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EUR Trading Outlook


 
23.10.2014-20.10.2014 17.10.2014-13.10.2014 10.10.2014-8.10.2014 3.10.2014-29.9.2014 26.9.2014-22.9.2014 19.9.2014-15.9.2014 12.9.2014-8.9.2014 4.9.2014-1.9.2014 29.8.2014-25.8.2014 22.8.2014-18.8.2014 15.8.2014-11.8.2014 8.8.2014-4.8.2014 1.8.2014-28.7.2014 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

21th February

AUD/USD: Daily and weekly RSI continues its biased down trend. A close below 0.8910 would confirm a stronger downtrend on it. Pivot now at 0.8955, support at 0.8920-25.

EUR/USD: Daily Doji formed which showed uncertainties in EUR/USD, supported by the daily RSI. A break of 1.3674 would suggest longs starting to exit and would start targeting daily cloud base of 1.3585-95.

GBP/USD:  Cable continued to tumble, hitting a low of 1.6625 close to the 200-HMA support before pushing back to 1.6655. Pivot at 1.6680 and support  at 1.6540.

20th February

AUD/USD: The pair broke the 10DMA and the daily cloud base of 0.8981 was challenged. The doji on 18th of Feb showed a downside move and was followed through out the next day, keeping the bulls worried. A break of 0.8970 would help bears gain more confidence and more likely 0.8905 (key support) be tested.

EUR/USD: The daily chart showed a doji forming near the Jan high, RSI diverging and spread narrowing will make bulls panic. Short term resistance at 1.3775 and support near 1.3675 (cloud top, 10DMA, 2/14 low). A break through it would lead to correction from recent rally.

GBP/USD: Cable remain weak as UK jobs data showed an increase to 7.2% (previous 7.1%). Initial support at 1.6670 & 1.6630. Pivot at 1.6735.

 

19th February

AUD/USD: Resistance at 0.9085 and 0.9100. Pivot at 0.8995. Bulls need to push above 0.9085 for a second round of rally.

EUR/USD: Resistance at 1.3770 and 1.3800. Pivot at 1.3690. The pair closed above the 61.8 fib, RSI showing positive momentum and narrowing yield spreads support the rise.

GBP:USD: Resistance 1.6760 & 1.6825. Pivot at 1.6660. Support comes in at 1.6605 if 1.6660 breaks.

USD/JPY: USD/JPY managed to close above the cloud base at 101.53, however, a break of 102.85 (kijun) is needed for further rally.

17th February

Dollar continues to weaken due to poor data and weather condition. Generally, a weaker USD will lead to higher emerging currencies and AUD/USD.

17022014 audusddaily

A break of 0.9075/85 is needed for another rally.


  Go to Euro (EUR) Archive