star candle saw downside follow through today and the daily RSI begin to roll over from overbought territory. Last week's rally stalled at the base of the weekly cloud. These signals may mean a s-t pullback for the pair is needed.

EUR/USD: Last week, EUR/USD managed to push to a high of 1.3906, however, the rally faded as JPY strength pushed EUR/JPY from 131.56 towards 140.65. In the weekend, ECB stated that the stronger the EUR the greater the need for monetary action. A doji formed on the daily chart and it occurred at the 76.4 Fib of 1.3967-1.3672. At the same time daily RSI hasn't confirmed the new trend high. A pullback for the pair may be due. Good support sits in 1.3805/20 area, bulls remain in charge above that level.


  Go to Euro (EUR) Archive