The EUR/USD broke the channel down pattern due to the release of US monthly employment data causing a drop of the US Dollar's value. The following surge eventually stopped at 1.1040. On Monday, the rate was declining and had reached the combined support of the 50 and 100-hour simple moving averages near 1.0970. Economic Calendar Analysis Watch out for the US
The currency pair has managed to pass the resistance of the 1.0935/1.0945 range and the 50-hour simple moving average. However, the 1.0960 level acted as resistance. As the rate approached the upper trend line of the descending channel pattern, a decline started, which was looking for support in the 1.0935/1.0945 zone. Economic Calendar Analysis On Friday, at 12:30 GMT, the US
The EUR/USD has declined below the support of the weekly S1 simple pivot point at 1.0920. Next target for the decline appeared to be the 1.0900 mark. In the meantime, the rate appeared to be confirming the 1.0935/1.0945 range as resistance. Economic Calendar Analysis On Friday, at 12:30 GMT, the US employment data will impact the USD and all rates that
The EUR/USD has bounced off the combined resistance of the weekly simple pivot point and the 100-hour simple moving average, before reaching the 1.1050 level. The following decline has reached below the 1.0960 level during mid-Tuesday trading. Economic Calendar Analysis On Thursday, watch out for the Bank of England's expected rate hike at 5.25%. It is possible that not only the
The EUR/USD has surged above the 1.1000 mark. On Monday, the pair traded in the 1.1005/1.1045 range. It was observed to be ignoring the 50 and 100-hour simple moving averages, the weekly simple pivot point at 1.1035 and the support and resistance range at 1.1020/1.1040. Economic Calendar Analysis This week, the rate could be impacted by the publication of the US
The Federal Reserve hiked just 0.25% that were expected. Moreover, follow up comments by the head of the Federal Reserve have been perceived by the markets as dovish for the USD. Namely, the US Dollar's value and demand for it will not grow due to monetary tightening, as the Fed remains indecisive and "data dependant." In the aftermath of the event,
Today, all attention will be on the US Federal Reserve Rate announcement at 18:00 GMT. The event is going to set the base rate on the USD. A hike is expected to increase the USD demand and value, but no hike would decrease it. Prior to the event, the EUR/USD retraced back up and broke two resistance levels. It could
By mid-Tuesday's European trading hours, the EUR/USD had declined to the 1.1040 level, as it passed the weekly S1 simple pivot point at 1.1063. Economic Calendar Analysis This week, all attention will be on the expected US Federal Reserve Rate hike at 18:00 GMT on Wednesday. The Federal Reserve is expected to increase base interest rate by 0.25%. On Thursday, the European Central
The EUR/USD bounced off the 1.1240/1.1275 range and started a decline. By July 24, the rate had reached below the 1.1100 mark. Economic Calendar Analysis This week, all attention will be on the expected US Federal Reserve Rate hike at 18:00 GMT on Wednesday. The Federal Reserve is expected to increase base interest rate by 0.25%. On Thursday, the European Central Bank is
The 1.0835/1.0840 range has continued to act as support. Meanwhile, the currency exchange rate has respected the combined resistance of the 1.0900 mark and the 200-hour simple moving average.On the daily candle chart, additional resistance and support are forcing the pair into sideways trading. In theory, a break out should occur. Economic Calendar Analysis On July 7, at 12:30 GMT, the US
The EUR/USD has declined and reached the support zone at 1.0835/1.0840 and the weekly S1 simple pivot point at 1.0838. These levels held on Thursday morning and caused a retracement back up. During the first part of the day's trading, the rate encountered resistance in the 50-hour simple moving average. Economic Calendar Analysis On Thursday, watch out for the ADP Non-Farm Employment
The EUR/USD bounced off the resistance range at 1.0930/1.0940 and declined below 1.0900 during the US holidays. On Wednesday, the pair was finding resistance in the combination of the 200-hour simple moving average at 1.0910 and the weekly simple pivot point at 1.0907. Meanwhile, some support appears to have been found in the 1.0880 and 1.0870 levels. Economic Calendar Analysis This week,
