Tag Archives: eurusd

2 June: Forecast: FX: US$/Majors

  EURUSD: 1.1213 EurUsd traded a tight 1.1201/56 range on Thursday, weighed down by the strong ADP jobs figure which supported the dollar against all the majors into the end of the session while waiting on the outcome of Friday’s NFP figure. A neutral stance is still required although the dailies do look as if they may be… Read More »

29 May: Forecast: FX: US$/Majors

  EURUSD: 1.1178 The Euro was under a little downside pressure heading into the weekend, with the dollar being supported by the better than expected GDP and Durable Goods figures. The pair finished near the lows of 1.1160 and looks set to remain under pressure early in the coming week. While the dailies still look constructive, they may… Read More »

26 May: Forecast: FX: US$/Majors

  EURUSD: 1.1210 EurUsd traded a tight 1.1193/1.1250 range on Thursday, leaving the outlook unchanged. While the dailies still look constructive, the short term momentum indicators are now mixed and it may be that Friday will be another choppy session, with little to drive direction until the US session, when the GDP and Durable Goods Orders may provide… Read More »

22 May: Forecast: FX: US$/Majors

  EURUSD: 1.1207 The EurUsd rally resumed on Friday after some brief consolidation and eventually reached the first major Fibo resistance at 1.1210 which has so fur capped further progress. The Euro was helped along by increased enthusiasm over the EU economic outlook, and with the daily charts still pointing higher further gains look possible in the days… Read More »