[B]DAILY MARKET OUTLOOK EUR/USD - 1.0615[/B]
Update Time: [B]13 Mar 2015[/B] [I]00:56 GMT[/I]
Despite euro’s marginal weakness to a fresh 12-year trough at 1.0494 in Asia on Thursday, subsequent strong rebound to 1.0643 in European morning on active short-covering and then a brief jump to 1.0684 on release of weak U.S. retail sales signals mid-term downtrend has made a temporary low there and a long-overdue correction towards 1.0700 level is envisaged.
On the downside, only a daily close below 1.0556 (previous resistance, now support) would indicate above mentioned recovery is over instead and yield re-test of 1.0494, break, 1.0430/40.
[B]DAILY MARKET OUTLOOK ON MAJOR EUR/USD[/B]
Update Time: [B]16 Mar 2015[/B] [I]01:20 GMT[/I]
[B]EUR/USD - 1.0515[/B]
Despite euro’s intra-day fall below Friday’s fresh 12-year trough at 1.0462 to 1.0457 (Reuters) in New Zealand, subsequent intra-day rebound suggests choppy trading would be seen in Asia.
However, reckon 1.0566 (previous sup, now resistance) would cap upside and bearishness remains for another decline later, below 1.0457 would extend weakness to 1.0436 and then 1.0400.
On the upside, only a daily close above 1.0636 would indicate a temporary low is made and yield retracement towards 1.0684 (last Thursday’s high).
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]17 Mar 2015[/B] [I]01:13 GMT[/I]
[B]EUR/USD - 1.0555[/B]
Despite euro’s initial fall below Friday’s fresh 12-year trough at 1.0462 to 1.0457 (Reuters) in yesterday’s New Zealand, subsequent intra-day rally to 1.0620 (New York) signals recent strong downtrend has ‘finally’ made a temporary low there and stronger retracement towards chart objective at 1.0684 is likely before prospect of a retreat.
On the downside, only below 1.0498 (yesterday’s European morning support) would indicate correction is over instead and bring subsequent weakness towards 1.0457.
DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 18 Mar 2015 00:57 GMT
EUR/USD - 1.0606
Despite euro’s rally from Monday’s fresh 12-year trough at 1.0457 to as high as 1.0651 yesterday, subsequent intra-day retreat to 1.0584 in New York suggests 1st leg of correction has ended there and choppy trading with mild downside bias remains.
Below 1.0584 would bring weakness to 1.0551 (yesterday’s low in Asia) but support at 1.0498 should remain intact.
On the upside, only above 1.0651 would yield stronger retracement of recent strong downtrend to 1.0684 but reckon resistance at 1.0717 would remain intact.
[B]DAILY MARKET OUTLOOK on Major EUR/USD[/B]
Update Time: [B]20 Mar 2015[/B] [I]00:48 GMT[/I]
[B]EUR/USD - 1.0663[/B]
Despite euro’s rally from 1.0580 to as high as 1.1062 Wednesday, renewed broad-based strength in greenback pressured price sharply from there and the single currency tumbled to 1.0613 in yesterday New York.
This is suggesting the said correction has ended and choppy trading with downside bias would be seen.
Looking ahead, a daily close below 1.0551 support would confirm this view and bring re-test of the said temporary low later this month.
On the upside, only above 1.0820 (previous support) would prolong choppy trading but reckon resistance at 1.0920 would remain intact.
[B]DAILY MARKET OUTLOOK on Major EUR/USD[/B]
Update Time: [B]23 Mar 2015[/B] [I]01:06 GMT[/I]
[B]EUR/USD[/B] - 1.0815
Euro’s rally from last Thursday’s low at 1.0613 to as high as 1.0882 last Friday signals correction from last Wednesday fresh 2-week peak at 1.1062 has ended there earlier and consolidation with upside bias remains.
A daily close above 1.0920 would encourage for gain towards 1.1000 but said temporary is likely to hold this week.
Looking ahead, only above 1.1062 would extend erratic up move from last Monday’s fresh 12-year trough at 1.0457 towards 1.1140/50.
On the downside, below 1.0695 would prolong choppy trading but above mentioned support at 1.0613 should remain intact.
[B]DAILY MARKET OUTLOOK on Major EUR/USD[/B]
Update Time: [B]24 Mar 2015[/B] [I]01:12 GMT[/I]
[B]EUR/USD - 1.0936[/B]
Euro’s rally from last Thursday’s low at 1.0613 to as high as 1.0972 yesterday signals correction from last Wednesday fresh 2-week peak at 1.1062 has ended there earlier and consolidation with upside bias remains.
Looking ahead, above 1.1062 is needed to extend erratic up move from last Monday’s fresh 12-year trough at 1.0457 towards 1.1140/50.
