The squeeze of the EUR/USD resulted in a decline, which continued on Friday. In general, the rate was expected to continue to decline. In the case of a decline, the rate should reach for a technical support level near 1.1100. Economic Calendar Analysis On Friday, January 3, the ISM Manufacturing PMI survey results will be released at 15:00 GMT and the FOMC Meeting
On Thursday, the EUR/USD got squeezed in between the support of the 100-hour SMA and the resistance of the 1.1200 level. The future scenarios for the rate were based upon how the squeeze could end. Economic Calendar Analysis On Friday, January 3, the ISM Manufacturing PMI survey results will be released at 15:00 GMT. At the same day, the FOMC Meeting Minutes data will
During Monday morning, the EUR/USD currency pair was testing the resistance level - the Fibo 38.20% at 1.1200. If the given resistance holds, it is likely that a reversal south could occur in the nearest future. Economic Calendar Analysis This week, there are only three events that could affect the EUR/USD pair. On Tuesday, December 31, the US CB Consumer Confidence will be
During Friday morning, the EUR/USD currency pair was testing the resistance level - the monthly R1 at 1.1138. If the given resistance holds, it is likely that a reversal south could occur in the nearest future. Economic Calendar Analysis This week, there are no scheduled events left, which could cause an increase of volatility in the EUR/USD pair. Next week, there are only three
During Monday morning, the EUR/USD currency pair was trading in the 1.1080 area. Given that the pair is pressured by the 55- and 100-hour moving averages, it is likely that some downside potential could prevail in the market. Economic Calendar Analysis This week, there is one scheduled event left, which could cause an increase of volatility in the EUR/USD. Today, the US
On Friday, the EUR/USD currency exchange rate had retreated below all close by technical levels. However, it did not decline, as the 1.1110 level kept the pair up. The 1.1110 had provided support since the middle of Wednesday's trading session. If the rate passes this support, in theory it should decline to the monthly pivot point at 1.1059. Economic Calendar Analysis This week,
On Thursday, the EUR/USD surged, as it began a recovery that was created by the technical support provided by the 200-hour simple moving average. By the middle of the day, the rate had touched the 1.1145 level, from which it bounced back down. In general, the rate was expected to retreat back down to the 200-hour SMA before continuing its
Early during Wednesday's London trading, the EUR/USD failed to gain momentum for a surge and dropped below the 55 and 100-hour simple moving averages. This event resulted in a decline. By the middle of Wednesday's GMT hours, the rate had already reached the 1.1120 level. Economic Calendar Analysis This week, there is one scheduled event left, which could cause an increase of volatility
On Tuesday, the EUR/USD ended trading sideways between 1.1140 and 1.1160 levels. The ending of the sideways trading signalled that a surge was likely. In the case of the exchange rate surging, the pair would reach for the resistance of the 1.1200 level, which stopped the last week's surge. Economic Calendar Analysis This week, there is one scheduled event left, which could cause
During Monday morning, the EUR/USD currency pair was testing the resistance formed by the 55-hour SMA and the monthly R1 at 1.1140. If the given resistance does not hold, it is likely that a surge towards the 1.1180 level could occur. Economic Calendar Analysis This week, there are a few economic events that could affect the EUR/USD pair. Today, the US Flash Manufacturing
The certainty brought by the UK general elections has also impacted the Euro. Namely, the EUR/USD currency exchange rate also surged on the Tory victory on Thursday. On Friday, the rate was consolidating in the aftermath of the sharp surge. Tories win UK elections On Thursday, December 12, the EUR/USD appreciated 89 pips or 0.80% against the US Dollar. The advance was driven
Wednesday's FOMC announcements and Press Conference caused a surge of the EUR/USD currency exchange rate to the 1.1140 level. In the near term future, the rate was expected to consolidate by trading sideways or declining to the support of the pivot point at 1.1118. Economic Calendar Analysis On Thursday, the European Central Bank is set to make its rate announcement at 12:45 GMT.
