[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.
[B]DAILY MARKET OUTLOOK[/B]
Update Time:[B] 07 Jan 2016[/B] [I]02:49 GMT[/I]
[B]EUR/USD - 1.0815[/B]
Despite yesterday’s weakness to 1.0716, subsequent rebound to 1.0799 in post-FOMC minutes New York afternoon, then intra-day rally above this res level confirms euro’s recent decline from December’s 1.1060 peak has made a low on Tuesady at 1.0711 and consolidation with upside bias is seen, above res at 1.0839 would encourage for further headway towards 1.0886, reckon 1.0900/10 should hold.
On the downside, only below 1.0773/74 would dampen current bullish view on euro and may risk stronger retreat towards 1.0747 but 1.0711/16 should ‘remain intact’.
[B] DAILY MARKET OUTLOOK[/B]
Update Time: [B]08 Jan 2016[/B] [I]06:12 GMT[/I]
[B]EUR/USD - 1.0880[/B]
Although euro’s rally in Thursday’s New York session from 1.0826 to as high as 1.0940 due to active short-covering in euro following continued weakness in the Dow confirms early decline from Dec’s 1.1060 peak has ended at 1.0711 on Tuesday, intra-day sharp release due to broad-based rebounded in Asian stocks led by gain in the China stock markets suggests a temporary top has been made and choppy trading below 1.0940 is seen until release of key U.S. jobs report at 13:30GMT.
As long as 1.0771/74 sup holds, upside bias remains for another rise to 1.0940/46, break there would encourage for subsequent headway towards daily res at 1.0993. On the downside, a daily close below 1.0771 would shift risk to the downside and yield weakness towards 1.0711/16.
[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
[/I]
[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
[/I]
[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.