On the downside, below 1.0882 (Friday’s high, now support) would prolong choppy trading but reckon 1.0834 would contain pullback.
[B]DAILY MARKET OUTLOOK EUR/USD[/B]
Update Time: [B]25 Mar 2015[/B] [I]01:11 GMT[/I]
Although euro’s rally from last Thursday’s low at 1.0613 to as high as 1.1029 yesterday signals correction from last Wednesday fresh 2-week peak at 1.1062 has ended there earlier, subsequent intra-day sell off to 1.0891 in New York suggests further choppy trading would be seen and near term downside bias is seen for weakness towards 1.0820/30.
However, reckon sup at 1.0767 would hold and bring rebound later.
Looking ahead, above 1.1062 is needed to extend erratic upmove from last Monday’s fresh 12-year trough at 1.0457 towards 1.1140/50.
[B]DAILY MARKET OUTLOOK on Major EUR/USD
[/B]
Update Time: [B]26 Mar 2015[/B] [I]01:13 GMT[/I]
Although euro’s rally from last Thursday’s low at 1.0613 to as high as 1.1029 Tuesday signals correction from last Wednesday fresh 2-week peak at 1.1062 has ended there earlier and despite subsequent sell off to 1.0891.
Yesterday’s rebound to 1.1014 suggests consolidation with upside bias remains but only above 1.1062 would extend erratic upmove from last Monday’s fresh 12-year trough at 1.0457 towards 1.1140/50.
Below 1.0890 would indicate a temporary top is made and shift risk to downside for weakness to 1.0834 but support at 1.0767 should remain intact.
[B]DAILY MARKET OUTLOOK on Major EUR/USD[/B]
Update Time: [B]27 Mar 2015[/B] [I]01:05 GMT[/I]
Despite euro’s rally to 1.1052 in Europe yesterday, price retreat after being capped below last Wednesday’s post-FOMC high at 1.1062 and then tumbled to 1.0856 in New York.
This suggests further choppy trading inside recent broad range of 1.1062-1.0613 would continue and consolidation with downside bias is seen for weakness towards 1.0830/40 before prospect of a rebound.
On the upside, only above 1.0940/50 would indicate a low is possibly made and bring gain towards 1.1000.
[B]DAILY MARKET OUTLOOK on Major EUR/USD[/B]
Update Time:[B] 31 Mar 2015[/B] [I]01:39 GMT[/I]
[B]
EUR/USD [/B]- 1.0822
Yesterday’s erratic decline to 1.0810 due to renewed market concerns over Greek debt suggests euro’s early rebound from last Friday’s 1.0801 low, although strong, had ended at 1.0949 and decline from last week’s peak at 1.1052 (Thursday) would resume towards chart objective at 1.0767 after consolidation.
However, loss of downward momentum should keep price above 1.0742/46 and risk has increased for a retracement of aforesaid fall later today or tomorrow.
On the upside, a firm rise above Monday’s European high would be the 1st signal a low is in place and risk gain to 1.0910/20 and then later towards 1.0949.
[B]DAILY MARKET OUTLOOK on Major EUR/USD[/B]
Update Time: [B]02 Apr 2015[/B] [I]01:12 GMT[/I]
[B]EUR/USD[/B] - 1.0757
Euro’s sell off from last Thursday’s high of 1.1052 to as low as 1.0713 Tuesday due to worries over Greece debts signals price would continue to gyrate inside early established broad range of 1.1062-1.0613.
Despite yesterday’s intra-day rebound to 1.0800, reckon 1.0845 would limit upside and yield another decline later, below 1.0713 would extend weakness to 1.0695 but near term loss of momentum should keep price above support at 1.0656 today.
On the upside, only a daily close above 1.0845 would confirm a low is made and yield gain towards 1.0900 before prospect of a retreat.
[B]DAILY MARKET OUTLOOK on Major EUR/USD[/B]
Update Time: [B]09 Apr 2015[/B] [I]01:03 GMT[/I]
[B]EUR/USD[/B] - 1.0765
Yesterday’s breach of Tuesday’s low at 1.0803 to 1.0763 signals price would continue to gyrate inside early broad range of 1.1062-1.0613 and downside bias is seen for decline from Monday’s high of 1.1036 to pressure price to 1.0713 before rebound occurs due to near term loss of momentum.
On the upside, only a move above 1.0887 (yesterday’s high) would indicate a low made and bring gain towards resistance at 1.0955.
