[B]DAILY MARKET OUTLOOK on Major EUR/USD[/B]
Update Time:[B] 10 Jun 2016 [/B] [I]04:35 GMT[/I]
[B]EUR/USD - 1.1300[/B]
Although euro’s anticipated decline from Thursday’s fresh 1-month peak at 1.1416 (Asia) to as low as 1.1306 in New York and then intra-day weakness below said sup in Asia confirms early upmove from May’s 1.1098 trough has indeed made a temporary top there.
With near term loss of downward momentum it would prevent steep fall and reckon 1.1270/80 would contain downside, bring subsequent rebound but several days of choppy consolidation is now envisaged.
On the downside, only a daily close below 1.1265/70 would shift risk to downside for a stronger retracement of indicated upmove towards 1.1220 (previous res, now sup).
[B]DAILY MARKET OUTLOOK on Major EUR/USD[/B]
Update Time: [B]14 Jun 2016 [/B][I]04:09 GMT[/I]
[B]EUR/USD - 1.1296[/B]
Although euro’s rebound from 1.1232 to 1.1303 (New York) yesterday suggests early decline from last Thursday’s 1-month peak at 1.1416 has made a temporary low and choppy consolidation is in store, reckon res area at 1.1322/37 would cap intra-day again and yield another fall later today, loss of momentum should keep price above 1.1200.
On the upside, only a daily close above 1.1337 would risk stronger gain towards 1.1383/93 before prospect of another retreat.
[B]DAILY MARKET OUTLOOK on Major EUR/USD[/B]
Update Time: [B]15 Jun 2016[/B] [I]04:37 GMT[/I]
[B]
EUR/USD - 1.1211[/B]
Although euro’s selloff below Monday’s low at 1.1232 to 1.1189 in yesterday’s New York morning suggests early rise from May’s bottom at 1.1098 has ended at last Thursday’s 1-month peak at 1.1416 and consolidation with downside bias would be seen, near term loss of momentum should limit downside to 1.1155/65 today and bring rebound later.
On the upside, only a daily close above 1.1303 would indicate a temporary low has been made and bring stronger gain towards 1.1383/93.
[B]DAILY MARKET OUTLOOK on Major EUR/USD[/B]
Update Time: [B]16 Jun 2016[/B] [I] 05:07 GMT[/I]
[B]EUR/USD - 1.1272[/B]
Although euro’s selloff below Monday’s low at 1.1232 to 1.1189 on Wednesday, subsequent rally to 1.1298 in New York yesterday following the release of unchanged Fed’s rate decision and FOMC statement suggests further choppy trading above May’s bottom at 1.1098 would continue with mild upside bias, a daily close above 1.1303 would indicate pullback from last Thursday’s 1-month peak at 1.1416 has ended and yield gain to 1.1353 and later 1.1416 again.
On the downside, only below 1.1189 would bring further weakness to 1.1137 but 1.1098 should hold on 1st testing.
[B]DAILY MARKET OUTLOOK on Major EUR/USD [/B]
Update Time: [B]20 Jun 2016[/B] [I]04:09GMT[/I]
[B]EUR/USD - 1.1351[/B]
Euro’s intra-day ‘pound-led’ rally above Friday’s high of 1.1296 to 1.1358 in Asian morning signals recent upmove from last Thursday’s 2-week trough at 1.1131 has resumed and consolidation with upside bias would be seen today.
However, broad outlook is consolidative and reckon this month’s top at 1.1416 would remain intact ahead of Jun 23 referendum and yield retreat later.
On the downside, below 1.1296 would indicate a temporary top has been made and bring retracement to 1.1242 but support at 1.1223 should hold.
[B]DAILY MARKET OUTLOOK on Major EUR/USD [/B]
Update Time: [B]21 Jun 2016[/B] [I]04:09GMT[/I]
[B]EUR/USD - 1.1334[/B]
Although euro’s ‘cable-led’ rally above Friday’s high of 1.1296 to 1.1358 in Asian morning yesterday, subsequent retreat to 1.1302 in overnight New York session suggests choppy trading would be seen before signals recent upmove from last Thursday’s 2-week trough at 1.1131 resumes to June’s peak at 1.1416 but sharp gain above there is not likely ahead of June 23 referendum.
On the downside, below 1.1272 would indicate a temporary top has been made and bring retracement to 1.1242 but support at 1.1223 should hold.
DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 04 Jul 2016 01:21 GMT
EUR/USD - 1.1133
Despite euro’s daily wild swings last week, Friday’s gain to 1.1170 suggests choppy trading above June’s 3-month trough at 1.0912 would continue and above 1.1190 (post-Brexit high) would bring stronger retracement of recent downtrend to 1.1230/40 before prospect of a retreat due to near term loss of upward momentum.
