At mid-day on Wednesday, the EUR/USD plummeted, as it passed one weekly simple pivot point after another until it found support in the 1.1590 level. By Thursday's European morning hours, the rate had been consolidating by trading sideways between the 1.1590 and 1.1610 levels. Economic Calendar Analysis On Thursday, at 12:30 GMT the US GDP, the US weekly Unemployment Claims
First of all, on Wednesday the EUR/USD currency exchange rate reached a new low level, as it almost touched the 1.1650 mark. In addition, the currency exchange rate has revealed a channel down pattern, which has guided it since September 24. Economic Calendar Analysis On Thursday, at the same time as the US GDP, the US weekly Unemployment Claims could
On Monday morning, the EUR/USD found support in the low level of September 22 at 1.1685. In addition, the weekly S1 simple pivot point of this week was located at this level. Near term future forecast scenarios were based upon whether or not the support holds. Economic Calendar Analysis On Monday, a slight move on all USD assets could be
On Friday morning, the EUR/USD currency exchange declined, as it had bounced off this week's high zone that surrounds the 1.1750 level. Economic Calendar Analysis On Monday, a slight move on all USD assets could be caused by the US Durable Goods Orders and Core Durable Goods Orders release at 12:30 GMT. On Thursday, at the same time as the US
The release of the US Federal Reserve Meeting Minutes caused volatility, which eventually lead to a decline below the 1.1700 mark. The decline was stopped by the weekly S1 simple pivot point at 1.1686. Afterwards, at midnight to Thursday, the pair began a recovery. By the middle of the day, the recovery had reached the combined resistance of the
The EUR/USD bounced off the resistance of the 1.1750 level on Tuesday. By the middle of Wednesday's trading hours, the rate had been fluctuating between the 1.1720 level and the 1.1740 level. Meanwhile, the rate was being approached by the resistance of the 100-hour simple moving average from above. Economic Calendar Analysis On Wednesday, the top event of all macroeconomic
The EUR/USD currency exchange rate has recovered to the 1.1750 level, which on Tuesday appeared to be providing resistance. Economic Calendar Analysis On Wednesday, the top event of all macroeconomic events will occur. The US Federal Reserve Federal Open Market Committee is going to publish their Economic Projections, Statement and the Federal Funds Rate. This event has caused EUR/USD moves
The decline of the EUR/USD currency exchange rate eventually reached the 1.1750 level, where it found support in the round exchange rate level and the weekly S2 simple pivot point. By zooming in the chart, it can be clearly observed that the rate bounced off exactly from the pivot point. On Friday, the currency pair recovered and passed the resistance of
At mid-day on Thursday, the EUR/USD passed the previous September low level at the 1.1770 mark. In addition, note that after failing to pass the resistance of the 1.1820 mark, the rate lost more than 50 base points in just 8 hours. Some attributed the decline to an upcoming speech of ECB President Christine Lagarde, which was scheduled for 12:00 GMT.
