[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]12 Jan 2016[/B] [I] 02:12 GMT[/I]
[B]EUR/USD - 1.0848[/B]
Although euro’s erratic fall to 1.0848 in New York session after yesterday’s initial brief rise to a fresh 1-week peak at 1.0970 in Australia suggests upmove from December’s bottom at 1.0711 has made a temporary top there, as long as support at 1.0803 holds, outlook remains mildly bullish for a rebound but only above 1.0934 would indicate pullback over and yield re-test of 1.0970, break would extend gain to 1.0993 and then 1.1013 later.
On the downside, below 1.0803 would dampen present bullishness on euro and yield weakness towards 1.0771 but aforesaid low at 1.0711 should remain intact.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]13 Jan 2016[/B] [I]02:09 GMT
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[B]EUR/USD - 1.0834[/B]
Euro’s erratic rise from last Tuesday’s low of 1.0711 to 1.0970 on Monday signals fall from December’s peak at 1.1060 has ended and despite subsequent retreat to 1.0820 in yesterday’s New York session.
As long as support at 1.0803 holds, choppy trading with upside bias remains but a daily close above 1.0970 needed to encourage for a re-test of 1.1060 later.
On the downside, below 1.0803 would prolong choppy sideways trading but support at 1.0711 should remain intact.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]18 Jan 2016[/B] [I]04:13 GMT[/I]
[B]EUR/USD - 1.0906[/B]
Despite euro’s intra-day rally to as high as 1.0985 on last Friday, subsequent retreat suggests recent upmove from January’s low at 1.0710 has formed a temporary top there and mild downside bias would be seen for weakness towards 1.0900, however, as broad outlook remains consolidative, reckon support at 1.0872 would remain intact and yield rebound.
On the upside, only above 1.0985 would revive bullishness for gain towards 1.1010/13 before prospect of a retreat later today. Below 1.0872 would abort and risk stronger retracement towards 1.0854.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]25 Jan 2016 [/B] [I]02:21 GMT[/I]
[B]EUR/USD - 1.0802[/B]
As euro has remained under pressure on Friday after meeting renewed selling at 1.0863 in Europe and later weakness to 1.0789 in New York due to rebound in global stocks caused by a 10%-plus rally in crude oil price, suggesting re-test of last week’s low at 1.0776 (Thursday) would be seen, break would extend early erratic decline from 1.0985 to 1.0730/40, however, reckon Jan’s bottom at 1.0711 would remain intact.
On the upside, above 1.0863 would ‘prolong’ recent choppy sideways swings and may risk another bounce towards 1.0901.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]01 Feb 2016[/B] [I]05:33 GMT[/I]
[B]EUR/USD - 1.0845[/B]
The single currency’s selloff from last Thursday’s high at 1.0968 to 1.0810 on Friday suggests further choppy trading inside recently established range of 1.0985-1.0776 would continue with downside bias and marginal weakness from here is likely.
However, indicated lower level should remain intact and bring another rebound later today.
On the upside, only above 1.0926 would revive bullishness for gain towards 1.0968, then 1.0985, break would extend recent upmove towards 1.1010/20.
[B]DAILY MARKET OUTLOOK[/B]
Update Time:[B] 05 Feb 2016[/B] [I] 05:06 GMT[/I]
[B]EUR/USD - 1.1194[/B]
Euro consolidates in subdued Asian morning after 2 days of sharp gains and sideways trading below yesterday’s fresh 3-month peak of 1.1239 may well hold ahead of release of key U.S. jobs data. As long as 1.1145 (Wed’s high, now sup), recent uptrend would head to next retracement objective at 1.1260, however, near term loss of momentum is likely to cap price below 1.1300/10.
On the downside, a firm break of 1.1145 would be the 1st signal temporary top is in place and risk is seen for a stronger correction towards 1.1160 (2015 Dec’s peak) before prospect of another rebound next week.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]11 Feb 2016[/B] 05:02 GMT
[B]EUR/USD - 1.1287[/B]
Despite euro’s intra-day sharp fall to session low of 1.1161 after release of Fed Yellen’s prepared text, subsequent rally to 1.1299 near New York close following Yellen’s Congressional testimony on Capital Hill, then intra-day brief rise to 1.1320 in Asia today suggests correction from Tuesday’s fresh 3-1/2 month peak at 1.1338 has ended and outlook remains mildly bullish for re-test of 1.1338 after consolidation, ‘loss of momentum’ should cap price below previous daily res at 1.1386.
