[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]13 Nov 2015[/B] [I]01:12 GMT[/I]
[B]EUR/USD - 1.0800[/B]
Despite yesterday’s intra-day decline from Asian 1.0780 high to 1.0691 following ECB President Draghi’s dovish comments, euro’s subsequent rally to as high as 1.0831 in New York session following speeches by 6 Fed officials confirms recent downtrend has made a temporary low at Tuesdat’s 6-1/2 month trough of 1.0674 and consolidation with upside bias is seen.
As long as 1.0770/80 holds, further gain towards 1.0880/90 is likely before prospect of another fall later today or Monday.
On the downside, only below 1.0734/36 signals correction is possibly over, then risk is seen for subsequent weakness towards 1.0691 but 1.0674 should remain intact.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]16 Nov 2015[/B] [I]01:06 GMT[/I]
[B]EUR/USD - 1.0718[/B]
Despite last week’s rebound from Tuesday’s low at 1.0674 to 1.0831 on Thursday, subsequent retreat and intra-day gap-down open on broad-based risk aversion strongly suggests the correction has ended and consolidation with downside bias remains for erratic decline from 1.1715 to resume and yield re-test of aforesaid low, break would extend towards 1.0650/60 before prospect of a recovery due to loss of momentum.
On the upside, only above 1.0831 would abort daily bearish scenario and risk would shift to the upside for a stronger retracement to 1.0894/98.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]17 Nov 2015[/B] [I]01:35 GMT[/I]
[B]EUR/USD - 1.0682[/B]
Despite last week’s rebound from Tuesday’s low at 1.0674 to 1.0831 on Thursday, subsequent retreat and Monday’s intra-day gap-down open on broad-based risk aversion strongly suggests the correction has ended and consolidation with downside bias remains for erratic decline from 1.1715 to resume and yield re-test of aforesaid low, break would extend towards 1.0650/60 before prospect of a recovery due to loss of momentum.
On the upside, only above 1.0831 would abort daily bearish scenario and risk would shift to the upside for a stronger retracement to 1.0894/98.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]18 Nov 2015[/B] [I]01:03 GMT[/I]
[B]EUR/USD - 1.0638[/B]
Despite last week’s rebound from Tuesday’s low at 1.0674 to 1.0831 on Thursday, subsequent retreat and breach of aforesaid support signals the erratic decline from 1.1715 has once again resumed and consolidation with downside bias would be seen for weakness towards 1.0600/10, then 1.0585/90, however, loss of momentum would keep price above support at 1.0564 and yield a much-needed correction later.
On the upside, only above 1.0831 would abort daily bearish scenario and risk would shift to the upside for a stronger retracement to 1.0894/98.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]19 Nov 2015[/B] [I]01:14 GMT[/I]
[B]EUR/USD - 1.0685[/B]
Despite last week’s rebound from Tuesday’s low at 1.0674 to 1.0831 on Thursday, subsequent retreat and breach of aforesaid support signals the erratic decline from 1.1715 has once again resumed and consolidation with downside bias would be seen for weakness towards 1.0600/10, then 1.0585/90, however, loss of momentum would keep price above support at 1.0564 and yield a much-needed correction later.
On the upside, only above 1.0831 would abort daily bearish scenario and risk would shift to the upside for a stronger retracement to 1.0894/98.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]23 Nov 2015[/B] [I]01:50 GMT[/I]
[B]EUR/USD - 1.0630[/B]
Despite last week’s rebound from Wednesday’s low at 1.0617 to 1.0763 on Thursday, subsequent strong retreat retreat suggests consolidation with downside bias remains for erratic decline from 1.1715 to resume and yield re-test of said support, break would extend to 1.0600/10, then 1.0585/90.
However, loss of momentum would keep price above support at 1.0564 and yield a much-needed correction later.
On the upside, only above 1.0763 would abort daily bearish scenario and risk would shift to the upside for a stronger retracement to 1.0831.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]30 Nov 2015[/B] [I]01:08 GMT[/I]
[B]EUR/USD - 1.0577[/B]
Despite euro’s intra-day decline from 1.0638 to 1.0569 on Friday, subsequent short-covering rebound in New York afternoon suggests further choppy trading above last Wed’s fresh 7-month trough at 1.0569 would continue before recent downtrend resumes, break of said last week’s low would extend weakness to 1.0540/50, loss of momentum should keep price above daily sup at 1.0521 today.
On the upside, only above 1.0638/42 res would prolong near term sideways swings and risk stronger retracement to 1.0689 before prospect of another decline.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B] 01 Dec 2015 [/B] [I]01:17 GMT
[/I]
[B]EUR/USD - 1.0568[/B]
Yesterday’s marginal weakness below last Wednesday’s 7-month trough of 1.0565 to 1.0558 in New York suggests euro’s medium-term downtrend would resume after consolidation and reckon 1.0595/05 res area would hold and yield one more fall.
However, near term loss of momentum should keep price above daily sup at 1.0521 today and bring a long-overdue correction later.
On the upside, a daily close above 1.0605 would be the 1st signal temporary low is in place, then euro would move higher to 1.0638/42 but last week’s high at 1.0689 (Wed) should cap upside.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]02 Dec 2015[/B] [I]01:25 GMT[/I]
[B]EUR/USD - 1.0621[/B]
Euro finally gained respite yesterday and staged an erratic rise to 1.0637 in New York morning as soft U.S. data triggered broad-based long liquidation in the greenback which had begun in Asia.
Although euro’s aforesaid rebound to 1.0637 confirms recent downtrend has made a temporary low at Monday’s 7-1/2 month bottom at 1.0558 and choppy trading above there is expected ahead of Thursday’s ECB monetary policy meeting, near term overbought condition should cap price well below res at 1.0689 and yield subsequent retreat.
Intra-day, as long as 1.0575/85 sup holds, upside bias remains for marginal gain and only below said sup would risk weakness towards 1.0558.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]03 Dec 2015[/B] [I]02:32 GMT[/I]
[B]EUR/USD - 1.0597[/B]
Despite euro’s intra-day selloff in New York session on upbeat U.S. data and then marginal break of Monday’s 1.0558 low to a fresh 7-1/2 month trough of 1.0550 following hawkish comments by Fed Chair Janet Yellen.
Subsequent swift rebound on short covering to 1.0627 suggests a temporary bottom has possibly been made and choppy consolidation is expected ahead of ECB monetary policy meeting.
Above res at 1.0637/42 would bring stronger retracement of recent downtrend to 1.0689 whilst below 1.0550 yields weakness towards next daily chart sup at 1.0521 before prospect of a much-needed correction
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]04 Dec 2015[/B] [I]01:49 GMT[/I]
[B]EUR/USD - 1.0909[/B]
Euro’s spectacular 3.45% rally from yesterday’s fresh 7-1/2 month bottom of 1.0523 to as high as 1.0981 near New York close confirms recent downtrend has indeed formed a low there and ‘choppy’ trading is seen ahead of release of key U.S. jobs report later today.
As long as 1.0848/53 holds, outlook remains supportive for further gain towards next daily chart objective at 1.1073.
A daily close below said sup area would suggest 1st leg of correction is over, then risk of a stronger retracement towards 1.0752 50% r) can’t be ruled out before prospect of another rise next week.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]07 Dec 2015[/B] [I]03:00 GMT[/I]
[B]
EUR/USD - 1.0859[/B]
Although price has retreated after last week’s spectacular 3.45% rally from Wednesday’s fresh 7-1/2 month bottom of 1.0523 to as high as 1.0981 Friday and further choppy trading would be seen, as said move confirms recent downtrend has indeed formed a low there, upside bias remains for a re-test of said resistance, break would extend towards 1.1000/10 before prospect of correction.
On the downside, a daily close below support area at 1.0770/80 would suggest 1st leg of correction is over, then risk of a stronger retracement twd 1.0752 50% r) can’t be ruled out before prospect of another rise next week.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]09 Dec 2015[/B] [I]01:11 GMT[/I]
[B]EUR/USD - 1.0883[/B]
Although price has retreated after last week’s spectacular 3.45% rally from Thursday’s fresh 7-1/2 month bottom of 1.0523 to as high as 1.0981 and further choppy trading would be seen, as said move confirms recent downtrend has indeed formed a low there, upside bias remains for a re-test of said resistance, break would extend towards 1.1000/10 before prospect of correction.
On the downside, a daily close below support area at 1.0770/80 would suggest 1st leg of correction is over, then risk of a stronger retracement towards 1.0752 50% r can’t be ruled out before prospect of another rise next week.
[B] DAILY MARKET OUTLOOK[/B]
Update Time:[B] 11 Dec 2015[/B] [I] 02:05 GMT
[/I]
[B]EUR/USD - 1.0929[/B]
The single currency’s rise above previous high at 1.0981 to 1.1043 yesterday on dollar’s broad-based weakness signals upmove from last Thursday’s fresh 7-1/2 month trough at 1.0523 has resumed and consolidation with upside bias would be seen for gain towards 1.1070/80, however, loss of momentum would prevent strong gain above there and reckon resistance at 1.1119 would remain intact and yield retreat.
