The currency exchange rate has reached above the 1.0600 mark. However, the 1.0620 level is acting as resistance. It caused a retracement on Thursday and kept the rate down mid-Monday. Meanwhile, it has been spotted and charted that the rate is in a channel up pattern. Economic Calendar Analysis This week, the rate could react to European and United States data releases. On
The EUR/USD has passed above the resistance range at 1.0555/1.0565 However, the pair has not managed to reach above the 1.0600 mark and the weekly R1 simple pivot point. Economic Calendar Analysis On Thursday, the US weekly Unemployment claims could create a minor reaction in the US Dollar at 12:30 GMT. However, by large this event is being ignored by the markets,
The EUR/USD has confirmed the 1.0500 mark as support. Meanwhile, resistance is found at 1.0555/1.0565. In addition, the pair respects the hourly moving averages. Economic Calendar Analysis This week, there are couple of events that might cause minor reactions in the Forex market. On Thursday, the US weekly Unemployment claims could create a minor reaction in the US Dollar. However, by large
The EUR/USD has managed to reach above the 1.0600/1.0620 resistance. During the second part of Wednesday's trading, it appeared that the range was being confirmed as support. Meanwhile, it is clear that the 50-hour simple moving average provided the needed support for the push through 1.0620. Economic Calendar Analysis On Thursday, at 12:30 GMT, the US Dollar will react to the combination
The EUR/USD is facing the resistance of the 1.0600/1.0620 zone. The zone has previously acted as support and resistance. Economic Calendar Analysis Watch out for the US inflation data. On Wednesday, the US Producer Price Index is set to be published at 12:30 GMT. Also on Wednesday, the US Federal Reserve will publish the FOMC Meeting Minutes. The minutes could reveal more
The EUR/USD has ignored technical levels due to fundamental events taking place. On Friday, the US employment data caused high volatility and an eventual decline of the US Dollar. On Monday, the Dollar recovered because of a run to safety that started due to the war in Israel. By mid-Monday it was observed that the pair had resumed to respect technical
The EUR/USD recovery has reached above the 1.0530 level and the 100-hour simple moving average. The 100-hour SMA was keeping the rate down on Wednesday. On Thursday, the rate reached the resistance of the 200-hour SMA near 1.0540. Economic Calendar Analysis On Friday, the top event of the week will take place. The United States will publish the monthly employment data at
The support of the 1.0450 mark was enough to cause a recovery of the Euro against the US Dollar. The rat has reached above the resistance of the weekly S1 at 1.0486, the 50-hour simple moving average and the 1.0500 mark. At mid-day on Wednesday, the pair faced the 100-hour simple moving average at 1.0525. Economic Calendar Analysis On Thursday, minor action
The resistance of the 200-hour simple moving average was enough for the EUR/USD to resume its decline. The decline was slowed down only by the combination of the 50 and 100-hour SMAs and the weekly S1 simple pivot point at 1.0486. On Tuesday, the pair reached the 1.0450 level. Economic Calendar Analysis On Wednesday, watch out for the ADP Non-Farm Employment Change
The EUR/USD currency exchange rate has extended its recovery. On Friday, the rate was heading to the upper trend line of the channel down pattern. However, it was slowed down by the 200-hour simple moving average near 1.0620. Economic Calendar Analysis This Friday, all attention will be on the US Core PCE Price Index release on Friday at 12:30 GMT. Next week, the
The EUR/USD has started a recovery from the combined support of the 1.0500 mark and the lower trend line of the channel down pattern. During the early hours of Thursday's US trading, the pair had reached the 1.0570 level. Economic Calendar Analysis On Friday, all attention will be on the US Core PCE Price Index release on Friday at 12:30 GMT. EUR/USD hourly
As the EUR/USD rate was being approached by the resistance of the 50-hour simple moving average, the rate resumed its broader decline. By mid-Wednesday, the currency pair had reached below the support of the 1.0550 level and the weekly S2 simple pivot point at 1.0543. Economic Calendar Analysis This week, all attention will be on the US Core PCE Price Index release
