Fed Speakers Urge Interest Rate Caution Allowing EUR/USD To Crack 1.19

Highlights: DXY slides further on Euro’s remarkable run above 1.19, USD showing promise against others EUR strength could travel as political risks subside, and economic data continues to surprise Crude oil price retrace Tuesday’s drop on EIA demand picture Sentiment Highlight: Euro likely to hit further highs as retail fights trend Should we be focusing […]

EURUSD Readying Itself for a Move to the 2016 High

What’s inside: EURUSD bullish consolidation below confluence of resistance will do it some good Looking for an eventual breakout towards the 2016 high over 11600 As long as support just beneath 11300 holds so does our constructive outlook Where will EURUSD end the quarter? Check out the Q3 Forecast for our view. On Friday, the […]

EUR/USD Risks Further Losses as COT Points to Stretched Positioning

Talking Points EUR/USD Daily Technical Outlook:EURUSD reversed off Fibonacci resistance earlier this month at the 1.618% extension of the advance off the yearly lows at 1.1285. The pullback is now testing a key near-term support confluence at ~1.1128 where the 61.8% retracement converges on former slope resistance. A break below this mark shifts the focus […]

EURUSD – Dips Favored Following Week of Monster Momentum

What’s inside: EURUSD blasts through important technical hurdles Finished last week above another key level, turning old resistance into new support Overbought in the short-run, but trend and momentum favor dip-buyers See what’s driving EURUSD this quarter, check out our Q2 forecast. Last week, EURUSD put in a monster performance by rising nearly 3 big-figures. […]