Last week was a good one for our EUR/USD trade, hitting the profit target as the momentum in the Euro continued. However by Friday the eyes of the trading world were on the US employment data and they came in strong, putting some momentum back into a struggling USD. Read More on eurusd.co
EUR/USD Powers Through 1.1600
As expected it was another bullish week for the EUR/USD as the currency pair powered through 1.1600 showing no signs of weakness. Mario Draghi did his best to taper expectations, but traders weren’t interested. USD weakness across the board, only added to the bullish tone. Read More on eurusd.co
EUR/USD Powers Through 1.1600
As expected it was another bullish week for the EUR/USD as the currency pair powered through 1.1600 showing no signs of weakness. Mario Draghi did his best to taper expectations, but traders weren’t interested. USD weakness across the board, only added to the bullish tone. Read More on eurusd.co
EUR/USD looking Bullish Headed in the ECB Meeting
It was a big week on the data front for both the Euro and US Dollar as a number of key elements continue to fall into place that will shape sentiment going forward. All eyes this week are on the ECB to see if there are any changes to interest rates or at the very least any new developments in their outlook. We’re still maintaining our bullish bias in the EUR/USD with any positive economic news likely to trigger a further leg higher. Read More on eurusd.co
EUR/USD looking Bullish Headed in the ECB Meeting
It was a big week on the data front for both the Euro and US Dollar as a number of key elements continue to fall into place that will shape sentiment going forward. All eyes this week are on the ECB to see if there are any changes to interest rates or at the very least any new developments in their outlook. We’re still maintaining our bullish bias in the EUR/USD with any positive economic news likely to trigger a further leg higher. Read More on eurusd.co
Will the EUR/USD Reach the 1.16 Target?
An ascending triangle has developed and could lead to a sharp move in either direction. The resistance level at 1.146 was reinforced last week – but if it breaks we should see 1.16 quite quickly. On the other hand, short term traders are long of the Euro and 1.13 is an obvious stop loss level. A break below this level would see a sharp selloff as longs are liquidated. Read More on eurusd.co
A Bullish Breakout for the Euro
Mario Draghi took the market by surprise with hawkish comments that sent the Euro soaring. The market was beginning to lose patience and even to turn bearish on the Euro. A lower high has set up a potential retracement to 1.13, where traders are bound to buy the Euro again. If they don’t that would be concerning for Euro bulls. Read More on eurusd.co
Is it time to listen to Mario Draghi and buy the Euro?
EUR/USD pushes to 12 month highs while all eyes on Central Bankers. An optimistic Mario Draghi, hawkish on rates. Read More on eurusd.co
A Well-Established Range
The EURUSD is stuck in a range between 1.11 and 1.13, as market activity tapers off. The bullish case for the Euro is still in place, but there is little news or data scheduled for this week that is likely to trigger that next leg higher. It may in fact be a false break in a quiet market that sets the next move up. Read More on eurusd.co
The Retracement Loses Steam
The USD strengthened after Janet Yellen hiked rates, but weakened late in the week when weaker than expected consumer sentiment data was released. The deeper retracement we were looking for is now looking less certain. Longer term the fundamentals are still pointing to Euro strength, though it may take weeks for the trend to resume. For the now the pair remain rangebound. Read More on eurusd.co