[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]19 Jun 2015[/B] [I]02:07 GMT[/I]
[B]EUR/USD - 1.1375[/B]
Euro’s rally to 1.1440 yesterday suggests upside bias remains for a re-test of May’s 3-month peak at 1.1467 where a break would confirm mid-term upmove from March’s near 12-year trough at 1.0457 has ‘finally’ resumed and extend gain towards 1.1534 later this month.
On the downside, only a daily close below 1.1290/00 would indicate further choppy trading inside 1.1467-1.0819 broad range would continue and may yield another fall towards 1.1204-06.
[B] DAILY MARKET OUTLOOK [/B]
Update Time:[B] 22 Jun 2015[/B] [I]02:07 GMT[/I]
[B]EUR/USD - 1.1371[/B]
Despite Friday’s strong retreat to 1.1292 in Europe, subsequent rebound to 1.1366 in New York and today’s higher open in New Zealand, then intra-day gain to 1.1385 in Asia on renewed market optimism of a last-minute Greek deal would be struck later today.
This suggests early correction from last Thursday’s 3-week high at 1.1440 has ended and consolidation with upside bias is seen.
Only a break of 1.1440 would retain bullishness for re-test of May’s key 3-month peak at 1.1467.
Therefore, buying euro on intra-day pullback is the way to go and only below 1.1292 would dampen present bullish bias.
The risk then would shift to the downside for a stronger retracement of recent upmove towards next chart objective at 1.1230/40 before prospect of a rebound.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]23 Jun 2015 [/B] [I]00:54 GMT[/I]
[B]EUR/USD - 1.1342[/B]
Despite euro’s erratic rise from last Friday’s low at 1.1292 to 1.1410 in New York morning yesterday, subsequent intra-day sell off to 1.1321 suggests further choppy trading below last Thursday’s 3-week peak at 1.1440 would continue and with mild downside bias, while below 1.1292 would indicate recent up move has made a temporary top and yield retracement towards 1.1250/60 later but support at 1.1206 should hold.
On the upside, only a break of 1.1467 (May’s 3-month peak) would confirm mid-term up move from March’s near 12-year trough at 1.0457 has resumed and extend gain towards 1.1510/20 and then 1.1560/70.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]24 Jun 2015[/B] [I]01:10GMT[/I]
[B]EUR/USD - 1.1163[/B]
Euro’s erratic fall from last Thursday’s 3-week peak at 1.1440 to as low as 1.1135 yesterday confirms early up move from May’s bottom at 1.0819 has made a temporary top there and downside bias remains for a stronger retrace towards 1.1083 after consolidation.
However, reckon 1.1049/55 (daily chart support and 61.87% r of 1.0819-1.1440 would hold today and bring rebound later.
On the upside, only a move back above 1.1292 (previous support, now resistance) would indicate correction is over and bring subsequent gain towards 1.1340/50.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]25 Jun 2015[/B] [I]01:09 GMT[/I]
[B]EUR/USD - 1.1205[/B]
Despite euro’s choppy trading after extending decline from last Thursday’s 2-week peak at 1.1440 to 1.1135 on Tuesday, as 1.1235 has capped such recovery on Wednesday, downside bias remains & move to retrace earlier up movement from 1.0819 (May) to resume and yield further weakness towards chart objective at 1.1083 later.
On the upside, only a move back above 1.1292 (previous support, now resistance) would indicate a low has been made and shift risk to upside for gain towards 1.1347.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]26 Jun 2015[/B] [I]01:00GMT[/I]
[B]EUR/USD - 1.1186[/B]
Although euro’s choppy trading after extending decline from last Thursday’s 2-week peak at 1.1440 to 1.1135 on Tuesday is likely to continue today.
As 1.1235 has capped such recovery on Wednesday, a downside bias remains then move to retrace early upvmove from 1.0819 (May) to resume and yield further weakness towards chart objective at 1.1083 later.
On the upside, only a move back above 1.1292 (previous support, now resistance) would indicate a low has been made and shift risk to upside for gain towards 1.1347.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]29 Jun 2015[/B] [I]01:15 GMT[/I]
[B]EUR/USD - 1.1020[/B]
Euro’s intra-day gap-down open to 1.0954 due to surprise news of Greek bailout referendum and EU’s refusal to Greece’s debt payment extension request suggests early erratic rise from 1.0819 (May’s low) has ended earlier at 1.1440 and choppy trading with downside bias is seen for weakness to 1.0887 (June low), then towards May’s bottom at 1.0819 (reaction low from 1.1467) later this week.
