DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: [B]22 Apr 2015[/B] [I]23:42GMT[/I]
Although euro’s erratic rise from 1.0660 (Tuesday) to 1.0801 yesterday signals pullback from last week’s 1.0849 peak has ended, subsequent ‘CHF-led’ fall to 1.0708 suggests ‘choppy’ trading below said high would continue, reckon 1.0660 sup should hold and yield rebound.
Incline to buy again on dips and only below 1.0660 risks retrace. of early rise from 1.0521 twd 1.0625.
[B]DAILY MARKET OUTLOOK on Major EUR/USD[/B]
Update Time:[B] 24 Apr 2015[/B] [I]01:00GMT[/I]
[B]EUR/USD - 1.0828[/B]
Yesterday’s intra-day rally from 1.0666 to 1.0846 confirms pullback from last Friday’s high of 1.0849 has ended at 1.0660 Tuesday and consolidation with upside bias remains, break of said resistance would signal up move from last week’s low at 1.0521 to retrace early fall from 1.1062 has resumed and extend gain to 1.0887 and then towards 1.0940/50 later.
On the downside, only below 1.0732/33 would prolong choppy trading inside near term range of 1.0849-1.0660 and may yield weakness to 1.0690/00 but aforesaid support area at 1.0660-67 should remain intact.
[B]DAILY MARKET OUTLOOK on Major EUR/USD[/B]
Update Time: [B]27 Apr 2015[/B] [I]01:18 GMT[/I]
[B]EUR/USD - 1.0865[/B]
Euro’s rally to a fresh 2-1/2 week peak at 1.0899 last Friday signals up move from April’s bottom at 1.0521 has resumed and further gain to 1.0950/60 would be seen.
However, reckon 1.1000 would cap upside due to near term loss of momentum and bring strong retreat later this week.
On the downside, a daily close below 1.0785 would confirm a top is made and bring correction towards 1.0733 before prospect of a rebound.
[B]DAILY MARKET OUTLOOK on Major EUR/USD[/B]
Update Time: [B]28 Apr 2015[/B] [I]01:14 GMT[/I]
[B]EUR/USD - 1.0877[/B]
Euro’s rally above last Friday’s 2-1/2 week peak at 1.0899 to 1.0927 in New York signals up move from April’s bottom at 1.0521 has resumed and up side bias remains for further gain to 1.0950/60 after consolidation.
However, reckon 1.1000 would cap upside due to near term loss of momentum and bring strong retreat later this week.
On the downside, a daily close below 1.0785 would confirm a top is made and bring correction towards 1.0733 before prospect of a rebound.
wrong thread
[B]DAILY MARKET OUTLOOK on Major EUR/USD[/B]
Update Time: [B] 29 Apr 2015[/B] [I]01:00 GMT[/I]
[B]EUR/USD - 1.0978[/B]
Euro’s rally above Monday’s high of 1.0927 to a fresh 3-week peak at 1.0991 in New York signals up move from April’s bottom at 1.0521 remains in force and further gain to daily chart resistance at 1.1036 would be seen after consolidation, however, reckon upper level of early broad range of 1.0457-1.1062 would hold on first testing and bring retreat later.
On the downside, only a daily close below 1.0927 would suggest a top is made and bring correction towards 1.0860 before prospect of a rebound.
[B]DAILY MARKET OUTLOOK -EUR/USD[/B]
Update Time: [B]30 Apr 2015[/B] [I]01:19 GMT[/I]
Euro’s rally above previous key resistance at 1.1062 (reaction high from March’s 12-year trough at 1.0457) signals long-term decline is still being retraced and despite subsequent intra-day retreat to 1.1076 in New York afternoon after Fed statement.
Upside bias remains for said erratic up move from 1.0457 to resume and extend gain towards 1.1264 after consolidation.
On the downside, only a daily close below 1.0991 would indicate a top is made instead and shift risk to downside for weakness to 1.0960 and then possibly towards 1.0918/27.
[B]DAILY MARKET OUTLOOK[/B]
Update Time:[B] 04 May 2015[/B] [I]01:15 GMT[/I]
[B]EUR/USD - 1.1195[/B]
Despite euro’s resumption of erratic upmove from March’s 12-year trough at 1.0457 to a fresh 2-month peak at 1.1290 in Friday’s New York morning, subsequent intra-day sell off to 1.1175 signals a temporary top has been made and 1-2 days of consolidation would be seen with mild downside bias.
However, reckon support at 1.1072 would hold and bring rebound later.
On the upside, above 1.1290 would extend aforesaid rise to retrace long-term downtrend has resumed and yield further gain to 1.1340/50.
[B]DAILY MARKET OUTLOOK [/B]
Update Time: [B]05 May 2015[/B] [I]01:00 GMT[/I]
[B]EUR/USD - 1.1145[/B]
Despite euro’s resumption of erratic up move from March’s 12-year trough at 1.0457 to a fresh 2-month peak at 1.1290 last Friday, subsequent sell off to 1.1175 and then 1.1122 yesterday signals a temporary top has been made and consolidation with mild downside bias is seen for a retracement to 1.1072.
However, reckon 1.1062 (previous key resistance, now sup) would hold and bring rebound later.
On the upside, only above 1.1290 would extend aforesaid rise to retrace long-term downtrend has resumed and yield further gain to 1.1340/50.
[B]DAILY MARKET OUTLOOK [/B]
Update Time: [B]06 May 2015[/B] [I]01:09 GMT[/I]
[B]EUR/USD - 1.1180[/B]
Despite yesterday’s initial sell off below Monday’s low at 1.1122 to 1.1066 in Europe, subsequent intra-day rally to 1.1223 (New York) suggests correction from last Friday’s 2-month peak at 1.1290 has ended there and consolidation with upside bias remains.
Above 1.1223/24 anytime would confirm this view and yield resumption of early up move from March’s 12-year trough at 1.0457 to re-test said resistance, break, 1.1340/50 later.
On the downside, only below 1.1100 would indicate aforesaid recovery is over instead and bring re-test of 1.1066.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]08 May 2015[/B] [I]01:19 GMT[/I]
[B]EUR/USD - 1.1248[/B]
Despite euro’s brief rise above Wednesday high of 1.1371 to a fresh 10-week peak at 1.1392 in Europe on Thursday, subsequent intra-day sell off to 1.1237 in New York and then 1.1228 in Australia on Friday signals recent erratic up move has made a temporary top there and consolidation with downside bias is seen for a retracement towards 1.1120/30 but this week’s low at 1.1066 (Tuesday) should hold.
On the upside, only above 1.1392 would confirm up move from March’s 12-yaer trough at 1.0457 has resumed and extend gain to next daily chart objective at 1.1450, then 1.1534 later this month.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]11 May 2015 [/B][I]03:08 GMT[/I]
[B]EUR/USD [/B]- 1.1153
Despite Friday’s volatile trading in New York session after in-line U.S. payrolls data, euro’s intra-day break of Friday’s 1.1179 low in Asia this morning due to euro-bearish news over the weekend confirms decline from last Thursday’s 10-week peak at 1.1392 to correct recent strong upmove has once again resumed and weakness towards 1.1122 is envisaged, reckon 1.1062 (previous res, now sup) would remain intact and yield rebound later this week.
Expect 1.1228/37 area to cap intra-day recovery and yield aforesaid fall, only above there signals 1st leg of correction is over but 1.1290 (Friday’s New York high) should hold from here.
[B]DAILY MARKET OUTLOOK [/B]
Update Time: [B]12 May 2015[/B] [I]01:00 GMT[/I]
[B]EUR/USD - 1.1140[/B]
Euro’s intra-day breach of Friday’s low at 1.1179 to 1.1131 in New York on lack of positive development after the special Euro group meeting.
This is suggesting the fall from last Thursday’s 10-week peak at 1.1392 to correct recent strong up move has once again resumed and weakness towards 1.1090/00 is envisaged.
However, loss of momentum should keep price above 1.1062 (previous res, now sup) today and yield rebound later.
On the upside, only above 1.1228/37 area signals 1st leg of correction is over but 1.1290 (Friday’s New York high) should hold from here.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]13 May 2015[/B] [I]01:27 GMT[/I]
[B]EUR/USD - 1.1217[/B]
Despite euro’s retreat after intra-day rally from 1.1134 to 1.1279 on Tuesday, as this move suggests correction from last Thursday’s 10-week peak at 1.1392 has ended Monday at 1.1131, choppy trading with upside bias remains.