The release of the US Consumer Price Index on Tuesday at 12:30 GMT, caused a drop of the value of the USD. The EUR/USD rate surged and broke the upper trend line of the channel down pattern. By the middle of Wednesday's European trading hours, the pair had started to fluctuate near the 1.1830 mark. Economic Calendar Analysis On Wednesday,
On Tuesday, Dukascopy Analytics spotted a channel down pattern on the EUR/USD hourly candle chart. The pattern appears to have guided the pair down since the September 3 bounce off from the resistance of the 1.1900 level. During Tuesday's morning trading hours, the rate was testing the resistance of the pattern near 1.1830. Economic Calendar Analysis The week's notable events
On Friday morning, the EUR/USD currency exchange rate passed the resistance of the 55, 100 and 200-hour simple moving averages and reached the 1.1850 level. Economic Calendar Analysis On Friday, at 12:30 GMT the rate could move due to the publication of the US Producers Price Index. EUR/USD hourly chart's review In the near term future, the currency exchange rate could test
The decline of the EUR/USD continued on Wednesday, as the rate eventually reached the support of the weekly S1 simple pivot point at 1.1806. However, after touching the pivot point, the pair recovered to the 1.1830 level. Up to the middle of Thursday's trading, the EUR/USD has been fluctuating sideways between the 1.1810 and 1.1830 levels. Economic Calendar Analysis This week,
On Tuesday, the EUR/USD eventually passed the support of the weekly simple pivot point at 1.1858. By the middle of Wednesday's European trading hours, the pair had reached the 1.1830 level. Economic Calendar Analysis This week, the EUR is expected to react to the publication of the European Central Bank's Monetary Policy Statement on Thursday 11:45 GMT. However, the reaction
The EUR/USD found support on Monday in the weekly simple pivot point at 1.1858. On Tuesday, the rate had slightly recovered. In the meantime, the pair was approached by the 100-hour simple moving average, which could provide additional support and push the rate up. Economic Calendar Analysis This week, the EUR is expected to react to the publication of the
The release of US monthly employment data on Friday caused an increase of volatility, which broke the channel up pattern that guided the rate since August 19. Afterwards, the rate began a decline. On Monday morning, the currency exchange rate's decline passed the support of the 55-hour simple moving average. In the near term future, the rate was expected to look
On Thursday, the EUR/USD currency exchange rate found support in the weekly R1 simple pivot point at the 1.1837 level. It resulted in a surge. The surge initially respected the upper trend line of a channel up pattern and the weekly R2 simple pivot point's resistance. However, on Friday morning the pair shortly pierced the trend line before returning to trade
The release of US ADP payrolls caused an all-out decline of the US Dollar. Due to that reason, the EUR/USD currency exchange rate began a surge. The surge reached the upper trend line of the channel up pattern, which had guided the rate since August 19. On Thursday, the rate had retreated and traded sideways, as previous gains were being consolidated.
After reaching the 1.1840 level on Tuesday, the EUR/USD began a decline. The decline eventually reached the support of the 1.1800 level before recovering. Meanwhile, take into account that the pair had shortly fluctuated below the 1.1800 mark. Economic Calendar Analysis This week, the EUR/USD could be impacted by the release of the US ISM Manufacturing Purchasing Managers Index release
The EUR/USD has clearly passed the previous August high level near 1.1800. On Tuesday morning, the currency exchange rate reached the 1.1830 level. After reaching the 1.1830, the pair began to consolidate. Economic Calendar Analysis This week, the EUR/USD could be impacted by the release of the US ISM Manufacturing Purchasing Managers Index release on Wednesday at 14:00 GMT. The top
On Monday morning, the EUR/USD currency exchange rate pierced the August high level near the 1.1800 mark. However, by the middle of the day's European trading the event was not followed up by a surge. Economic Calendar Analysis This week, the EUR/USD could be impacted by the release of the US ISM Manufacturing Purchasing Managers Index release on Wednesday at
On Thursday, the common European currency fell by 30 pips or 0.25% against the US Dollar. The decline was stopped by the 100– hour simple moving average during Thursday's trading session. Economic Calendar Analysis EUR/USD hourly chart's review If the exchange rate breaks the 100– hour SMA support line at 1.1746, a decline towards the 61.80% Fibonacci retracement level at 1.1723
On Wednesday, the EUR/USD currency pair bounced off a support level formed by the 200– hour simple moving average at 1.1729. As a result, the common European currency surged by 43 pips or 0.37% against the US Dollar during Wednesday's trading session. Economic Calendar Analysis On Thursday, the US Preliminary GDP could cause a notable reaction in the markets. EUR/USD hourly
On Tuesday, the EUR/USD found support in the 1.1730 level and afterwards reached the resistance of the 1.1760 mark, which was tested two times. In the meantime, it was spotted that the rate appears to have started to respect the support of the 200-hour simple moving average. Meanwhile, the currency exchange rate appears to be trading in a still not confirmed