[B]DAILY MARKET OUTLOOK on Major EUR/USD[/B]
Update Time:[B] 13 Apr 2015[/B] [I]01:13 GMT[/I]
[B]EUR/USD[/B] - 1.0612
Euro’s breach of previous key support at 1.0613 to 1.0567 last Friday signals correction from March’s 12-year trough at 1.0457 has ended earlier at 1.1062 and consolidation with downside bias remains for further weakness to 1.0500/10, then 1.0457 later this week.
On the upside, only a move back above 1.0713 (previous support) would indicate a temporary low is made and shift risk to upside for gain towards 1.0778/89.
[B]DAILY MARKET OUTLOOK on Major EUR/USD[/B]
Update Time: [B]14 Apr 2015[/B] [I]01:12 GMT[/I]
Although euro’s breach of previous key support at 1.0613 to 1.0567 last Friday and then 1.0521 in Europe yesterday signals correction from March’s 12-year trough at 1.0457 has ended earlier at 1.1062.
Subsequent intra-day rebound to 1.0610 in New York suggests choppy consolidation would be seen before another decline to take place later this week.
Above 1.0610 would bring stronger gain to 1.0635 and then 1.0655/65 but 1.0684 resistance should cap upside.
On the downside, below 1.0521 would retain bearishness for a re-test of aforesaid low at 1.0457.
B]DAILY MARKET OUTLOOK on Major EUR/USD[/B]
Update Time: [B]15 Apr 2015[/B] [I]01:23 GMT[/I]
[B]EUR/USD - 1.0635[/B]
Despite euro’s rally from 1.0532 to as high as 1.0708 on Tuesday, subsequent retreat suggests the rebound from Monday’s near 1-month trough at 1.0521 has possibly ended there and consolidation with downside bias would be seen, a break of 1.0611 (previous resistance) would confirm this view and yield weakness to 1.0558/60, then re-re-test of 1.0521 later.
On the upside, only above 1.0708 would bring stronger retracement of recent erratic decline from March’s peak at 1.1062 to 1.0738 and then 1.0778.
[B]DAILY MARKET OUTLOOK on Major EUR/USD
DAILY MARKET OUTLOOK [/B]
Update Time: [B]16 Apr 2015[/B] [I]01:09 GMT[/I]
Euro’s intra-day breach of Tuesday’s high of 1.0708 to 1.0746 shortly after Asian open signals erratic rise from Monday’s 4-week trough at 1.0521 has resumed and further gain to 1.0778-1.0789 would be seen.
However, reckon 1.0803 (previous sup, now resistance) would cap upside due to near term loss of momentum and yield retreat later.
On the downside, only a move back below 1.0664 (Wed’s NY afternoon sup) would indicate a top is possibly made and shift risk to downside for weakness towards 1.0615/25.
[B]DAILY MARKET OUTLOOK on Major EUR/USD[/B]
Update Time: [B]17 Apr 2015[/B] [I]01:20 GMT[/I]
[B]EUR/USD - 1.0775[/B]
Euro’s rally above Wednesdays high of 1.0747 to 1.0818 yesterday signals erratic rise from Monday’s 4-week trough at 1.0521 to retrace the entire fall from March’s peak at 1.1062 has resumed and further gain to 1.0855 (61.8% r of 1.1062-1.0521) would be seen.
However, near term overbought condition should prevent sharp move beyond there today and risk has increased for a strong retreat later.
On the downside, only a daily close below 1.0685 (yesterday’s New York morning support) would indicate a top is possibly made and shift risk to downside for weakness towards 1.0615/25.
[B]DAILY MARKET OUTLOOK on Major EUR/USD[/B]
Update Time: [B]20 Apr 2015[/B][I] 01:17 GMT[/I]
[B]EUR/USD - 1.0811[/B]
Despite euro’s retreat after extending last week’s upmove from 1.0521 (Monday) to 1.0849 Friday, subsequent rebound from 1.0734 in New York.
This suggests pullback has ended there and consolidation with upside bias remains, above said resistance anytime would bring stronger retracement of decline from March’s peak at 1.1062 towards 1.0890/00.
On the downside, only a daily close below 1.0734 would indicate a top is possibly made and shift risk to downside for weakness towards 1.0685 and then 1.0640/50.
[B]DAILY MARKET OUTLOOK on Major EUR/USD[/B]
Update Time: [B]21 Apr 2015[/B] [I]01:22 GMT[/I]
[B]EUR/USD - 1.0742[/B]
Despite euro’s retreat after extending erratic rise from last Monday’s 4-week trough at 1.0521 to 1.0849 Friday, as this move signals decline from March’s peak at 1.1062 has formed a temporary low there, choppy trading with mild upside bias remains.
Reckon 1.0680/85 would contain weakness and yield rebound later.
Above 1.0805 (Monday’s top in Europe) signals pullback over and bring another leg of correction to re-test 1.0849, break, 1.0880/90.