[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]10 May 2016[/B] [I]01:08 GMT[/I]
EUR/USD - 1.1390
Euro’s selloff from 1.1481 to 1.1387 last Friday and intra-day breach of this support signals decline from last Tuesday’s 8-month peak at 1.1617 has once again resumed and consolidation with downside bias is seen for weakness towards 1.1360/70, then 1.1341.
However, near term loss of momentum would prevent steep fall below there and reckon support at 1.1310 would remain intact and yield rebound later.
On the upside, only above 1.1481 would indicate aforesaid pullback has ended instead and turn outlook bullish for gain towards 1.1530.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]11 May 2016[/B] [I]01:08 GMT[/I]
EUR/USD - 1.1374
Euro’s retreat yesterday and subsequent breach of Monday’s low at 1.1375 to 1.1359 signals decline from last Tuesday’s 8-month peak at 1.1617 has once again resumed and consolidation with downside bias is seen for weakness towards 1.1341.
However, near term loss of momentum would prevent steep fall below there and reckon support at 1.1310 would remain intact and yield rebound later.
On the upside, only above 1.1481 would indicate aforesaid pullback has ended instead and turn outlook bullish for gain towards 1.1530.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]13 May 2016[/B] [I]04:08 GMT[/I]
EUR/USD - 1.1373
Despite the single currency’s strong rebound from Tuesday’s low at 1.1359 to 1.1447 on Wednesday, yesterday’s retreat suggests aforesaid recovery is over and decline from last Tuesday’s 8-month peak at 1.1617 would resume after consolidation and extend towards 1.1341, then 1.1310 ahead of today’s U.S. retail sales data.
However, support at 1.1272 should hold and yield recovery later.
On the upside, only above 1.1415 would indicate pullback from 1.1447 has ended instead and turn outlook bullish for gain to said resistance.
[B]DAILY MARKET OUTLOOK on Major EUR/USD[/B]
Update Time: [B]16 May 2016[/B] [I]01:08 GMT[/I]
EUR/USD - 1.1306
The single currency’s selloff from last Wednesday’s high at 1.1447 to 1.1283 on Friday after the release of upbeat U.S. economic data signals decline from May’s 8-month peak at 1.1617 remains in progress and consolidation with downside bias would be seen for weakness towards 1.1272, then to 1.1234.
however, near term loss of momentum would keep price above April’s bottom at 1.1216 and yield rebound.
On the upside, only above 1.1359 (previous support, now resistance) would indicate a temporary low has been made and risk stronger retracement towards 1.1415.
[B]DAILY MARKET OUTLOOK on Major EUR/USD[/B]
Update Time: [B]19 May 2016[/B] [I]01:50 GMT[/I]
EUR/USD - 1.1225
Yesterday’s break of last week’s 1.1283 low to 1.1256 in European morning and then subsequent selloff after hawkish FOMC minutes to a 6-*week trough of 1.1206 (Reuters) in Australia today confirms decline from May’s 8-month peak at 1.1617 has once again resumed and expect 1.1256 to hold, yield further weakness towards next chart objective at 1.1144 which should hold on 1st testing today.
On the upside, only a daily close above 1.1283 signals a temporary low is in place, then risk is seen for a stronger retracement towards 1.1349 before of another fall next week.
[B]DAILY MARKET OUTLOOK on Major EUR/USD[/B]
Update Time: [B]20 May 2016[/B] [I]01:50 GMT[/I]
EUR/USD - 1.1302
Despite staging a recovery in New York session on Thursday after intra-day resumption of recent decline from May’s 8-month peak of 1.1617 to a 7-week trough of 1.1180 on minor short covering, outlook remains bearish for aforesaid fall to resume after consolidation.
However, near term loss of downward momentum should keep price above daily sup at 1.1144 today.
On the upside, only a daily close above 1.1256 (previous sup, now res) confirms temporary low is in place and risks stronger retracement towards 1.1288/93 before prospect of another fall next week.
[B]DAILY MARKET OUTLOOK on Major EUR/USD[/B]
Update Time: [B]27 May 2016[/B] [I]05:03 GMT[/I]
EUR/USD - 1.1188
Yesterday’s break of 1.1180 level to 1.1217 in New York morning confirms euro’s recent decline from May’s 8-month peak at 1.1617 has indeed formed a temporary low earlier at 1.1129 on Wed and several days of volatile consolidation with near term upside bias is seen, a daily close above res at 1.1243 needed to bring stronger retracement towards 1.1293 next week.
On the downside, below 1.1146/50 would suggests said correction is over and risk one more fall to 1.1200/10, however, ‘loss of momentum’ would keep price above 1.1070.
[B]DAILY MARKET OUTLOOK on Major EUR/USD[/B]
Update Time: [B]02 Jun 2016[/B] [I]01:17 GMT[/I]
EUR/USD - 1.1188
Despite the single currency’s fall to a fresh 2-month trough at 1.1098 on Monday, subsequent strong rebound suggests recent downtrend from May’s peak at 1.1617 has formed a minor low there and consolidation with upside bias would be seen for gain towards 1.1201/05.
However, as broad-outlook remains consolidative, reckon resistance at 1.1217 would hold and yield retreat later.
On the downside, only below 1.1098 would revive bearishness for weakness towards 1.1058/60, then 1.1020 later this week but near term loss of momentum would keep price above 1.1000.
[B]DAILY MARKET OUTLOOK on Major EUR/USD[/B]
Update Time: [B]03 Jun 2016[/B] [I]04:05 GMT[/I]
EUR/USD - 1.1150
Despite the single currency’s initial rise to 121220 in European morning yesterday, subsequent sharp retreat to 1.1145 in New York morning on ECB’s cautious economic outlook suggests the recovery from Monday’s fresh 2-month trough at 1.1098 has ended there and consolidation with downside bias would be seen for weakness towards 1.1114, below would confirm this view and yield re-test of aforesaid support.
On the upside, only above 1.1220 would revive bullishness for a stronger retracement of medium-term decline towards 1.1280/83 before prospect of retreat.
[B]DAILY MARKET OUTLOOK on Major EUR/USD[/B]
Update Time: [B]07 Jun 2016[/B] [I]02:18 GMT[/I]
EUR/USD - 1.1357
The single currency’s rally to as high as 1.1375 on Friday after the release of much weaker-than-expected U.S. non-farm payrolls data, then to 1.1393 yesterday suggests upmove from last week’s low at 1.1098 remains in progress and consolidation with upside bias would be seen for gain towards 1.1447/50.
However, near term loss of momentum would prevent sharp move beyond there and reckon 1.1481 would hold and yield retreat later.
On the downside, only below 1.1220 (previous resistance) would indicate a temporary top has been made and risk stronger retracement towards 1.1173.
[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.