On the upside, only a daily close above 1.1135 (previous support, now resistance) would indicate a temporary low has been made and yield stronger retracement towards 1.1200 but resistance at 1.1235 should remain intact.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]30 Jun 2015[/B] [I] 01:36 GMT[/I]
[B]EUR/USD - 1.1196[/B]
Despite euro’s gap-down open to a near 1-month low of 1.0955 on Monday due to heightening fear of a Grexit, subsequent rally to 1.1142 in Europe, then to 1.1279 in New York on ‘active’ short covering especially versus USD, YEN and GBP signals decline from June’s peak at 1.1440 has made a low there and stronger retracement towards 1.1347 (80.9% r) is envisaged later this week.
On the downside, only a daily close below 1.1112 (previous resistance, now support) would shift risk to downside for weakness towards 1.0955 again.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]02 Jul 2015[/B] [I]01:21 GMT[/I]
[B]EUR/USD - 1.1045[/B]
Euro’s selloff after a brief rebound from 1.1095 to 1.1171 in Europe and then subsequent breach of Tuesday’s low at 1.1113 signals correction from Monday’s near 1-month trough at 1.0955 has ended the same day at 1.1279 and consolidation with downside bias remains.
However, only a breach of said support would confirm decline from June’s peak at 1.1440 has resumed and extend weakness to 1.0900/10 later.
Above 1.1110/13 would prolong choppy trading but resistance at 1.1171 should remain intact.
[B]DAILY MARKET OUTLOOK [/B]
Update Time: [B]03 Jul 2015[/B] [I]03:30 GMT[/I]
[B]EUR/USD[/B] - 1.1095
Despite euro’s retreat to as low as 1.1032 on Thursday after Monday’s strong rally from a fresh 1-month trough at 1.0955 to as high as 1.1279, yesterday’s intra-day rebound to 1.1122 in New York morning on tepid U.S. jobs reports suggests further choppy sideways trading would continue until the Greek referendum on July 5.
Above 1.1122 would yield gain to 1.1171 but reckon 1.1200/10 would cap upside today, whilst below 1.1032 would bring further weakness to 1.0990-1.1000 before rebound occurs.
[B]DAILY MARKET OUTLOOK [/B]
DAILY MARKET OUTLOOK
Update Time: [B]06 Jul 2015[/B] [I]01:00 GMT[/I]
[B]EUR/USD - 1.1020[/B]
Despite euro’s gap-down open on Monday and then a sell off to 1.0969 following Greek ‘No’ vote, subsequent rebound suggests further choppy trading inside near term established range of 1.0955-1.1279 would continue but only a daily close above 1.1122 would encourage for further gain to 1.1171 and then 1.1244 before prospect of a retreat.
Below 1.0955 would signal early fall from June’s peak at 1.1440 has resumed and extend weakness towards 1.0887 but key support at 1.0819 (May’s bottom) should hold on 1st testing.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]07 Jul 2015[/B] [I]01:06 GMT[/I]
[B]EUR/USD - 1.1046[/B]
Despite euro’s gap-down open on Monday and then a sell off to 1.0969 following Greek ‘No’ vote, subsequent intra-day rally to 1.1096 in Europe suggests further choppy trading inside near term established range of 1.0955-1.1279 would continue.
Only a daily close above 1.1122 would encourage for further gain to 1.1171 and then 1.1244 before prospect of a retreat.
Below 1.0955-69 support area would signal early fall from June’s peak at 1.1440 has resumed and extend weakness towards 1.0887.
However, key support at 1.0819 (May’s bottom) should remain intact.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]08 Jul 2015[/B] [I]01:18 GMT[/I]
[B]EUR/USD - 1.0990[/B]
Despite euro’s initial sell off to a fresh 5-week trough at 1.0916 in New York morning, subsequent intra-day rally to 1.1053 suggests decline from June’s peak at 1.1440 has made a temporary low there but as long as 1.1218/22 resistance area holds, choppy trading with downside bias remains.
Below 1.0916 would yield further weakness to 1.0887 but daily sup at 1.0819 should remain intact.
