News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Mixed
Wall Street
Mixed
Gold
Bearish
GBP/USD
Bullish
USD/JPY
Bullish
More View more
Real Time News
  • Sri Lankan central bank standing lending rate unchanged at 5.5%, standing deposit rate unchanged at 4.5%- BBG
  • US macro data were largely mixed overnight, with the initial jobless claims showing further weakness while durable goods orders beat expectations. The weekly jobless claim report registered 778k for the week ending Nov 21, marking a fifth-week high (chart below). https://t.co/ds0pgYjFoV
  • Singapore's Straits Times Index might be vulnerable to a technical pullback after rising more than 19% in November. An immediate support level can be found at 2,800. https://t.co/Jb8nuo0Gg2
  • Gold and silver prices have come under significant pressure recently. However, this correction lower could prove short-lived as price analysis hints at a reversal higher. Get your $XAUUSD market update from @DanielGMoss here:https://t.co/K1qL0fsGwy https://t.co/lvDggOLCCR
  • Australian Dollar to Rise as Easing Border Restrictions Buoy Sentiment - https://www.dailyfx.com/forex/market_alert/2020/11/26/Australian-Dollar-to-Rise-as-Easing-Border-Restrictions-Buoy-Sentiment.html $AUD $AUDJPY $AUDUSD https://t.co/izMcqggHOC
  • 🇰🇷 Interest Rate Decision Actual: 0.5% Expected: 0.5% Previous: 0.5% https://www.dailyfx.com/economic-calendar#2020-11-26
  • Bank of Korea: 2020 GDP growth seen at -1.1% versus -1.3% projected in August, 2021 GDP growth seen at 3.0% versus 2.8% anticipated prior -BBG
  • Heads Up:🇰🇷 Interest Rate Decision due at 01:00 GMT (15min) Actual: 0.5% Expected: 0.5% Previous: 0.5% https://www.dailyfx.com/economic-calendar#2020-11-26
  • 7 out of 11 Dow Jones sectors ended lower, with about 63.3% of the index’s constituents closing in the red. Energy (-3.64%) , materials (-2.25%) and communication services (-1.24%) were among the worst performers on Wednesday. https://t.co/5MfrUSOYw4
  • Australian Private Capital Expenditure -3.0% in Q3 vs -1.5% expected and from -6.4% in Q2 (revised worse from -5.9%), $AUDUSD little changed so far -BBG
Euro Price Outlook: EUR/SEK, EUR/TRY, EUR/NZD

Euro Price Outlook: EUR/SEK, EUR/TRY, EUR/NZD

2020-02-13 22:13:00
Thomas Westwater, Contributor
Share:

EuroTalking Points:

  • EURSEK bearish trend remains intact
  • Recent support holding in EURTRY
  • EURNZD break lower looks likely

EURSEK Outlook:

The Euro has been breaking lower against the Swedish Krona in recent weeks. The cross made a multi-month run higher before surrendering strength after putting in a high of 10.6934 on January 31st. Thursday’s price action looks to be forming a Doji candlestick, suggesting no conviction for a price direction from bears or bulls.

Earlier price action saw a bounce off prior support/resistance set through December. Should the bearish trend continue, watch for this level to give way to December lows around the 10.4170 level. While Thursday’s forming Doji candlestick suggests indecisiveness, the larger bearish trend remains intact.

EURSEK (Daily Chart)

EURSEK Price Chart

EURTRY Outlook:

A bullish picture emerges for the Euro versus the Turkish Lira. The cross is defending a higher low, put in place from last week after pulling back from a multi-month high earlier this year. If 6.5480 holds, the nearest level of potential support, the cross will likely maintain the bullish momentum seen in recent months and look to challenge January highs.

EURTRY (Daily Chart)

EURTRY Price Chart

EURNZD Outlook:

Price broke below a previous level of resistance today on EURNZD. Although support could still be provided, for now, bears look to be in control. The next level of support likely sits at 1.6749 - however, the level recently went unchecked. Should bears continue driving price lower, support at 1.6664 will be the next defining level for the pair.

EUR Forecast
EUR Forecast
Recommended by Thomas Westwater
Get Your Free EUR Forecast
Get My Guide

EURNZD (Daily Chart)

EURNZD Price Chart

--Written by Thomas Westwater, Intern Analyst for DailyFX.com

Contact and follow Thomas on Twitter @FxWestwater

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES