On Friday morning, the EUR/USD traded with an increased volatility. The volatility was caused by the publication of European PMIs. They showed mixed results, as they were being published over a period of an hour. In general, good news from France caused a surge, which were followed by mixed German results and lower than forecast results of the combined Euro Zone
The EUR/USD found support in the 100-hour simple moving average above the 1.1050 level. This event caused a surge, which by the middle of Thursday's trading session had reached the 1.1090 level. From a technical perspective, the rate was expected to continue to surge, as the most close by technical resistance was located at the 1.1100 level. Economic Calendar Analysis On Friday, the
On Tuesday, the rate traded sideways as expected. On Wednesday, the pair was reached by the support of the 55-hour SMA, which failed to push the EUR/USD higher. By the middle of Wednesday's trading, the pair had declined to the 1.1060 level and was expected to continue to go down. Economic Calendar Analysis This week, the EUR/USD is expected to be impacted by
During the first half of Tuesday's London trading, the EUR/USD currency exchange rate traded sideways between 1.1065 and 1.1080. The rate was consolidating in the aftermath of the surge, which occurred since late November 14. In regards to the near term future, the pair is expected to continue to trade sideways until it is approached by the technical support of the
The EUR/USD managed to find support in the 1.0990 level and surge. On Friday, the rate had ended the surge, as it met resistance at 1.1030. In regards to the near term future, the pair was expected to get squeezed in between the support of the 55 and 100-hour SMAs near 1.1015 and the resistance of the 200-hour SMA at 1.1040. Economic
On Thursday morning, the EUR/USD touched a low level at 1.0995. Afterwards, it began a surge, which quickly reached the resistance of the 55-hour simple moving average near 1.1015. The SMA provided the needed technical resistance to cause a decline, which was expected to reach new low levels. US Consumer Price Index The European Common Currency traded sideways against the US
As expected, the hourly simple moving averages managed to push the EUR/USD down. On Wednesday morning, the currency pair had already touched the 1.1000 level, which began to provide support. In regards to the future, the decline is expected to continue. The hourly SMAs should catch up and provide resistance that would push the rate through the 1.1000 level. Economic Calendar Analysis This
The EUR/USD broke out from the falling wedge pattern of the hourly chart and began to trade in limbo around the 55-hour simple moving average. The rate was expected to be pushed down by the SMA. Moreover, the 100-hour simple moving average was approaching the currency exchange rate. Economic Calendar Analysis This week, US data is set to impact the EUR/USD currency exchange
The EUR/USD has started the week at 1.1020 level. In general, the rate was being pushed down by the 55 and 100-hour simple moving averages, which were located at 1.1043 and 1.1061. Meanwhile, the pair had no technical support as low as the 1.0967 level. However, the 1.1000 mark should provide psychological support. Economic Calendar Analysis This week, US data is set to
The EUR/USD bounced off the resistance of the 1.1090 level on Thursday and began a decline, which was stopped by the support of a pivot point at the 1.1037 level. On Friday, the pair was testing this support level. If the support fails to hold, the 1.1000 should be reached. Economic Calendar Analysis There are no more data releases scheduled for this week,
On Thursday morning, the EUR/USD met with the resistance of the 55-hour simple moving average at 1.1084. It occurred in the aftermath of a bounce off from the support of the 1.1060 level. In general, if the resistance of the SMA fails, the rate would reach for a pivot point at 1.1100. On the other hand, in the case of a
The support of the 200-hour simple moving average did not hold for long on Tuesday. At mid-day it was passed. This resulted in a sharp decline, which reached the 1.1064 level. On Wednesday, the rate was recovering from the decline. Although, the surge was seen only as a retracement that occurs after sharp moves. US ISM Non-Manufacturing PMI The European Common Currency
The EUR/USD plummeted on Monday, as soon as the 55-hour SMA failed to provide support. By the middle of Tuesday's London trading, the currency exchange rate had found support in the 200-hour SMA at 1.1125. Although, the SMA might not cause a surge, as the rate faces the resistance of a weekly PP at 1.1139 and the 55 and 100-hour simple
On Monday, the EUR/USD exchange rate fluctuated near previous levels. Namely, it was located below the 1.1175 mark. Meanwhile, take into account that on Friday the 55-hour simple moving average had failed to stop a short drop to the 1.1130 level. US Employment data The European Common Currency depreciated against the US Dollar, following the US Employment data set release on
The prior expectations of the EUR/USD reaching the 1.1200 level were not fulfilled. The rate has continued to trade near previous levels. On Friday, the pair tested support levels near 1.1150. EUR/USD: FOMC Statement and Federal Funds Rate The European Common Currency depreciated against the US Dollar, following the FOMC Statement release on Wednesday at 18:00 GMT. The EUR/USD exchange currency rate lost
Traders, who were short prior to the US Federal Reserve rate announcement, most likely profited, as yesterday's 18:00 GMT candle has a big tail down to the 1.1080 level. Afterwards the rate surged, as the US Dollar began to lose value due to the rate cut and speculators all around the world taking profit from their short positions. On Thursday morning, it
The support of the 1.1074 mark managed to hold on Tuesday, and the EUR/USD rate surged above the 1.1100 level. Since the surge on Tuesday afternoon, the rate traded almost flat in the range between 1.1110 and 1.1130. It was expected to continue to trade sideways until the US Advance GDP release and the US Federal Reserve Rate statement. Economic Calendar
The EUR/USD bounced off the resistance of the 1.1100 level late on Monday. This resulted in a decline, which by the middle of Tuesday's London trading session had reached below the 1.1080 mark. In general, it was expected that the decline would continue, as the rate had removed its oversold pressure and had no technical support as low as 1.1045. Economic
The EUR/USD started the week by trading below a strong resistance cluster. The rate was facing hourly simple moving averages and a weekly pivot point near the 1.1110 level. The future scenarios were based on what would happen at this level. Economic Calendar Analysis This week the EUR/USD is bound to be affected by US data and an expected rate cut. On Wednesday,
During Friday morning, the EUR/USD currency pair was testing the support formed by the 200-hour moving average. If the given support holds, it is likely that a reversal north could occur. French Flash Services PMI and German Flash Manufacturing PMI The European Common Currency appreciated against the US Dollar, following the French Flash Services PMI survey results release on Thursday at
During Thursday morning, the EUR/USD currency pair failed to surpass the psychological level at 1.1150. Given that the pair is pressured by he 55- and 100-hour moving averages, it is likely that some downside potential could prevail. French Flash Services PMI and German Flash Manufacturing PMI The European Common Currency appreciated against the US Dollar, following the French Flash Services PMI
During Wednesday morning, the EUR/USD currency pair was testing the support level formed by the weekly PP at 1.1112. If the given support holds, a reversal north could occur soon. However, note that the pair would have to surpass the 55- and 100-hour SMAs. Economic Calendar Analysis This week there are couple events that could affect the EUR/USD pair. On Thursday,
During Tuesday, the EUR/USD currency pair was trading near the psychological level at 1.1160. Given that the pair supported by the 100-hour moving average, it is likely that some upside potential could prevail. Economic Calendar Analysis This week there are couple events that could affect the EUR/USD pair. On Thursday, October 24, the French Flash Services PMI survey results will be
During Monday, the EUR/USD currency pair has been consolidating at the psychological level at 1.1160. Given that the pair supported by the 55-hour moving average, it is likely that some upside potential could prevail. Economic Calendar Analysis This week there are couple events that could affect the EUR/USD pair. On Thursday, October 24, the French Flash Services PMI survey results will