[B]DAILY MARKET OUTLOOK [/B]
Update Time: [B]09 Jul 2015[/B] [I]01:10 GMT[/I]
[B]EUR/USD - 1.1066[/B]
Despite euro’s sell off to a fresh 5-week trough at 1.0916 on Tuesday, subsequent rally to 1.1053 and then 1.1093 yesterday signals decline from June’s peak at 1.1440 has made a temporary low there and stronger retracement towards 1.1118/22 and 1.1171/78 is likely to be seen before another sell off occurs.
Below 1.0916 would yield resumption of aforesaid fall to 1.0887 but ‘loss of momentum’ should keep price well above key sup at 1.0819.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]10 Jul 2015[/B] [I]01:05 GMT[/I]
[B]EUR/USD - 1.1075[/B]
Despite euro’s sell off after extending near term rise from Wednesday’s 5-week trough at 1.0916 to 1.1125 in European morning on Thursday, as price has rallied from 1.0992 to 1.1083 after Greece submitted its reform proposals, upside bias remains for said move to retrace recent decline to resume and yield further gain towards chart objective at 1.1171 later.
On the downside, only a daily close below 1.0992 would indicate correction over and bring re-test of 1.0916.
[B]DAILY MARKET OUTLOOK [/B]
Update Time: 13 Jul 2015 [I]01:06 GMT[/I]
[B]EUR/USD - 1.1135[/B]
Although euro’s gap-down open and then a sell-off to 1.1090 in NZ on Monday due to uncertainty of Greek debt talk suggests correction from last Tuesday’s 5-week low at 1.0916 has possibly ended Friday at 1.1216 and consolidation with downside bias would be seen.
A daily close below 1.1055 is needed to confirm this view and bring re-test of said support later this week.
Above 1.1216 would yield stronger retracement of decline from June’s peak at 1.1440 towards 1.1244 and then 1.1279 before down.
[B]DAILY MARKET OUTLOOK [/B]
Update Time: [B]14 Jul 2015[/B][I] 01:27 GMT[/I]
[B]EUR/USD - 1.0992[/B]
Although euro’s strong retreat from yesterday’s high of 1.1197 suggests correction from last Wednesday’s 5-week trough at 1.0916 has ended Friday at 1.1216 and consolidation with downside bias would be seen.
Only a breach of said support would confirm decline from June’s peak at 1.1440 has resumed and yield further weakness to 1.0887.
On the upside, above 1.1150/60 would prolong choppy trading but resistance at 1.1197 should remain intact.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]15 Jul 2015 [/B][I]00:55 GMT[/I]
[B]EUR/USD - 1.0996[/B]
Although euro has retreated after yesterday’s strong rebound from 1.0966 to 1.1083 and consolidation with downside bias would be seen, break of last Wednesday’s 5-week trough at 1.0916 is needed to confirm decline from June’s peak at 1.1440 has resumed and yield further weakness to 1.0887 and then 1.0840/50 but key support at 1.0819 should remain intact.
Above 1.1083/90 would prolong choppy sideways trading but resistance at 1.1216 (reaction high from 1.1966) should remain intact.
[B]DAILY MARKET OUTLOOK [/B]
Update Time: [B]16 Jul 2015[/B] [I]01:16 GMT[/I]
[B]EUR/USD - 1.0935[/B]
Yesterday breach of 1.0966 (Tuesday) to 1.0930 in New York afternoon signals correction from last Tuesday’s 5-week trough at 1.0916 has ended earlier at 1.1216 and as euro has remained under pressure after the approval of bailout measures package by Greek government, suggesting a re-test of said low is seen.
Break would confirm decline from June’s peak at 1.1440 has resumed and bring further weakness to 1.0887 and then 1.0830/40 later but key support at 1.0819 (May’s bottom) should remain intact.
On the upside, above 1.1036 would prolong choppy sideways trading but resistance at 1.1083/90 should remain intact.
[B]DAILY MARKET OUTLOOK [/B]
Update Time: [B]17 Jul 2015[/B] [I] 01:02 GMT[/I]
[B]EUR/USD - 1.0880[/B]
Although euro has recovered after yesterday’s sell-off below previous July’s support to a fresh 7-week trough at 1.0855, as price has retreated after meeting renewed selling at 1.0926, downside bias remains for decline from June’s peak at 1.1440 to resume after consolidation but loss of momentum should keep price above the key support at 1.0819 (May’s bottom) today and bring rebound later.
On the upside, only a move back above 1.0926 would indicate a temporary low is made and bring retracement towards 1.1036 before retreat occurs.