Since Monday, the EUR/USD has traded near the 1.0600 mark. Despite passing below support levels, the rate did not decline further. In general, previous scenarios remain valid. Economic Calendar Analysis This week, all attention will be on the US Core PCE Price Index release on Friday at 12:30 GMT. EUR/USD hourly chart The next target for the decline could be the combination of the
On September 25, the EUR/USD currency pair passed below the 1.0600 mark and the weekly S1 simple pivot point at 1.0592 Economic Calendar Analysis This week, all attention will be on the US Core PCE Price Index release on Friday at 12:30 GMT. EUR/USD hourly chart The next target for the decline could be the combination of the 1.0550 level and the weekly S2
The EUR/USD currency exchange rate has passed below the 1.0700 mark. However, the event did not result in a broader decline, as the pair started to trade sideways. By mid-Friday the EUR/USD had bounced around the 1.0700 mark and broken the channel down pattern by remaining almost flat. Economic Calendar Analysis This week, notable events are over. Due to this reason, the
Despite the surge that was caused by the release of the better than forecast US ISM Services PMI, the EUR/USD has remained above the 1.0700 mark. However, on Thursday the rate was approached by the additional resistance of the 50-hour simple moving average, which could push the rate down. Economic Calendar Analysis This week, notable events are over. Due to this reason,
The 1.0800 mark provided enough resistance to keep the EUR/USD down until the 50-hour simple moving average approached and caused a decline. The rate passed below the 1.0766/1.0771 range. By mid-Tuesday the currency pair was heading to the 1.0700 mark. Note that the 1.0700 level was strengthened by the lower trend line of the channel down pattern. Economic Calendar Analysis Watch the
The EUR/USD has confirmed a support zone near the August low level of 1.0766. Namely, there is support at 1.0766/1.0771. The support zone has caused a recovery, due to which the pair is heading to the resistance levels near 1.0830. Economic Calendar Analysis Watch the US ISM services PMI release on Wednesday at 14:00 GMT. Besides this release, there are no notable
Throughout this week, the EUR/USD traded in accordance with US data releases. Most of action occurred in reactionary moves. As the releases are over, technical reviews are back in favour. On Friday, after the last notable events, the EUR/USD was looking for support in the weekly simple pivot point at 1.0829. Meanwhile, resistance was encountered in the 50-hour simple moving average
The surge of the Euro against the US Dollar has encountered resistance in the weekly R1 simple pivot point at 1.0892. During Wednesday's London trading hours, the pair was declining and looking for support. Economic Calendar Analysis The US ADP Non-farm Employment Change number could impact the US Dollar's value at 12:15 GMT. However, more impact might be caused by the US
Due to a broader Dollar's strength, the EUR/USD has passed below the 1.0800 mark. From a technical perspective, the pair bounced off the resistance range at 1.0835/1.0845, which caused the recent decline. However, the situation changed on Tuesday at 14:00 GMT. At 14:00 GMT, the Job Openings and Labor Turnover Survey results were published. It revealed that in the United States
The speech done by Jerome Powell at Jackson Hole caused major volatility of the EUR/USD. the pair traded between the Friday's low level at 1.0766 and the resistance of the 1.0835/1.0845 range. On Monday, the pair traded almost flat between 1.0800 and 1.0820. Economic Calendar Analysis This week, on Tuesday the CB Consumer Confidence and JOLTS Job Opening data sets could
The EUR/USD found support near the 1.0800 mark without properly reaching it. The follow up recovery eventually was met by the resistance of the 50 and 100-hour simple moving averages near 1.0860. The SMAs provided enough resistance for the rate to decline back to 1.0820, where the weekly S1 simple pivot point was acting as support. In general, the rate
S&P Global has released the Manufacturing and Services Purchasing Managers Index survey results for the Eurozone countries. In general, the data has shown a larger than expected activity slowdown in the two sectors. The news caused a decline of the Euro. On the EUR/USD charts the event caused a 56 base point or 0.51% drop. From a technical perspective the fundamental