Tag Archives: eurusd

10 May: Forecast: FX: US$/Majors

  EURUSD: 1.0875 The dollar is firm at the end of Tuesday trade while the Euro remains under pressure following Monday’s spike higher after the French election result, and the pair is finishing near the day’s lows of 1.0862. The momentum indicators now suggest that we are going to see further downside pressure in the days ahead, with… Read More »

2 May: Forecast: FX: US$/Majors

  EURUSD: 1.0903 EurUsd has had an uninspiring inside day on Tuesday, leaving the outlook unchanged. Technically, further choppy trade appears likely, but possibly with a slight upside bias, which should to continue to underpin the Euro in the next couple of days. The initial resistance will now be seen at around 1.2925 and then again at the… Read More »

28 Apr: Forecast: FX: US$/Majors

  EURUSD: 1.0873 The Euro is a little lower today after trading a range of 1.0851/1.0932, capped by Mario Draghi’s slightly dovish outlook for the EU after the ECB left rates unchanged. Technically, there is little change to the outlook, with the initial resistance now seen at 1.0900 and 1.0930, which comes ahead of the stronger level at… Read More »

18 Apr: Forecast: FX: US$/Majors

  EURUSD: 1.0645 The Euro has traded within a tight 1.0602/1.0670 range, in thin conditions, on Monday, having been choppy and without too much direction over the Easter break. Technically, while the dailies remain very mildly negative, the short term momentum indicators are neutral and hint that we may be in for further choppy trade ahead, possibly largely… Read More »