Looking ahead, a daily close above 1.1325 (previous support, now resistance) would confirm this view and bring resumption of upmove from March’s 12-year trough at 1.0457 to re-test said temporary top, then 1.1440/50.
On the downside, only below 1.1131/34 would shift risk to downside for stronger retracement towards 1.1060/62.
DAILY MARKET OUTLOOK
Update Time:[B] 14 May 2015[/B] [I]01:15 GMT[/I]
[B]EUR/USD - 1.1357[/B]
Euro’s intra-day rally from 1.1202 to as high as 1.1383 on Wednesday signals correction from last Thursday’s 10-week peak at 1.1392 has ended at 1.1131 (Monday) and re-test of this resistance is seen.
Break would confirm erratic upmove from March’s 12-year trough at 1.0457 has resumed and bring further gain towards daily chart objective at 1.1450 later.
On the downside, only a failure to penetrate 1.1392 resistance and then move back below 1.1279 (Tue high, now support) would indicate further choppy trading inside 1.1392-1.1131 would continue and risk weakness towards 1.1202.
[B]DAILY MARKET OUTLOOK
[/B]Update Time: [B]15 May 2015[/B] [I]01:13 GMT[/I]
[B]EUR/USD - 1.1402[/B]
Euro’s rally above last Thursday’s high of 1.1392 to a fresh near 3-month peak at 1.1445 yesterday signals erratic up move from March’s 12-year trough at 1.0457 to retrace long-term downtrend has resumed and further gain to daily chart resistance at 1.1450 and then 1.1500 would be seen after consolidation.
On the downside, only a failure to penetrate 1.1445 and then move back below support at 1.1340/44 would indicate a temporary top is made and risk retracement towards 1.1279 (Tuesday high, now support) before rebound occurs.
[B]DAILY MARKET OUTLOOK
[/B]Update Time: [B]18 May 2015[/B] [I]01:00 GMT[/I]
[B]EUR/USD - 1.1433[/B]
Euro’s rally to a fresh near 3-month peak at 1.1467 Friday signals erratic up move from March’s 12-year trough at 1.0457 to retrace long-term downtrend has resumed.
Further gain to 1.1500 and then daily chart resistance at 1.1534 would be seen later this week before correction occurs.
On the downside, only a failure to penetrate 1.1467 and then move back below 1.1390/00 would indicate a temporary top is made and risk retracement towards 1.1223.
[B]DAILY MARKET OUTLOOK [/B]
Update Time: [B]19 May 2015[/B] [I]00:47 GMT[/I]
[B]EUR/USD - 1.1318[/B]
Euro’s sell off from 1.1447 to 1.1229 on Monday signals erratic upmove from March’s 12-year trough at 1.0457 has made a temporary top at last Friday’s fresh 3-month peak at 1.1467 and as long as 1.1366/70 holds.
Choppy trading with downside bias remains for another corrective fall to 1.1255/65 later, however, reckon support at 1.1202 (last Wednesday low) would contain weakness and bring rebound later.
On the upside, only a move back above 1.1420/27 would indicate correction over instead, yield gain to 1.1447 and then re-test of 1.1467.
[B]DAILY MARKET OUTLOOK[/B] EUR/USD - 1.0550
Update Time: [B]12 Mar 2015[/B] [I] 00:54 GMT[/I]
Euro’s fall to a fresh near 12-year bottom of 1.0561 yesterday suggests outlook remains mildly bearish for recent downtrend to yield marginal weakness towards 1.0500 after consolidation, however, ‘loss of downward momentum’ has increased risk of a correction later today or tomorrow.
On the upside, only a daily close above 1.0660/70 would indicate temporary low is in place, then euro is likely to head to 1.0700/10 and possibly towards 1.0750/60 before prospect of another sell off.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]21 May 2015[/B] [I]01:09 GMT[/I]
[B]EUR/USD - 1.1112[/B]
Despite euro’s choppy sideways move after extending decline from last Friday’s 3-month peak at 1.1467 to 1.1062 yesterday, downside bias remains for said move to retrace the entire up move from March’s 12-year trough at 1.0457 to resume after consolidation and yield further weakness to 1.0994 (50% r) but sharp fall below is not likely due to near term loss of momentum.
On the upside, only a daily close above 1.1217 resistance would indicate a low is made and shift risk to upside for stronger gain towards 1.1260/70 and possibly towards 1.1321/26.