EUR Trading Outlook
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.
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.
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.
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.
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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