Short Term (3-6 months): OVERWEIGHT
The near-term outlook is likely to see the Euro range-bound against the US-dollar not far from the historic highs for the single currency posted in late-April (around 1.60). The US Federal Reserve has signalled an increased concern at US dollar weakness, highlighting its role in lifting US inflationary expectations. This theme [...]
Entries Tagged as 'EURO'
FX Outlook - Euro
June 13th, 2008 · No Comments
Tags: EURO
EUR Crosses Technicals
April 5th, 2008 · No Comments
EUR GBP
The appearance of bearish divergences on the daily/weekly momentum studies (e.g. 9 period smoothed RSI), coupled with the heavily overbought readings apparent on the monthly studies suggest that intermonth risk is shifting to the downside. More specifically, a move back below the .7790 level (76.4% retracement of the 1995 - 2000 decline) on a [...]
Tags: EURO