Recent Articles

The Fed hiked rates 25 basis points as expected, and also reiterated their intention to hike again this year. This is positive for the USD in the short term, but may be problematic in the long term given weaker than expected data. We are likely to see a move toward 1.10 until data or newsflow change sentiment. Read More on eurusd.co

European economic data didn’t do enough to inspire the market, and then the UK election added to downward pressure on the Pound, Euro and other European currencies. We are now waiting for the Fed’s rate decision to show us the next move. We may be witnessing a bull flag, or we may see a short-term top and a deeper correction. European fundamentals are straightforward, so the market will be looking to the US for direction. Read More on eurusd.co

The EUR/USD appears to have started its next up leg, however there are very few other clues in the charts. This will be a busy week for data and political news flow in Europe and the US, so that’s what will drive the price action. While the trend is up and sentiment is weak (bullish) for the Euro, we still favor long trades. There is a case to be made for a sharp selloff at some point, but that will need a catalyst before it happens. Read More on eurusd.co

The EUR/USD is consolidating, and the rally may soon continue, or we may see a deeper correction before the next up leg. The key data this week will be US employment data which will indicate whether the Fed may hold off on a rate hike in June. If the data is convincing, we’ll see a bigger directional move, but if it is difficult to interpret, we will probably see increased volatility in the next few weeks. Read More on eurusd.co

The strong Euro rally is now causing USD bulls to liquidate their positions. While the Euro is now overbought, it does look set to test 1.14 and the 1.16 in the coming weeks. However, a move to those levels may need a deeper correction to 1.0875, and that may take longer to play out. The data expected this week is unlikely to affect the market, though there is always the chance of unexpected political news. Read More on eurusd.co

The Euro drifted lower as expected, before rebounding to test strong resistance levels. This week we will see just how strong the Euro really is. It’s more likely that the pair will consolidate over the next few weeks, but if the USD really is in trouble we may see a strong Euro rally from these levels. Read More on eurusd.co

The Euro surged to 1.1023 after Emmanuel Macron’s decisive victory over Marine le Pen in the French presidential election. However, Macrons’ victory was priced in, and the market is now looking for a pullback for the Euro. The big question is how far that pullback might be, especially given that short-term traders are now heavily short of the Euro. Read More on eurusd.co

The Euro/US dollar are consolidating after a strong rally. While the Euro has a lot in its favor, it is expensive and overbought. In this environment traders should wait for opportunities rather than trying to second guess the next move. Read More on eurusd.co

French election results have carried the Euro to an important resistance level at 1.0908. This week’s action is likely to be driven by rhetoric around the second round of the election and the US legislative agenda rather than by data. Read More on eurusd.co

The technical picture hasn’t changed much, but fundamentals have deteriorated a little for the Euro, and sentiment may now be setting up a USD rally. Price action on the intraday charts reflects uncertainty and risk aversion. Read More on eurusd.co