On the downside, only below 1.1220/30 would prolong choppy trading below 1.1338, risk weakness to 1.1190/00, however, reckon 1.1161/63 sup would contain weakness.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]12 Feb 2016 [/B] [I]05:08 GMT[/I]
[B]EUR/USD - 1.1310[/B]
Despite euro’s resumption of recent strong upmove to a fresh 3-1/2 month high of 1.1377, subsequent retreat and intra-day weakness in Asia suggests consolidation is in store ahead of a slew of European eco. data in Europe.
As long as 1.1274/75 sup holds, mild upside bias remains but above 1.1377/87 res area needed to extend to 1.1400.
On the downside, only a daily close below 1.1274 confirms temporary top is made, then risk would shift to the downside for a long-overdue correction to 1.1200/10 but sup at 1.1161 should remain intact.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]16 Feb 2016[/B] [I]05:08 GMT[/I]
[B]
EUR/USD - 1.1176[/B]
Although euro’s selloff below last Friday’s 1.1214 low (now res) and then break of 1.1161 sup to as low as 1.1128 in Monday’s holiday-thinned North American session following dovish comments by ECB President Draghi before the European Parliament confirms medium-term uptrend has made a temporary top at last Thursday’s 3-1/2 month peak at 1.1377, loss of momentum should prevent steep fall today and reckon sup at 1.1086 would contain weakness and bring strong rebound later today or tomorrow.
On the upside, a daily close above 1.1214 would signal at least the 1st leg of correction from 1.1377 has ended, then stronger gain towards 1.1265/75 would follow later this week.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]17 Feb 2016[/B] [I]05:03 GMT[/I]
[B]EUR/USD - 1.1142[/B]
Despite intra-day anticipated brief break of yesterday’s 1.1124 low to 1.1119 at Asian open, as recent decline from last Thursday’s 3-1/2 month peak at 1.1377 is losing ‘downward momentum’, steep fall is not envisaged today and reckon euro’s downside would hold well above last week’s 1.1086 low and bring subsequent rebound.
On the upside, above 1.1147/52 would be the 1st signal said decline has possibly made a temporary low and bring gain to re-test Tuesday’s 1.1193 high, break there would yield stronger retracement to 1.1245/50 later.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]18 Feb 2016[/B] [I] 04:28 GMT
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[B]EUR/USD - 1.1136[/B]
Despite yesterday’s resumption of decline from last Thursday’s 3-1/2 month peak of 1.1377 to 1.1106 in New York morning, subsequent rebound following mildly dovish FOMC minutes suggests temporary low is possibly made and consolidation with upside bias is in store, above 1.1193 would confirm this view and bring stronger retracement to 1.1240/50.
Below 1.1106 would extend marginal weakness, however, loss of downward momentum should prevent steep fall today and reckon daily chart sup at 1.1086 would hold on 1st testing and bring rebound.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]19 Feb 2016[/B] 05:16 GMT
[B]EUR/USD - 1.1123[/B]
Although euro’s break of indicated daily sup at 1.1086 to 1.1071 in New York morning on Thur suggests the medium- term rise from 2015 Dec’s 7-1/2 month bottom at 1.0523 has made a top last week at 1.1377, intra-day rebound in Asia today suggests consolidation with near term upside bias is in store, above 1.1150/57 res would bring stronger retracement to 1.1179, however, reckon res at 1.1193 would hold and yield retreat later today or Monday.
Below 1.1071 would extend to 1.1060 (December’s high, now sup), however, weakening of downward momentum should keep euro above projected sup at 1.0035/40.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]23 Feb 2016[/B] [I]02:45 GMT[/I]
EUR/USD - 1.1043
Euro’s selloff below 1.1067/71 sup (now res) yesterday’s to 1.1003 in New York suggests decline from Feb’s 3-1/2 month peak at 1.1377 would resume after minor consolidation and further weakness to 1.0985 is envisaged.
However, near term loss of momentum should prevent steep fall and reckon 1.3950/60 would hold from here today and risk has increased for a much-needed correction to take place.
On the upside, a daily close above 1.1067 would confirm aforesaid decline has finally formed a temporary low, then stronger retracement to 1.1138/39 would follow, however, res at 1.1193 should remain intact.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]24 Feb 2016[/B] [I]04:48 GMT[/I]
EUR/USD - 1.1010
Although euro is expected to gain respite in Asia following yesterday’s intra-day decline from 1.1052 to 1.0990 following release of downbeat German Ifo data and initial consolidation is in store, outlook remains mildly bearish for recent decline from February’s 1.1377 peak to pressure price to 1.0950/60.
However, loss of near term downward momentum should prevent steep fall and risk has increased for a much-needed minor correction to take place later today or tomorrow.
On the upside, expect 1.1052 to hold and yield one more fall, only a daily close above 1.1067/71 would signal temporary bottom is finally in place and may bring stronger retracement towards 1.1093.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]25 Feb 2016[/B] [I]04:00 GMT[/I]
EUR/USD - 1.1027
Although yesterday’s rally from a fresh 3-week bottom of 1.0957 to as high as 1.1046 in New York session confirms euro’s recent decline from February’s 1.1377 peak has finally made a temporary low and 1-2 days of choppy consolidation is in store, as long as 1.1067/71 (previous ups, now res) holds, downside bias remains.
Below 1.0957 needed to extend marginal weakness, loss of momentum should keep price well above minor chart at 1.0904.
A firm rise above 1.1071 would signal long-awaited correction of aforesaid decline has taken place and risk stronger retracement towards 1.1138/39 before prospect of retreat next week.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: 26 Feb 2016 03:38 GMT
EUR/USD - 1.1049
Despite yesterday’s intra-day choppy swings after early decline to to Wed’s 3-week trough at 1.0957, subsequent rebound from 1.0987 to 1.1050 in New York session, then intra-day brief rise to 1.1060 in Asia today suggests recent fall from Feb’s 3-1/2 month peak at 1.1377 has made a temporary low and consolidation with upside bias remains for a long-overdue correction to 1.1090/00, near term o/bot condition should cap euro below 1.1138/39 res.
On the downside, only below 1.0987 sup suggests correction is over and risks re-test of 1.0957, however, loss of downward momentum should keep price well above minor daily sup at 1.0904 today.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]29 Feb 2016[/B] [I]04:35 GMT[/I]
EUR/USD - 1.0925
Euro’s intra-day selloff in New York session on Friday after release of a slew of upbeat U.S. economic data and subsequent breach of 1.0957 sup (now res) to a fresh 3-week trough of 1.0911/12.
This suggests recent decline from February’s 1.1377 peak to retrace medium-term upmove from 1.0523 (2015 December bottom) would pressure price towards 1.0849 (61.8% r) later this.
Today, outlook remains bearish for weakness to 1.0880/90 after consolidation and only a daily close above 1.0957 would indicate temporary low is in place and risk stronger retracement towards 1.1020/30 but res at 1.1068 (Friday’s high) should remain intact.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]01 Mar 2016[/B] [I] 04:33 GMT[/I]
EUR/USD - 1.0880
Despite yesterday’s anticipated resumption of recent decline from February’s 1.1377 peak to a fresh 3-week low of 1.0859 after data showed euro zone moved back into deflation, subsequent minor recovery in New York due to downbeat U.S. economic data suggests consolidation is in store.
As long as 1.0912 (last Friday’s low, now res) holds, marginal weakness is likely, however, loss of near term downward momentum should keep price above 1.0810 sup and bring correction later today or tomorrow.
A firm rise above 1.0912/22 would be the 1st signal temporary bottom is in place and bring stronger retracement twd 1.0957/63.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]09 Mar 2016 [/B]04:20 GMT
[B]EUR/USD - 1.0993[/B]
Despite yesterday’s anticipated resumption of upmove from last Wed’s 1-month bottom at 1.0826 to 1.1058 in New York morning on broad-based retreat in global equities, subsequent strong retreat to 1.0993 signals aforesaid rise has indeed formed a temporary top there and choppy trading with near term downside bias is seen ahead of Thursday’s ECB monetary policy meeting, however, reckon sup at 1.0940 would contain weakness and bring rebound later today or tomorrow.
Only above 1.1058/68 res area is needed to revive bullish prospect of further subsequent headway to 1.1100/05 whilst below 1.0940 may risk stronger retracement twd 1.0904.
[B]DAILY MARKET OUTLOOK[/B]
Update Time:[B] 11 Mar 2016 [/B] [I]04:30 GMT[/I]
EUR/USD - 1.1200
Despite euro’s intra-day selloff from 1.0990 to a fresh 1-month low of 1.0822 after anticipated ECB’s rate cut and more easing measures, subsequent short-covering rebound and then a sharp rally to as high as 1.1218 following ECB President Draghi’s ‘no further rate cuts’ comments confirms correction from February’s 3-1/2 month peak at 1.1377 has ended there and outlook remains supportive for re-test of said res level later this month.
Today, expect 1.1116 would contain pullback and yield further headway to 1.1250 after consolidation but 1.1290/00 should cap upside.
On the downside, only below 1.1116 signals temporary top has been made and yield 1-2 days of consolidation before prospect of further rise.