EUR/USD Analysis ECB Preview
In terms of EUR/USD we have the ECB tomorrow and see limited upside and plenty of downside potential in the pair. Our view of the fundamentals sentiment and technicals below
We think the DXY is getting ready to move higher after its recent correction – we have seen some upside but expect more to come.
After a major downtrend, we have seen some USD strength and now we have sideways price action and expect an upside breakout. We view the risk to reward on this trade as attractive...
AUD/USD has seen some weakness but we expect far more to come as China Australia's biggest export market slows up.
Read more: AUD/USD Far More Downside as Commodity Exports Slow
We saw USD/JPY sell off to the downside to test last month's spike low which has held the pullback if we can break above nearby resistance we expect a major correction to the upside.
Speculators have bought EUR/USD heavily on the view that the ECB will cut rates at a slower rate than the Fed we dont and expect the EUR to fall heavily to the downside.
Read more: EUR/USD Outlook Analysis Limited Upside and Major Downside
GBP/USD after a strong up trend is now traveling sideways and we now expect the consolidation to end and a break to the downside to unfold.
USD/CZK could take out a key level tomorrow on the realize of NFP and if it does we would expect significant upside.
One of the best trade setups is a a drop in volatility and looking to trade a breakout from a tight range and this scenario is present in CAD/JPY...
Read more: CAD/JPY Outlook Best Setups Trading Tight Range Breakouts
USD/JPY after rallying to the upside has eased back to support and we view USD/JPY as an attractive risk to reward buy.
Read more: USD/JPY Analysis Outlook – Pullback to Support a Buy?
GBP/USD is in a firm-up trend but we are now technically overbought and the bullish fundamentals are now discounted – we expect a downturn in GBP/USD.
Read more: GBP/USD Outlook a Bullish Extreme Uptrend to Exhaust
