On Monday, the EUR/USD continued to gain ground against the US Dollar, as it reached above the 1.1750 level. In addition, the currency exchange rate had no technical resistance as high as the 1.1828 level. However, it was expected that the 1.1800 level could provide psychological resistance. Economic Calendar Analysis Notable macroeconomic events are set to start with the biggest and most
A new high level has been reached by the EUR/USD. However, the new high level, namely the 1.1620, provided resistance and stopped three attempts of the rate to move higher. In the meantime, take into account that the 55-hour SMA provided support of the most recent surge. In addition, on Friday, the SMA was located near the 1.1580 level and
The surge of the EUR/USD reached the 1.1600 mark on Wednesday. On Thursday morning, the rate continued to trade this resistance level. The resistance of the round price level could be passed as soon as the rate ends its consolidation and the 55 and 100-hour SMA move closer to it. Economic Calendar Analysis On Thursday, the US Unemployment Claims data is set
During early Wednesday's GMT trading hours, the EUR/USD reached the resistance of the weekly R2 simple pivot point at 1.1545. This resistance level caused a decline, which could eventually reach technical support levels near 1.1490. Economic Calendar Analysis On Thursday, the US Unemployment Claims data is set to be published at 12:30 GMT. On Friday, the UK Retail Sales data will be issued
Since the middle of Monday's trading hours, the EUR/USD has been kept up by the support of the 55 and 100-hour simple moving averages, which have been moving higher. In the meantime, the 1.1470 level provided resistance and stopped a surge during Tuesday's GMT morning hours. Economic Calendar Analysis On Thursday, the US Unemployment Claims data is set to be published at
On Monday, the EUR/USD started the week by breaking the resistance of a 50.00% Fibonacci retracement level. However, after passing the resistance, the rate experienced a sharp drop and retreated to the 55 and 100-hour simple moving averages. Economic Calendar Analysis On Thursday, the US Unemployment Claims data is set to be published at 12:30 GMT. On Friday, the UK Retail Sales data
The EUR/USD currency pair has gained support from the 100-hour moving average near 1.1390. Meanwhile, note that the pair could face the resistance of the weekly R2 at 1.1432. Economic Calendar Analysis Next week is expected to be relatively calm. On Thursday, the US Unemployment Claims data is set to be published at 12:30 GMT. On Friday, the UK Retail Sales data will
During Thursday morning hours, the EUR/USD currency pair resumed to trade within the short-term ascending channel. From a theoretical perspective, it is likely that some downside potential could prevail. Economic Calendar Analysis On Thursday, the European Central Bank will make a rate statement and publish a monetary policy statement at 11:45 GMT. This event will be followed by the publication of
During Wednesday morning hours, the EUR/USD currency pair broke the upper line of the short-term ascending channel. Note that the pair could face the resistance level – the Fibo 50.00%, and reverse south. Economic Calendar Analysis On Thursday, the European Central Bank will make a rate statement and publish a monetary policy statement at 11:45 GMT. This event will be followed by
On Monday, the EUR/USD currency pair tested the weekly R1 at 1.1366. During Monday morning, the pair was testing the support formed by the 55- and 100-hour SMAs, as well the weekly PP near 1.1305. Economic Calendar Analysis This week, data releases are scheduled to start on Tuesday. However, the US CPI data sets have not caused notable moves. Normal volatility
On Friday, the EUR/USD currency pair reversed north from the monthly PP at 1.1253. During Monday morning, the pair was testing the support formed by the 55- and 100-hour SMAs, as well the weekly PP near 1.1305. Economic Calendar Analysis This week, data releases are scheduled to start on Tuesday. However, the US CPI data sets have not caused notable moves. Normal
The EUR/USD decline has passed the support of the hourly simple moving averages and reached the zone just above the 1.1250 level. During early Friday's trading hours, the pair was retracing up and had reached the 1.1290 level. Economic Calendar Analysis On Friday, the US Producer Price Index and US Core Producer Price Index are set to be released. In the recent
