Tag Archives: EUR/USD

An increasing risk for a € touchdown

EURUSD: The process of hammering out a low point for wave 5 has taken longer than expected.

The main event is the ECB meeting. We expect the ECB to keep the powder dry

Recent failures at the falling daily trend line have resulted in fresh 2014 and 2 year lows with

Another lackluster morning for the EUR today with the ECB’s policy decision due ahead in a few hours.

The break of 1.2360 means the downtrend has been reasserted and the 5-wave decline is not complete.

The focus into the open is the significant USD rally that has driven most majors to fresh lows;

EUR/USD: Traded very heavy yesterday even without any data or news and is now close to the year-low.

EUR/USD is testing the low of its horizontal range defined by the support at 1.2358 and

Today’s highlights: EURUSD spotlight stays on the 1.2359/58 range lows.

Weaker than expected GDP growth pushed AUDUSD down to 0.8405.

EUR/USD U-turned bearishly, crushed a bullish opportunity and targets 1.2358 & 1.2290 instead…

In the euro area details for Q3 GDP will be released in connection with the first revision.