At mid-day on Friday, the EUR/USD currency exchange rate was finding support in the trend line, which connects the week's low levels. Meanwhile, it was spotted that the hourly simple moving averages could shortly impact the currency pair. Economic Calendar Analysis During next week, there are various types of events, which could impact different currencies. However, among the events it is clear
The resistance of the 1.1400 mark, the weekly simple pivot point and the 200-hour simple moving average held on Wednesday. On Thursday, the EUR/USD currency exchange rate retreated and shortly traded below the 1.1350 mark. By the start of the day's US trading hours, the pair fluctuated between the 1.1350 and 1.1380 levels. Economic Calendar Analysis During next week, there are various types
In the aftermath of the release of the US FOMC Meeting Minutes, the US Dollar's value declined. Due to that reason the EUR/USD currency exchange rate approached the resistance of the 1.1400 mark, which was strengthened by the 200-hour simple moving average and the weekly simple pivot point. Economic Calendar Analysis On Thursday, the US Unemployment Claims could cause an adjustment of
At midnight to Tuesday, the EUR/USD currency exchange rate broke the channel down pattern, which guided the rate since the US CPI release on Thursday. By the middle of Tuesday's European trading hours, the currency exchange rate had reached above the 50-hour simple moving average at the 1.1340 mark. In the meantime, the pair was finding resistance in the 1.1350
The EUR/USD has been declining in a channel down pattern since the pair touched the US CPI high on February 10. On Monday, the pair was approaching the 1.1300 mark and the weekly S1 simple pivot point at 1.1289. Economic Calendar Analysis On Tuesday, at 13:30 GMT, the US Producers Price Index data will reveal, how high is the inflation at the
The EUR/USD reacted to the publication of the US Consumer Price Index by being highly volatile in the 1.1375/1.1500 range. On Friday morning, the volatility was gone and the pair declined below the 1.1375 mark, before retracing to the 1.1400 level. At mid-day, it appeared that the 1.1400 mark was acting as resistance. Economic Calendar Analysis On Tuesday, at 13:30 GMT, the
The support of the 1.1400 mark was strong enough on Wednesday morning to cause a breaking of the resistance line, which had guided the rate down since February 4. In addition, the currency exchange rate passed the resistance of the 50 and 100-hour simple moving averages. Economic Calendar Analysis There will be one notable event during the week. On Thursday, the publication
The EUR/USD has reached below the support of the 1.1412/1.1416 zone. However, after shortly reaching below the 1.1400 mark, the pair found support in the 100-hour simple moving average. In the meantime, it was spotted on Tuesday that the pair has been declining since February 4 in a channel down pattern. Economic Calendar Analysis There will be one notable event during the
In the aftermath of the ECB caused surge, the EUR/USD currency exchange rate has begun to consolidate by trading sideways. The rate has been trading sideways between the support of the 1.1412/1.1416 zone and resistance at 1.1472/1.1485. Economic Calendar Analysis There will be one notable event during the week. On Thursday, the publication of the US Consumer Price Index and US Core
On Thursday, at 12:45 GMT, the European Central Bank published its Main Refinancing Rate and Monetary Policy Statement. In general, the bank kept its rate at 0.00%, but revealed that it would end its quantitative easing policy. Afterwards, comments made by the head of the central bank Christine Lagarde caused a surge of the currency pair. Economic Calendar Analysis On Friday, the US
On Wednesday, the recovery of the Euro against the US Dollar continued to surge, as the pair breached the weekly R1 simple pivot point at 1.1293 and the 1.1300 mark. By the middle of the day's trading, the pair had reached above 1.1320. Economic Calendar Analysis On Thursday, at 12:45 GMT the European Central Bank is set to publish its Main Refinancing
During Tuesday's trading hours, the EUR/USD continued to recover, as by mid-day the rate had reached the 1.1280 mark. Meanwhile, it was spotted that the rate had reached above the 200-hour simple moving average, which appeared to have started to act as support. Economic Calendar Analysis On Tuesday, the US ISM Manufacturing Purchasing Managers Index release at 15:00 GMT could cause USD