On the downside, below 1.1072 (Fri’s low) anytime suggests erratic rise from last week’s low at 1.0971 has made a top, then risk is seen for subsequent weakness towards 1.1024.
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[B] DAILY MARKET OUTLOOK on Major EUR/USD[/B]
Update Time: [B]13 Jul 2016 [/B][I] 05:09 GMT[/I]
EUR/USD - 1.1060
Although yesterday’s initial rise in Europe and then a brief break of last Fri’s post-NFP high of 1.1120 confirms decline from last week’s peak at 1.1186 (Wednesday) has made a low at 1.1002, subsequent intra-day erratic decline in New York session, then in Asia today suggests recent daily price swings inside early broad range of 1.1186-1.0971 would continue.
As long as 1.1120/26 res holds, consolidation with downside bias remains for further fall today.
However, sup area at 1.1002/16 should contain weakness and bring another bounce later today or tomorrow.
[B] DAILY MARKET OUTLOOK on Major EUR/USD[/B]
Update Time:[B] 18 Jul 2016 [/B][I]05:12GMT
[/I]
EUR/USD - 1.1060
Euro’s intra-day selloff from 1.1149 (Europe) to 1.1053 after release of upbeat U.S. economic data and then brief drop to 1.1025 near New York close on news of a military coup in Turkey confirms near term erratic rise from 1.1002 has ended at 1.1165 (Thursday) and downside bias remains.
However, as daily outlook remains broadly consolidative, reckon pivotal sup at 1.0971 would remain intact.
Expect 1.1098 (previous sup, now res) to cap recovery in Asia and yield marginal decline decline below said Friday’s low and only above 1.1100/10 may risk stronger gain to 1.1130/40 before prospect of another fall.
[B]DAILY MARKET OUTLOOK on Major EUR/USD[/B]
Update Time: [B]19 Jul 2016[/B] [I]01:28 GMT
[/I]
EUR/USD - 1.1067
Although yesterday’s rebound from 1.1038 (Europe) to 1.1084 in New York suggests decline from last week’s high at 1.1165 (Thursday) had made a temporary low at 1.1025 on Friday and choppy consolidation is in store, reckon 1.1026/29 would cap upside and bring another fall later today or tomorrow, loss of momentum should prevent steep drop ahead of Thursday’s ECB monetary policy meeting and sup at 1.1002 would contain weakness.
Only above 1.1149 (Friday’s high) may risk re-test of 1.1165 but as price is expected to remain confined inside the 3-week long established range of 1.1190-1.0971, upside would falter below strong res at 1.186/90.
[B]DAILY MARKET OUTLOOK on Major EUR/USD[/B]
Update Time: [B]20 Jul 2016[/B] [I] 01:20 GMT
[/I]
EUR/USD - 1.1006
Yesterday’s brief break of July’s 1.1002 low to 1.1000 in New York after upbeat U.S. housing data should pressure euro towards indicated daily pivotal sup at 1.0971, a daily close below this level would confirm early correction from June’s 3-month bottom at 1.0912 has ended, then weakness towards this key sup would be seen later this week.
Expect 1.1050/60 to cap intra-day recovery and yield further weakness, above there would abort present bearish scenario on euro and risk stronger retracement towards 1.1084.
[B] DAILY MARKET OUTLOOK on Major EUR/USD[/B]
Update Time: [B]19 Sep 2016[/B] [I]6:10 GMT[/I]
EUR/USD - 1.1161
Euro’s intra-day selloff in Friday’s New York morning after slightly higher-than-expected U.S. inflation data and then break of 1.1199 sup (now res) signals a downside break of the near 1-week choppy sideways range trading has taken place and re-test of daily key sup at 1.1123 would be seen after consolidation, break would extend early decline from August’s high at 1.1327 towards 1.1084/85.
Only a daily close above 1.1199 would defer present bearish scenario on euro but 1.1250/53 should cap upside.
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[B]DAILY MARKET OUTLOOK on Major EUR/USD[/B]
Update Time: [B]29 Sep 2016 [/B][I]04:07 GMT[/I]
EUR/USD - 1.1227
Despite euro’s roller-coaster moves after staging a rebound from yesterday’s 1.1182 low (Europe) to 1.1237, intra-day firmness suggests pullback from Monday’s 1.1279 high has ended and outlook remains supportive for near term rise from last Wednesday’s 5-week trough at 1.1121 to head to 1.1300 after consolidation.
However, ‘loss of upward momentum’ should cap price below daily res at 1.1327 today and risk has increased for a stronger correction to take place later.
On the downside, only below 1.1182 aborts present bullish scenario on euro and may yield weakness to 1.1149/50 but 1.1121 low should remain intact.
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Intra-Day Market Moving News and Views
02 Nov 2016 02:04GMT
EUR/USD - … Euro stands tall in subdued Asian trading on Wednesday after rallying above last week’s 1.0992 high to a near 3-week peak of 1.1069.
