EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – April 27, 2018

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Published: Apr 27, 2018, 08:42 UTC

EUR/USD The Euro had a volatile move during the yesterday's session as it bounced around the 1.2150 level. This is because of the statement coming in from

Forex Trading Signals - December 20, 2017

EUR/USD

The Euro had a volatile move during the yesterday’s session as it bounced around the 1.2150 level. This is because of the statement coming in from ECB chairman indicating of continuing with the low-interest rate phase for an extended time. The pair may continue to face bearish pressure but due to a massive support underneath at 1.21 level, there will be noise in the market for next several sessions. …Read More

GBP/USD

The British Pound rallied during the yesterday’s session reaching towards the 1.40 level which is indicating of continuation of bullish pressure. If the market breaks above the 1.4025 level then it will continue to move higher towards the 1.41 level and 1.43 level eventually. The pair has a strong support underneath at the 1.39 and 1.38 level, and buying in dips is going to be the right strategy to play this market. …Read More

AUD/USD

The AUD was mostly in a sideways momentum during the Thursday’s session as the 0.75 level is providing a bit of support. If the pair break below this level then it will be very negative reaching further lower. Until it breaks above the 0.77 level, the pair will continue to consolidate around this region. …Read More

USD/JPY

The pair moved a bit lower during the yesterday’s session as the market was bit overextended and also the 109.50 level offered resistance. Given enough time, this market is likely to continue with its bullish momentum moving above the 110 level and further higher and also volatility will persist in the market. …Read More

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Colin Firstauthor

Colin specializes in developing trading strategies and analyze financial instruments both technically and fundamentally. Colin holds a Bachelor of Engineering From Milwaukee University.