EUR/USD posts bearish reversal candle Thursday – may be time for a pullback

FXstreet.com (Barcelona) - The EUR/USD may be in the early stages of a short-term pullback with more downside likely still ahead.

EUR/USD traders to monitor light data flow Friday

Mixed US data and some surprisingly bad European data combined to lay the foundation for a down day Thursday. Talk of Fed QE tapering added to the US Dollar bullishness and further weighed down the EUR/USD.

Friday, EUR/USD traders will be closely monitoring the following data points out of Europe and the US including:

• German Wholesale Prices
• EuroZone Employment data
• and, the US Producer Price Index

Technical outlook for EURUSD

Technicians say the EUR/USD hit its next short-term target at 1.3791 and has shown signs of a pause there before it should continue on up to the next resistance at 1.3803 – the 10/25 close. The short-term support for the cross comes in at Monday’s low of 1.3693 and will be followed up by Friday’s low of 1.3619.

Analysts in Japan anticipate further BoJ easing - Survey

Most of the Japanese analyst community expects the Bank of Japan to embark on further easing by spring 2014, according to a QUICK Corp. poll.
Baca lagi Previous

Flash: EUR/AUD next target at 1.61 - ANZ

After a break above resistance around 1.52 - 38.2% retrac of the down move since late 2008 - EUR/AUD should now target 1.61 - 50% fib same move - , notes Brian Martin, European Strategist at ANZ.
Baca lagi Next