The 100-hour SMA managed to hold on Wednesday. Eventually, the squeeze between the 55 and 100-hour SMAs resulted in a sharp move upwards, as the 55-hour SMA failed. At mid-day on Thursday, the rate was retreating to the combined support of the weekly R1 simple pivot point at 1.1308, the 55-hour SMA at 1.1305 and the 100-hour SMA at 1.1292. Economic
The decline of the EUR/USD was stopped by the technical support of the 100-hour simple moving average. On Wednesday morning, the pair continued to be supported by the SMA. However, it could be observed that the SMA's support was being pierced, as the rate shortly fluctuated below it, which signalled an upcoming decline. Economic Calendar Analysis On Thursday, at 12:30 GMT the
On Monday, the EUR/USD reached the 1.1346 level before it began a decline. By the middle of Tuesday's GMT trading hours, the decline had reached the 1.1260 mark. In the near term future, the rate was expected to recover, as it had found support in the 100-hour simple moving average. Economic Calendar Analysis On Thursday, at 12:30 GMT the weekly US Unemployment
The EUR/USD has started the week with a surge. By the middle of Monday's GMT trading hours, the currency exchange rate had reached the resistance of the 1.1300 level. The rate's future scenarios were based upon what would occur at the 1.1300 level. Economic Calendar Analysis Notable macroeconomic data releases are set to start on Monday at 14:00 GMT. The US ISM
As better than expected US employment data was released on Thursday, the US Dollar gained value. This resulted in the adjustment of the EUR/USD, which had the form of a decline. Eventually, the decline reached below the support levels that were located from 1.1240 to 1.1250. US Unemployment data The Euro traded sideways against the US Dollar, following the US ADP Employment
Despite shortly being pierced, the 1.1200 level held and caused another surge. By mid-day the rate's surge had reached the resistance of the 1.1300 level, which provided resistance. Economic Calendar Analysis The main scheduled macroeconomic data release of the week is bound to occur on Thursday, at 12:30 GMT. At that time the US employment data sets are scheduled to be published. The
Despite reaching up to the 1.1260 level during Tuesday noon, by the middle of Wednesday's GMT trading hour, the EUR/USD had returned back to the 1.1200 level. The currency exchange rate was expected to once again look for the support of the 38.20% Fibonacci retracement level. However, take into account that it was pierced on Tuesday. Economic Calendar Analysis The main scheduled macroeconomic
The EUR/USD did not reach the resistance of the 1.1300 level. It began a decline before reaching the 1.1290 level. By the middle of Tuesday's GMT trading hours, the currency exchange rate had already declined to the 1.1200 level, which provided support last week. Economic Calendar Analysis The main scheduled macroeconomic data release of the week is bound to occur on Thursday, at
By the middle of Monday's GMT trading hours, the EUR/USD had broken the resistance of various technical resistance levels from 1.1240 to 1.1255. In regards to the future, the pair was expected to test the psychological resistance of the 1.1300 level. Economic Calendar Analysis The main scheduled macroeconomic data release of the week is bound to occur on Thursday, at 12:30 GMT. At
Since the middle of Thursday's GMT trading hours, the EUR/USD has traded near the 1.1220 level. In regards to the near term future, the rate was more likely to decline, as the 55, 100 and 200-hour simple moving averages could provide resistance. Economic Calendar Analysis This week there are no more notable events scheduled that could cause a notable move of the EUR/USD. Take
The EUR/USD currency pair declined below the 1.1220 level. It is likely that the pair could gain support from the Fibo 38.20% at 1.1200 and consolidate in the short term. Economic Calendar Analysis In regards to the EUR/USD during the week, there are a couple of scheduled macroeconomic data releases that could impact the currency exchange rate. Today, macroeconomic data set release from
The EUR/USD started the week with a rebound, which was about to meet with various resistance levels from 1.1230 to 1.1245. In the future, the pair was expected to either trade sideways or decline to 1.1200. Economic Calendar Analysis In regards to the EUR/USD during the week, there are a couple of scheduled macroeconomic data releases that could impact the currency exchange rate.