The lower than expected overall US inflation data was taken in by the markets as a signal that the US Federal Reserve would not continue to hike interest rates. The news caused a drop of the US Dollar. As a result, the EUR/USD currency pair has surged. By the middle of Thursday's trading, the pair was above 1.1025. Economic Calendar Analysis On
The EUR/USD revealed a support zone below 1.0840 on Monday. The support zone was enough to cause a surge, which by mid-Tuesday had managed to reach above the technical levels near 1.0900. Economic Calendar Analysis On Wednesday, watch out for the US Consumer Price Index release at 12:30 GMT. The US inflation data is bound to impact the US Dollar's value. On
The EUR/USD has retreated back below 1.0900. However, on Thursday, the rate was making attempts to recover, as it tested the 1.0910/1.0930 range and the combination of the 50-hour simple moving average and the weekly R1 simple pivot point at 1.0928. Economic Calendar Analysis On Friday, at 12:30 GMT, the United States will publish the Average Hourly Earnings, Non-Farm Employment Change and
The US JOLTS Job Opening data caused a drop of the US Dollar at 14:00 GMT on Tuesday. The event caused a surge of the EUR/USD above the resistance of 1.0910/1.0930. Since the surge, the pair has been fluctuating in the 1.0940/1.0970 range. Economic Calendar Analysis Above all, on Friday, at 12:30 GMT, the United States will publish the Average Hourly Earnings,
At the start of April trading, the US Dollar was highly volatile. Initially, OPEC+ decreased production. The decrease caused a surge of oil prices. The increase of oil prices first of all increased demand for oil deals in USD and secondly signals that inflation would remain high. High inflation is expected to be the basis for more USD interest rate
The EUR/USD surge has encountered resistance in the high level zone at 1.0910/1.0930. As a result, by the middle of Friday's trading, the pair had retreated down below 1.0900. Economic Calendar Analysis On Monday, the US ISM Manufacturing PMI release at 14:00 GMT could cause a move in the US Dollar. On Wednesday, the US ADP Non-Farm Employment change at 12:15 GMT
Step by step, the EUR/USD moves higher, as the pair has reached above 1.0850 on Wednesday. Economic Calendar Analysis On Thursday, the German Preliminary Consumer Price Index will reveal how inflation has done in the biggest economy of the Euro Zone. The European Central Bank watches the data, as it makes decisions on monetary policy. On the same day, at 12:30 GMT, the
On Tuesday, the EUR/USD continued higher, as it approached 1.0850. Economic Calendar Analysis On Thursday, the German Preliminary Consumer Price Index will reveal how inflation has done in the biggest economy of the Euro Zone. The European Central Bank watches the data, as it makes decisions on monetary policy. On the same day, at 12:30 GMT, the publication of Final US quarterly Gross
The bounce off from the support of the 200-hour simple moving average has continued, as the EUR/USD currency exchange rate has reached the 1.0800 mark and the resistance of the 100-hour SMA near it. Economic Calendar Analysis On Thursday, the German Preliminary Consumer Price Index will reveal how inflation has done in the biggest economy of the Euro Zone. The European Central
The EUR/USD currency pair has revealed a resistance zone at 1.0908/1.0930. The resistance zone managed to force the pair into a decline down to the 1.0830 level. During the decline, the rate passed below the support of the 50-hour SMA and the 1.0850 mark. Economic Calendar Analysis During the upcoming week, the currency pair is most likely going to be impacted by
The EUR/USD has reacted to the Federal Reserve Rate hike of 0.25% and the following comments of the head of the central bank Jerome Powell. In general, the central bank plans no rate cuts. In regards to further hikes the central bankers would continue to watch inflation data. The pair reacted to the news with a surge. The surge is
On Tuesday, the EUR/USD had continued the surge, which was started by the European Central Bank's 0.50% rate hike. During the start of this week, the pair reached above 1.0700, before consolidating. Note that the currency pair is bound to remain rather flat until the Wednesday's 18:00 GMT Federal Reserve Interest Rate hike and follow up press conference. Economic Calendar Analysis All
