EUR Trading Outlook


 
25.7.2014-21.7.2014 18.7.2014-14.7.2014 11.7.2014-7.7.2014 3.7.2014-30.6.2014 27.6.2014-23.6.2014 20.6.2014-16.6.2014 13.6.2014-10.6.2014 4.6.2014-2.6.2014 28.5.2014-26.5.2014 23.5.2014-19.5.2014 16.5.2014-12.5.2014 9.5.2014-5.5.2014 2.5.2014-28.4.2014 25.4.2014-22.4.2014 18.4.2014-14.4.2014 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

14th March

AUD/USD: The pair broke hourly support near 0.9040 and made to a low of 0.9013 at the 200 hour MA. USD weakness came in later in the day which had the pair recover to above 0.9025. Another long upper wick on the daily candle ahead of 200 DMA could be a warning sign for the bulls.

EUR/USD: The pair cleared the 1.3950 barrier and stops were run to a high of 1.3967. No further gains were seen as EUR/JPY slid off, ECB comment hit the pair hard and tensions in Ukraine. Intra day support at 1.3930/35.

13th March

AUD/USD: Range trading still in play, major support 0.8880-90 and resistance at 0.9130.

EUR/USD: The pair initially dropped to a low of 1.3843 but got lifted by German Fin Min Schaeuble's statement that interest rate levels are too low for the medium term. The pair spiked immediately above 1.3900. Resistance at 1.3930.

NZD/USD: RBNZ decided to increase interest rate to 2.75% this morning, resistance at 0.8552 and 0.8581.

12th March

AUD/USD: A test of 0.8920/35 support ( 55 DMA, cloud top) looks likely if risk sentiments remains negative. If breaks, then last week's low of 0.8891 should be tested. However, with Oz employment data coming out tomorrow, it should be hard to test that level yet but if the data disappoints, we could see AUD/USD see January low tested.

EUR/USD: Long upper & lower wicks on recent daily candlesticks suggest consolidation is taking hold. With little data due until Thursday and Friday, ranges may hold.

11th March

AUD/USD: Tech suggest lower levels are due. AUD/USD failed to hold above the 21 week MA & 38.2 Fib and downard biased day/week RSI should give bears the edge. Bid remain at 0.8995/10 area where the 10 & 21 DMA reside, a break below would open a test for last week's low of 0.8890.

EUR/USD: The pair managed to hold above 1.3880 but rallies were limited as ECB's Noyer stated displeasure with the Euro's rise. The pair slipped to a low of 1.3862. Resistance still at 1.3920-30 area, 4 hour pivot at 1.3850 and next support at 1.3815.

10th March

AUD/USD: Pivot is now at 0.9130 with support at 0.9030 and 0.90. AUD is still holding strongly above the support. Further soft data from China and Australia would push the pair below 0.90 back to early last week's 0.89 area.

 

EUR/USD: Barrier protective offers ahead of 1.3925 aided to cap the lift on EUR/USD. Strong NFP data pushed down the EUR/USD gains. However the slide was stalled by Asian & mid-easy buyers. Pivot at 1.3850 and resistance at 1.3920-1.3930.


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