Tag Archives: EUR/USD

EUR/USD Analysis

The pair ended the NY session at $1.2374 after trading a NY range of S1.2348 to $1.2448.

Risk aversion is rising, as global growth fears (ex U.S.) escalate and oil prices fall to fresh 5 year lows.

Today’s highlights: USDCAD’s break above 1.1468/77 keeps the immediate trend higher to

EUR/USD: We still see more downside potential but need to

EUR/USD is bouncing after having posted new lows.

AUDUSD has underperformed, dropping to 0.8234 in the wake of a weak NAB business survey and

EUR/USD in limbo between bullish price action and short-term trend-following tools pointing lower.

Another quiet day on the data front today. Germany releases trade balance and wage costs this morning.

The Euro has been wedging lower since October and the wedge target is 1.2235;

The pair opened at $1.2317 on Tuesday, having recovered from a NY range of $1.2247 to $1.2344.

The bounce from ahead of the $1.2241 support and falling daily trend line projection

EUR/USD: Momentum pro-decline. There is room for further gradual decline.