The EUR/USD has experienced a recovery, which has reached above the 1.0600 mark. Most recently, the currency pair encountered resistance in the 100-hour simple moving average. The recovery has occurred due to the ECB 0.50% base interest rate hike. Namely, funds are flowing into Euro denominated investments, adjusting to the new rate. Economic Calendar Analysis During the following week, all attention of the
The EUR/USD is dropping due to crash of the European banking stock prices. A major run to safety is occurring. From a technical analysis perspective the pair has dropped to the support levels below 1.0550. Economic Calendar Analysis On Thursday, the EUR/USD is set to react to the expected 0.50% European Central Bank Main Refinancing Rate hike at 13:15 GMT. The ECB
The EUR/USD has revealed a resistance zone below the 1.0750 mark. Meanwhile, support is being found in the trend line, which has guided the currency pair up since Friday. In addition, note the support of the 50-hour simple moving average and the 1.0700 mark. Economic Calendar Analysis The top event of the week was the US Consumer Price Index release, which hit
The EUR/USD shortly pierced the resistance zone at 1.0762/1.0766 due to the publication of lower than forecast German Consumer Price Index. Namely, for some reason the lower than expected inflation was seen by the markets as positive for the Euro. However, the pair did not remain above the resistance zone for long. On Friday, the pair was back near 1.0700. Economic
The interview of Jerome Powell on Tuesday caused high volatility of the EUR/USD, which has resulted in the rate recovering to the 1.0750 level. Economic Calendar Analysis During the week there are no scheduled major events, which might impact the currency rate. EUR/USD hourly chart A move above the 1.0762/1.0766 range, which captures Tuesday's reversal zone, might encounter resistance in the 1.0800 mark and
The major volatility of the EUR/USD has ended. The pair has started a steady decline, which respects round price levels. On Tuesday morning, the pair had reached the 1.0700 mark, which acted as support. Economic Calendar Analysis During the week there are no scheduled major events, which might impact the currency rate. EUR/USD hourly chart A move below the 1.0700 mark could look for
The EUR/USD has continued to act to major fundamentals events. The Federal Reserve press conference beat down the USD, then the ECB boosted the Euro. Most recently, the US employment data caused a major surge of the US Dollar. The chart has seen spikes and drops throughout the last few days, which have ignored almost all technical levels. The Average Hourly
The EUR/USD started a recovery, prior to properly touching the support of the 1.0800 mark. The low levels, which acted as support have been marked on the chart. The follow up recovery had reached above various technical levels including weekly simple pivot points and the 50, 100 and 200-hour simple moving average. The move back up to previous levels was attributed
The EUR/USD did not wait until the publication of the US Federal Reserve rate or the ECB rate, as on Tuesday morning the pair declined. Namely, the pair reached below the 1.0835/1.0840 range and approached the 1.0800 mark. Economic Calendar Analysis This week, various events will impact the markets. In general, fundamentals are set to impact the currencies. On Tuesday, at 15:00
The EUR/USD appears to be waiting for the Federal Reserve rate hike and press conference by trading near the 1.0900 level. Resistance is found at 1.0920/1.0925 and support is located at 1.0835/1.0840. Economic Calendar Analysis This week, various events will impact the markets. In general, fundamentals are set to impact the currencies. On Tuesday, at 15:00 GMT, the Consumer Board Consumer Confidence
On Thursday, the EUR/USD approached the 1.0920/1.0925 zone, which once again acted as resistance. The following decline reached the 50-hour simple moving average and the 1.0900 mark. Economic Calendar Analysis On Thursday, the US Advance GDP data is set to reveal whether the United States are or are not experiencing a decline in the Gross Domestic Product at 13:30 GMT. The Advance
The EUR/USD found support in the combination of the weekly simple pivot point and the 100 and 200-hour simple moving averages near 1.0840. The event was followed by a surge. By the middle of Wednesday's European trading hours, the pair had reached above 1.0900 and was testing the resistance of the weekly R1 simple pivot point at 1.0906. By 12:00 GMT,