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EUR/USD hits major resistance ahead of US inflation: European open

With inflation data for Europe and the US in today's European session, we take a look at EUR/USD to identify key levels and a directional bias.

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November 30, 2023 05:52 AM
Yen, Euros and dollar currency bills and notes

EUR/USD, USD/JPY implied vols rise ahead CPI and GDP data: European Open

With a host of inflation data from Europe and GDP data for the US, implied volatility has picked up to wake markets up from their post-Thanksgiving lull. Today we take a look at USD/JPY and EUR/USD for a potential setup.

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November 29, 2023 05:52 AM

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GBP/USD bulls eye move to 1.27: European open – Nov 27, 2023

GBP/USD has continued to take advantage of a weaker US dollar and rise to an 11-week high. And with a high level of volume activity overhead, we see the potential for a move to 1.27.

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November 27, 2023 05:38 AM

EUR/USD looks set to mean revert, Nasdaq to rally into Thanksgiving? European open

Has the rally on EUR/USD gone too far, too soon? Whilst it shows the potential for further gains, a pullback would not come as too much of a surprise. And with the Nasdaq rising ~80% of the Wednesday's ahead of Thanksgiving, we feel inclined to seek intraday bullish setups today.

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November 22, 2023 05:58 AM
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US dollar index approaches its 200-day MA as EUR/USD eyes resistance

With the US dollar continuing to soften during Monday’s Asian trade, we now wait to see if it can help EUR/USD break above a key resistance level. But with the 200-day MA nearby for the US dollar index, it might may hit a bump in the road.

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November 20, 2023 05:26 AM

Gold set to bounce? EUR/CHF looks ready to roll (over): European open

Today we look at a cheeky long setup on gold with its double bottom pattern at support, and an interesting setup on EUR/CHF which could appeal to bearish swing traders.

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November 16, 2023 05:19 AM
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USD/JPY bears eye 150, DAX squares up to its 200-day MA: European open

Whilst the 200-day MA stands in the way of further DAX gains, I suspect a move to 16k could still be on the cards. USD/JPY could also test 150 as part of its next leg lower, if incoming US data disappoints.

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November 15, 2023 05:32 AM

EUR/USD, USD/JPY key levels ahead of US inflation: European open

Once again, the 1-day implied volatility levels for EUR/USD and USD/JPY have blown out ahead of a busy calendar. Central bank members from the Fed, ECB, BOE and SNB will hit the wires, European GDP is also on tap ahead of the key US inflation report.


GBP/USD, DAX technical analysis: European open – Nov 13, 2023

With central bank members from the Fed and BOE lined up ahead of tomorrow's US inflation report, GBP/USD is a pair to watch for potential volatility. And whilst the DAX has seen a decent rally from its cycle low, I'm looking for a potential swing high and pullback to 15k.

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November 13, 2023 05:41 AM

GBP/USD, EUR/GBP technical analysis: European open – Nov 9, 2023

A quick look at the charts suggests the British pound might be nearing a burst of energy, and that could be beneficial for GBP/USD bulls or EUR/GBP bears.

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November 9, 2023 05:47 AM
Bank notes of different currencies

GBP/USD caught between BOE, Fed speak, EUR/USD teases 1.07: European open

Both EUR/USD and GBP/USD have found themselves under pressure from a stronger US dollar this week and are at risk of closing lower for a third if traders take any hawkish Fed comments to heart. Yet the daily trend structures mean I am also on the lookout for swing lows for both pairs over the near-term.

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November 8, 2023 04:13 AM
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USD/JPY holds support, DAX breaks 15k: European Open – Nov 2, 2023

The DAX may have broken the 15k level, but it remains within a bearish channel and resistance zone on the daily timeframe – so I’m looking out for a potential swing high once its current rally has petered out. USD/JPY has found intraday support around a cluster of technical levels, which paints a near-term bullish bias.

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November 2, 2023 07:04 AM
Downward trend

EUR/USD under pressure ahead of FOMC: European open – Nov 1 2023

The initial rally seen on EUR/USD on Tuesday played very nicely with the near-term bias for a move towards 1.07. But with momentum once again realigning with the bearish daily trend, it may struggle to recapture 1.06 before its next anticipated leg lower.

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November 1, 2023 06:45 AM
Bank notes of different currencies

EUR/USD meanders around 1.06 ahead of key events: European open – 31/10/2023

EUR/USD has pulled back against Monday’s moves, but has the potential to extend yesterday’s rally should inflation data from across Europe come in hot enough today. We also have the FOMC meeting looming which has seen implied volatility rise for the pair.

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October 31, 2023 06:53 AM