On Wednesday morning, the EUR/USD currency pair was testing the support provided by the 55- and 100-hour moving averages circa 1.1080. If the given moving averages hold, it is likely that the pair could try to reach the psychological level at 1.1100. Economic Calendar Analysis This week there are a couple of events that could impact the EUR/USD rate. Today, at 13:30 GMT
On Tuesday morning, the EUR/USD was piercing the resistance of the 1.1080 level. Previously, on Monday, the rate failed to pass this level. If this level fails to hold the rate down, the pair would reach for the psychological resistance of the 1.1100 mark. Economic Calendar Analysis This week there are a couple of events that could impact the EUR/USD rate. On Wednesday,
The EUR/USD has found support in the 200-hour SMA, and, by the middle of Monday's European trading session, the rate had reached the resistance of the 55 and 100-hour SMAs near 1.1080. The rate's future movements were based upon what would happen at the 1.1080 mark. US Employment Data The European Common Currency depreciated against the US Dollar, following the US Employment
On Friday, the EUR/USD continued to be pushed higher by the support of the 55-hour simple moving average. By the middle of the day, the SMA had approached and strengthened the support of the pivot point at 1.1093. In addition, the pair was being approached by the 100-hour simple moving average, which had surged above the 1.1080 level. US ISM Non-manufacturing
During the second half of Wednesday's trading, the EUR/USD was pushed up by the 55-hour SMA, which caused a piercing of the pivot point near 1.1090. On Thursday morning, the EUR/USD was still kept up by the support of the SMA, and it was expected that it would push the rate clearly through the 1.1090 level. Fundamentals Crash US Dollar Since Monday,
On Wednesday, the EUR/USD remained near previous trading session levels, as it bounced between 1.1090 and 1.1080. In the meantime, the rate had been approached by the 55-hour simple moving average, which during the morning hours was located at 1.1065. Fundamentals Crash US Dollar Since Monday, December 2, the US Dollar has been depreciating. Most likely, the Greenback is pressured by various fundamental
The volatility of the EUR/USD increased in the second part of Monday's London trading hours. The currency exchange rate surged, as various fundamental news decreased the value of the US Dollar. Among these was a trade dispute between the EU and the US, Cuban retailers moving away from using the USD, tariffs on Latin American imports and lower than forecast
On Monday, the EUR/USD traded at technical support levels that were concentrated at 1.1010. At that level two SMAs and the weekly simple pivot point were located at. The near term future forecasts were based upon what would happen at this level. In the meantime, take into account that there was a large increase of volatility on Friday. A detailed report on
On Friday morning, the EUR/USD traded below the 55 and 100-hour simple moving averages, which had provided resistance to the rate since the middle of the night in GMT hours. In general, the previous short term forecast was still valid. The SMAs were expected to push the currency exchange down to the weekly pivot point at the 1.0994 level. Economic Calendar Analysis This
On Wednesday, the EUR/USD reached the support of the 1.1000 level and the weekly S1 at 1.0994. Namely, the rate reached below the expected level. At the pivot point, the rate found support and began a surge, which by the middle of Thursday's trading had reached the resistance of the 100-hour simple moving average at 1.1018. Economic Calendar Analysis This week there are
On Wednesday, the EUR/USD traded near previous session's levels. In the meantime, take into account that the 55-hour SMA did not manage to push the rate down on Tuesday. In regards to the near term future, the pair was still expected to reach for the support of the 1.1000 level. Economic Calendar Analysis This week there are no more data releases, which might
The EUR/USD started the week by trading below the 1.1030 level. On Tuesday, the rate was set to test the resistance of the 55-hour simple moving average. Future scenarios were based upon what would happen at this level. Economic Calendar Analysis The EUR/USD could be slightly impacted by the US publications on Wednesday. At 13:30 GMT, the US Durable Goods Orders, Core Durable