On Monday, the EUR/USD currency exchange rate recovered and reached the 1.1200 mark. The rate had reached the level by finding support in the 50-hour simple moving average and the 1.1150 level. Economic Calendar Analysis On Tuesday, the US ISM Manufacturing Purchasing Managers Index release at 15:00 GMT could cause USD moves. On Wednesday, at 13:15 GMT, the US ADP Non-Farm Employment Change
The EUR/USD decline reached a new low level, as the pair touched the 1.1120 mark at mid-day on Friday. However, in the afternoon, the pair sharply recovered, as it suddenly surged to the 1.1160 mark. Both of the mentioned levels have been marked on the pair's chart. Economic Calendar Analysis EUR/USD hourly chart's review If the currency exchange rate passes above the 1.1160
On Wednesday at 19:00 GMT, the US Federal Reserve confirmed that it would end quantitative easing, gradually decrease its balance sheet and hike interest rates. The event resulted in a minor decline of the USD, which was followed by a sharp surge of the US currency. By the middle of Thursday's European trading, the event had resulted in a decline of
The EUR/USD passed the support of previous January low levels near 1.1275. However, the pair has close by the December 21 and 22 low level zone above the 1.1260 mark. Meanwhile, the US Dollar is expected to strengthen, as the markets expect Wednesday's hawkish Federal Reserve announcements at 19:00. Economic Calendar Analysis This week the top event will be the US Federal
The EUR/USD has been trading between a support zone that surrounds the 1.1450 mark and a resistance zone at 1.1480, since the middle of Thursday's European trading. However, on Friday, the pair was approached by the additional support of the 50-hour simple moving average, which could push the rate up. Economic Calendar Analysis The week will end with the US Retail Sales
As expected, the EUR/USD surge quickly reached the weekly R2 simple pivot point and the 1.1450 mark. By the middle of Thursday's trading, the rate had found resistance in the 1.1480 mark. Economic Calendar Analysis The week will end with the US Retail Sales and Core Retail Sales on Friday at 13:30 GMT. The pair has moved from 8.5 to 21.7 pips. Click
On Wednesday, at 13:30 GMT, the US Consumer Price Index and Core Consumer Price index data was released. The USD reacted by declining. The data beat the forecasts, as the US CPI came in at 0.5% instead of the forecast 0.4%. Meanwhile, the US Core CPI was revealed to be 0.6%, compared to the expected 0.5%. The event pushed the EUR/USD
On Monday, the EUR/USD found support in the 1.1285/1.1287 zone. The zone has been acting as support since early January 6 trading hours. By the middle of Tuesday's trading hours, the rate had recovered and encountered resistance at the 1.1350 level. At the start of US trading hours at 14:30 GMT, the pair had retreated to the 1.1320 level. The 1.1320
The EUR/USD broke the triangle pattern in a sharp move upwards, as it should have happened in theory of the triangle. The surge ended at the 1.1365 level. From that level the currency exchange rate started a decline. By the middle of Monday's European trading hours, the rate had returned to the 1.1300 mark. Economic Calendar Analysis The top data set of the
On Friday, analysts connected the January high levels of the EUR/USD currency exchange rate to reveal a resistance line. Meanwhile, the December 29 and January 4 low levels form a support zone. The two technical drawings combined form a descending triangle pattern. In theory, the pattern should squeeze the rate in, as the resistance line would force the rate into the
The EUR/USD was testing the resistance of the weekly simple pivot point at 1.1345, as the US Fed Meeting Minutes were released. A strengthening of the USD followed, which beat down the EUR/USD. The decline eventually stopped at the 1.1285 level, on Thursday morning. However, since then the rate has been looking for direction, as it ignores technical levels and
On Tuesday, the EUR/USD found support in the December 29 low level at 1.1275 and the 1.1280 mark. The following surge passed the resistance of the channel down pattern, which recently guided the pair down. In addition, the technical resistance of the 50, 100 and 200-hour simple moving averages and the weekly S1 simple pivot point were passed. By the middle