Tag Archives: eurusd

6 Apr: Forecast: FX: US$/Majors

  EURUSD: 1.0664 EurUsd has had a choppy but rangebound session, while waiting on the Trump/Xi meeting, due later today, leaving the outlook unchanged. Although it may remain rangebound ahead of the Trump/Xi showdown, the dailies are still pointing lower and if we break below the 1.0635 lows, where we now have a minor double bottom, and the… Read More »

27 Mar: Markets steady after Congress’ failure to pass the healthcare bill. Article 50 to be the main event this week.

  Markets were choppy but generally rangebound on Friday despite the failure to make any progress on Donald Trump’s healthcare bill. In terms of data, the US durable goods orders jumped 1.7% in February versus expectation of 1.2% while the Euro was underpinned by some solid PMI data. The EU PMI manufacturing rose to 56.2 in March, up… Read More »

27 Mar: Forecast: FX: US$/Majors

  EURUSD: 1.0797 €/Usd had a rangebound session on Friday (1.0760/1.0817), with the market surprisingly, little moved by Trump’s inability to get his healthcare act passed through Congress, leaving the outlook unchanged on Monday. From a technical perspective, after moving sideways on Friday, the short term momentum indicators are now looking neutral, so another choppy session today would… Read More »

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 »