Category Archives: Majors

24 Mar: Forecast: FX: US$/Majors

  EURUSD: 1.0783 EurUsd has had a tight, rangebound session (1.0768/1.0804) leaving the outlook unchanged while waiting on the US healthcare vote. From a technical perspective, another session of choppy trade ahead would not really surprise given the rather mixed look of the momentum indicators. While the 4 hourlies are pointing lower, the dailies remain positive and although… Read More »

23 Mar: Forecast: FX: US$/Majors

  EURUSD: 1.0797 EurUsd has had a choppy session either side of 1.0800 (1.0775/1.0824), but contained below the 2nd Feb high of 1.0829, leaving the outlook unchanged. A similar session ahead would not really surprise given the current, slightly negative look of the short term momentum indicators. The dailies look positive though, and a break of 1.0830 could… Read More »

22 Mar: Forecast: FX: US$/Majors

  EURUSD: 1.0808 The Euro is at the higher end of its 1.0718/1.0818 on Tuesday and looks set to test higher ground ahead although some bearish divergence appears to be forming in the 4 hour charts, and the 2 Feb high at 1.0830 will provide decent resistance. The dailies look positive though, and a break of this level… Read More »

13 Mar: Forecast: FX: US$/Majors

  EURUSD: 1.0674 The Euro headed sharply higher on Friday, reaching a high of 1.0698 following the combination of below-par US hourly-earnings figures and the Bloomberg headline hinting at the possibility of higher rates in the EU before the end of the QE programme. The near term momentum indicators now look as though they have the legs for… Read More »