On the downside, a daily close below support area at 1.0770/80 would suggest 1st leg of correction is over, then risk of a stronger retracement towards 1.0752 (50% r) can’t be ruled out before prospect of another rise next week.
[B] DAILY MARKET OUTLOOK[/B]
Update Time:[B] 16 Dec 2015[/B] [I]02:03 GMT[/I]
[B]EUR/USD - 1.0935[/B]
The single currency’s rise above previous high at 1.0981 to 1.1043 last Wednesday on dollar’s broad-based weakness signals upmove from last December’s fresh 7-1/2 month trough at 1.0523 has resumed and consolidation with upside bias would be seen for gain towards 1.1070/80.
However, loss of momentum would prevent strong gain above there and reckon resistance at 1.1119 would remain intact and yield retreat.
On the downside, a daily close below support area at 1.0770/80 would suggest 1st leg of correction is over, then risk of a stronger retracement twd 1.0752 (50% r) can’t be ruled out before prospect of another rise next week.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]17 Dec 2015 [/B][I]01:23 GMT
[/I]
[B]EUR/USD - 1.0875[/B]
Despite a brief spike down to 1.0888 after the Federal Reserve hiked its interest rate by 25 bps for the first time in nearly a decade, the single currency rose to 1.1012.
However, euro’s selloff again in volatile trading to 1.0866 in Australia today suggests the corrective decline from Tuesday’s high at 1.1060 has resumed and consolidation with downside bias would be seen for further weakness towards 1.0830 before prospect of a recovery.
On the upside, only above 1.0959 would indicate the 1st leg of correction is over and turn outlook bullish for gain towards 1.1012 but aforesaid high should hold on 1st testing.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]23 Dec 2015[/B] 01:31 GMT
[B]EUR/USD - 1.0951[/B]
Euro’s intra-day rally above Monday’s 1.0939 high in Europe on Monday and later to session highs of 1.0984 in New York after downbeat U.S. data has justified our recent bullish bias as the early rise from last week’s low at 1.0802 suggests correction from 1.1060 has ended there and consolidation with mild upside bias remains for subsequent headway towards 1.1013.
Therefore, buying euro on dips is recommended and only below yesterday’s low at 1.0903 would dampen bullish scenario, risks weakness to 1.0848/53.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]28 Dec 2015[/B] 01:04 GMT
[B]EUR/USD - 1.0972[/B]
Euro’s intra-day firmness in holiday-thinned Asian trading Monday suggests re-test of last week’s high at 1.0894 (Tuesday) would be forthcoming soon where a break there would signal the correction from December’s 6-week peak at 1.1060 has ended earlier at 1.0870 (Wednesday), then further gain towards 1.1013 would follow later today or tomorrow.
On the downside, only below 1.0924 (previous minor res, now sup) would ‘prolong’ choppy trading and may risk weakness to 1.0903, however, reckon 1.0870 sup should remain intact.
[B] DAILY MARKET OUTLOOK[/B]
Update Time:[B] 30 Dec 2015[/B] [I]02:00 GMT[/I]
[B]EUR/USD - 1.0924[/B]
Yesterday’s selloff from 1.0992 (Europe) to as low as 1.0899 in NY session confirms euro’s early erratic rise from 1.0802 has made a top at 1.0993 on Mon and consolidation with downside bias remains for a strong retracement of this move and as long as 1.0958/60 (previous sup, now res) holds, downside bias is seen for weakness towards 1.0870, however, near term loss of momentum should keep price above 1.0848/53 today.
On the upside, a daily close above 1.0958 would signal pullback is over, then outlook would turn bullish for re-test of 1.0993 and later towards daily res at 1.1013.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: 04 Jan 2016 [I]03:06 GMT[/I]
[B]EUR/USD - 1.0868[/B]
Despite euro’s brief break of last Thursday’s 1.0851 low to 1.0827 in Asia today on initial USD’s broad-based strength following hawkish comments by U.S. Cleveland Fed President Loretta Mester, intra-day rebound suggests choppy sideways trading is in store, as long as 1.0900/10 holds, near term decline from last week’s 1.0993 high may pressure price to 1.0820/25, reckon daily sup at 1.0802 would remain intact.
On the upside, a daily close above 1.0900 signals aforesaid fall from 1.0993 has ended, then further gain to previous res area at 1.0938/44 would be seen.