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Euro Forecast: ECB Does Little, Euro Facing Turning Risk Trends - Setups in EUR/GBP, EUR/JPY, EUR/USD


Euro Forecast: ECB Does Little, Euro Facing Turning Risk Trends - Setups in EUR/GBP, EUR/JPY, EUR/USD
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Euro Outlook:
The April ECB rate decision did little for the Euro – one way or the other. This leaves the currency at the whims of broader risk trends, which are eroding.
EUR/JPY rates are pulling back from range resistance while EUR/USD rates are dropping from a zone that has proved itself as both support and resistance since last summer. EUR/GBP rates may offer the best choice for Euro bulls in the near-term.
Per the IG Client Sentiment Index, the Euro has a mostly bearish bias in the short-term. ....

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Euro Technical Analysis: EUR/CHF, EUR/NOK, EUR/SEK Rates Outlook


Euro Technical Analysis: EUR/CHF, EUR/NOK, EUR/SEK Rates Outlook
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Euro Outlook:
With EUR/USD rising again, several of the EUR-crosses have seen price action turn higher over the course of the week.
EUR/CHF rates may be suggesting a better environment for risk appetite, while EUR/NOK and EUR/SEK rates’ price action still suggests deeper setbacks are possible.
According to the IG Client Sentiment Index, EUR/CHF has a mixed bias in the near-term.
EUR-crosses Give Greenlight to Risk
FX markets have quieted down in recent weeks, thanks largely due to the fact that stability in global bond yields has deprived interest rate-sensitive assets a catalyst for volatility. But lower volatility environments tend to translate into more risk seeking behavior by market participants, and with EUR/USD rising again, several of the EUR-crosses have seen price action turn higher over the course of the week. EUR/CHF rates may be suggesting a better environment ....

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Euro Forecast: EUR/AUD, EUR/CAD, EUR/NZD Rates Outlook

Euro Forecast: EUR/AUD, EUR/CAD, EUR/NZD Rates Outlook
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