The EUR/USD has revealed support and resistance zones. Support is being found at the 1.0840 level. Resistance is provided by the 1.0930/1.0940 range. On Monday, the pair was testing the resistance zone. Meanwhile, the rate ignored the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point. Economic Calendar Analysis This week, the top event will be the FOMC
The United States Bureau of Economic Analysis has published the US Final quarter on quarter Gross Domestic Product data. The markets expected US economy to have grown in the first quarter of the year by 1.4%. Instead of the expected, the economy has been reportedly increased by 2.0%. On the EUR/USD charts it resulted in a drop down to the 1.0860
The EUR/USD currency pair has declined down to the combined support of the 50, 100 and 200-hour simple moving averages at 1.0930. Economic Calendar Analysis On Thursday, the US Gross Domestic Product release is highly likely going to impact the financial markets via an adjustment of the USD value. On Friday, at 12:30 GMT, the US Core PCE Price Index is set to
The EUR/USD has continues its recovery. By mid-Tuesday, the rate had reached above the resistance levels near 1.0920. Economic Calendar Analysis On Thursday, the US Gross Domestic Product release is highly likely going to impact the financial markets via an adjustment of the USD value. On Friday, at 12:30 GMT, the US Core PCE Price Index is set to impact the US Dollar.
Worse than expected European country Purchasing Managers Indices caused a constant decline of the Euro from 07:00 GMT up to 08:00 GMT on Friday. The rate eventually started a recovery, which has reached back above 1.0900. However, it has been spotted that the EUR/USD is encountering resistance in the 200-hour simple moving average. Meanwhile, the 1.0900 was acting as support during
The Euro has recovered against the US Dollar above the 1.1000 mark. At mid-day on Thursday, the pair pierced the round level indicating that the pair could continue to move higher. Economic Calendar Analysis The currency pair might react to the upcoming release of the European and US Flash Manufacturing and Services sector PMIs. The European releases will happen from 07:15 up
The EUR/USD has passed below the 1.0700 mark, which previously acted as support. In general, the pair has reached levels not seen since March, as the US Dollar continues to gain value. Economic Calendar Analysis On June 1, watch the US ISM Manufacturing Purchasing Managers Index release at 14:00 GMT. On June 2, the United States are scheduled to publish the monthly
The EUR/USD has recently encountered resistance near 1.0760 and found support at 1.0700 level. However, by mid-Monday, the rate was at the same levels as on Thursday and Friday. Economic Calendar Analysis Watch for the US ISM Manufacturing PMI on Thursday at 14:00 GMT and the Friday's release of the US Unemployment data at 12:30 GMT. EUR/USD hourly chart A decline of the pair
The EUR/USD has recently moved upwards to the combined resistance of the 50-hour simple moving average and the weekly S1 simple pivot point at 1.0740. Economic Calendar Analysis On Friday, at 12:30 GMT, the Core PCE Price Index is bound to impact financial markets through the US Dollar. Next week, watch for the US ISM Manufacturing PMI on Thursday at 14:00 GMT and
As the markets switch to the safety of the US Dollar due to a possible US government default, the EUR/USD has continued to decline. By mid-Thursday, the currency pair had passed below the weekly S1 simple pivot point and reached the 1.0720 level. Economic Calendar Analysis On Thursday, The US Preliminary GDP and Unemployment Claims releases at 12:30 GMT are highly likely
The EUR/USD has found support in the support zone at 1.0760. On Wednesday, a recovery was taking place and testing the resistance of the 50 and 100-hour simple moving averages near 1.0795. Economic Calendar Analysis On Wednesday, at 18:00 GMT, the FOMC Meeting Minutes publication could provide more insight into the Federal Reserve's policy. On Thursday, The US Preliminary GDP and Unemployment
The EUR/USD has bounced off the resistance zone at 1.0825/1.0830 and declined below 1.0800 level. Moreover, the pair has passed the support of the 55-hour simple moving average. Economic Calendar Analysis On Tuesday, the US PMIs will be published. The survey result release is scheduled for 13:45 GMT. On Wednesday, at 18:00 GMT, the FOMC Meeting Minutes publication could provide more insight into