Forex Crunch » EUR/USD Technical Analysis

EUR/USD Outlook February 13-17 2012

Yohay — Sat, 11 Feb 2012 19:10:47 +0000

Euro/dollar couldn’t hold to gains, as the second Greek bailout deal couldn’t be sealed. Is Greece close to a breaking point? The initial GDP releases are the highlights this week, as news from Athens continues flowing. Here is an outlook for this week’s events and an updated technical analysis for EUR/USD.

ECB President Mario Draghi left rates unchanged and expressed a lot of confidence in the press conference. In a last moment statement, Draghi also left the door open for an ECB contribution to Greece. Unfortunately for Greece, it first has to comply with the troika’s demands and pass harsh austerity legislation, before it is awarded any help.

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EUR/USD Feb.10 – Pressured by Sisyphean Greek Negotiations

Yohay — Fri, 10 Feb 2012 11:38:10 +0000

Euro dollar is sliding a bit lower after another late night Greek drama. The level of distrust in Brussels is high: Greece is expected to pass tough austerity and commit to the terms also after the elections before getting any aid. At least the ECB has shown more flexibility to provide some help to Greece, in a smart move by Draghi. Important US figures and a speech by Bernanke close the week. Who will set the tone for the week’s end? Greek troubles or Bernanke’s softness?

Here’s an update on technicals, fundamentals and what’s going on in the markets.

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EUR/USD Feb. 9 – On Higher Ground After Greek Progress, Before Draghi

Yohay — Thu, 09 Feb 2012 09:49:03 +0000

Euro dollar broke another minor resistance line and reached new 2012 highs as Greek leaders managed to agree almost on everything, in the hide of the night. The focus now moves to the ECB. Mario Draghi is expected to leave rates unchanged and will be requested to provide answers on the contribution of the central bank to the Greek bailout. In addition, we will get a fresh job figure from the US, following the astounding NFP. Busy day.

Here’s an update on technicals, fundamentals and what’s going on in the markets.

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EUR/USD Feb 8 – Bouncing from High Resistance on Slow Greek Progress

Yohay — Wed, 08 Feb 2012 10:03:18 +0000

Euro dollar bounced off high resistance after the break higher yesterday. Political leaders in Greece made significant steps forward, and also the ECB may be willing to indirectly accept losses on Greek bonds, lowering the debt load on the Hellenic Republic. It seems that Germany counters this concession with a new idea to postpone the lion’s share of the Greek aid to keep the pressure high in Athens. It’s all Greece today as intensive talks in Athens continue.

Here’s an update on technicals, fundamentals and what’s going on in the markets.

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EUR/USD Feb 7- Waiting in Range for more Greek Cuts

Yohay — Tue, 07 Feb 2012 11:38:31 +0000

Euro dollar is steady in the middle of the range, as talks between Greek leaders are close to conclusion regarding the terms of the bailout. Greek politicians have little choice, but they want to improve their position before the elections. In the meantime, Germany and France want to segregate the bailout money in a separate account, while Greece checks out its default options. Ben Bernanke returns to the scene later on.

Here’s an update on technicals, fundamentals and what’s going on in the markets.

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EUR/USD Feb 6 – Loses Support on Greek Standoff

Yohay — Mon, 06 Feb 2012 09:26:48 +0000

Euro dollar started the new week with a slide that turned into a sharper fall, as the standoff in Athens continues. The troika has a non-negotiable list of demands pending a deadline at 10:00 GMT and Greek politicians are finding it hard to bring it to voters. There are doubts that this deadline is real, but no doubt that Greece is in dire straights. Will we see further falls now? Update from Athens: there is no deadline, but the euro remains pressured.

Here’s an update on technicals, fundamentals and what’s going on in the markets.

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EUR/USD Outlook February 6-10 2012

Yohay — Sun, 05 Feb 2012 11:00:43 +0000

Euro/dollar remained steady as the US was in the limelight and the debt crisis was on the back burner. Greece returns to center stage. Will a solution be found? Or is a fall awaiting us?. The main event this week is the rate decision. Here is an outlook for the upcoming events and an updated technical analysis for EUR/USD.

Pressure is growing on Greece’s politicians to accept harsher measures regarding the labor market and to fully commit to them, also after the elections. Negotiations are at a sensitive point. In the US, the excellent jobs report lowers the chances of QE3 and provided hope for the whole world. It weakened EUR/USD.

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EUR/USD Feb. 1 – Starts Month Under Pressure

Yohay — Wed, 01 Feb 2012 11:09:04 +0000

Euro dollar starts the new month on lower ground, after breaking below uptrend support. Greek PSI talks are still awaiting an agreement “soon”. How soon is it now? There are doubts if Germany really wants a deal. Important figures are released in the US, which serve as important hints towards the all-important Non-Farm Payrolls on Friday.

Here’s an update on technicals, fundamentals and what’s going on in the markets.

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EUR/USD Jan. 31 – Rising in Channel While Ignoring Greece and Weak Data

Yohay — Tue, 31 Jan 2012 09:46:05 +0000

Euro dollar continues it’s near perfect channel trading and moves higher. The EU Summit failed to produce any news regarding the burning issues of Greece and weak figures from Germany and France. The Greek PSI deal is forever “close” as Portugal continues signs of following the Hellenic Republic. End-of-month moves also make the market more choppy. Will the pair fall when the month ends?

Here’s an update on technicals, fundamentals and what’s going on in the markets.

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EUR/USD Jan. 30 – Falls in Rising Channel as Debt Crisis Looms

Yohay — Mon, 30 Jan 2012 10:01:05 +0000

Euro dollar started the new week with a slide, within the rising channel. The PSI deal is still close but not done. The results of the deal may not necessarily positive, and may weigh on the next domino: Portugal. Leaders meet in Europe once again to find a way forward, and the US starts releasing indicators in a busy week that culminates in the Non-Farm Payrolls.

Here’s an update on technicals, fundamentals and what’s going on in the markets.

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