Intra-day rise began shortly after European open on broad-based euro buying, this move resulted in general usd’s weakness, upmove accelerated above 1.1000/05 res area was firmly breached, price climbed to 1.1034 and later hit session highs of 1.1069 in New York afternoon as U.S. stocks fell sharply before recovering towards the close.
Yesterday’s daily close above 1.1040 res bodes well for euro to make further gains in coming days, at least until release of key U.S. jobs data on Friday, so buying the single currency on pullback is the way to go.
Bids have been raised to 1.1050-40 and more below with stops below 1.1000.
Some stops are noted at 1.1070/75 with selling interest at 1.1090/00 and more stops are touted above 1.1105.
Today is PMI day in the EZ with Italy releasing mfg PMI, folowed by France, then Germany and later EU
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]29 Nov 2016[/B] [I]01:28 GMT
[/I]
EUR/USD - 1.0605
Although yesterday’s initial rally above last week’s high at 1.0658 to 1.0686 on short-covering in euro confirms recent downtrend has made a temporary bottom at last Thursday’s 20-month trough at 1.0518, subsequent sharp retreat to as low as 1.0564 in New York and then intra-day bounce to 1.0622 ahead of Asian open today suggests choppy price swings would be seen.
As long as 1.0658 holds, consolidation with mild downside bias remains, below 1.0564 would extend marginal weakness but 1.0518 should remain intact. Above 1.0686 would risk stronger correction to 1.0705/09 but res at 1.0746 should cap upside.
[B]DAILY MARKET OUTLOOK[/B]
Update Time:[B] 06 Dec 2016[/B] [I]02:02 GMT[/I]
EUR/USD - 1.0761
Despite yesterday’s initial selloff ahead of Asian open to a fresh 20-month bottom of 1.0505, subsequent intra-day rally to 1.0730 in European morning, then later to session highs of 1.0796 in New York confirms medium-term downtrend has made a temporary low there and consolidation with upside bias remains for marginal gain, near term loss of momentum should cap price below 1.0851 (Oct’s low, now res).
On the downside, expect 1.0715/20 to contain pullback and yield marginal rise, only below 1.0680/90 signals 1st leg of correction is over and yields stronger retracement to 1.0625/30 before prospect of another rise later this week
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[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]12 Dec 2016[/B] [I]01:27 GMT[/I]
EUR/USD - 1.0548
Although euro’s decline from 1.0875 last Thursday to 1.0531 on Friday confirms early correction from week’s 20-month bottom at 1.0505 (Monday) has ended there.
Intra-day minor recovery in Asia should bring consolidation with near term upside bias, above 1.0589 would yield stronger retracement towards 1.0630 before prospect of another fall later today or tomorrow.
On the downside, only below 1.0500/05 needed to extend medium-term downtrend towards key sup at 1.0457 (2015 trough) later this week.
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DAILY MARKET OUTLOOK
Update Time:[B] 21 Dec 2016[/B] [I]05:09 GMT[/I]
EUR/USD - 1.0383
Although euro’s anticipated rebound rebound from Tuesday’s fresh 13-year trough at 1.0352 to 1.0407 (New York) suggests recent downtrend has made a temporary low there and consolidation is in store in Asia, above 1.0418 needed to retain near term upside bias for stronger retracement but reckon res at 1.0480 would remain intact and yield another fall next week.
On the downside, below 1.0352 would risk marginal weakness, however, loss of downward momentum should keep price well above option refence at 1.0300.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]28 Dec 2016[/B] [I]02:00GMT[/I]
EUR/USD - 1.0468
Euro’s daily swings in holiday-thinned Monday and Tuesday sessions following early retreat from last week’s high of 1.0499 (Thursday) to 1.0427 on Friday are expected to continue and below 1.0427 sup would confirm upmove from December’s 13-year bottom at 1.0352 has made a temporary top and yield subsequent weakness to 1.0400/05 but reckon 1.0383/89 sup area would hold.
On the upside, above 1.0499 would risk stronger correction of recent decline to 1.0526, loss of momentum is likely to cap price at 1.0550/55.
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[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]29 Dec 2016[/B] [I]01:27 GMT[/I]
EUR/USD - 1.0431
Although yesterday’s selloff from 1.0480 to as low as 1.0372 suggests euro’s correction from last Tuesday’s fresh 15- year trough at 1.0352 has ended at 1.0499 (Thursday), subsequent rebound and then intra-day rise above 1.0427 (previous sup, now res) in Asia suggests further volatile swings ‘inside’ indicated broad range would continue.
Only above 1.0499 would bring stronger retracement of recent downtrend towards 1.0552 whilst below 1.0372 would yield re-test of 1.0352, then 1.0330/35.