On Monday, the EUR/USD was looking for support, as it had passed the monthly pivot point, which kept the rate up on Friday. In general, the pair had two possible future scenarios. FOMC on Wednesday On Wednesday, September 18, the FOMC Statement and Economic Projections releases are expected at 18:00 GMT. Note that the Federal Funds Rate data will be published at
During today's morning, the EUR/USD currency pair was trying to breach the resistance level formed by the weekly R1 at 1.1103. Given that the pair is supported by the 55-, 100- and 200-hour moving averages, it is likely that some upside potential could prevail. US Retail Sales at 12:30 GMT This week will end with the US Retail Sales release at 12:30
During today's morning, the EUR/USD currency pair was trying to breach the resistance provided by the 55- and 100-hour moving averages. If the given resistance holds, a reversal south could occur in the nearest future, and the pair could target the psychological level at 1.1000. US CPI at 12:30 GMT This week, there are couple events that could have an impact on
The EUR/USD broke out of the squeeze between the hourly simple moving averages to the upside and touched the upper trend line of a descending channel pattern. On Wednesday morning, the currency exchange rate bounced off the resistance and pierced the support of the 55 and 100-hour SMAs. With that the rate signalled that it is set to decline to the
As it was forecast, the EUR/USD reached the resistance levels at 1.1060. The event was followed by a decline down to the 55-hour simple moving average at 1.1040. In general, the pair was set to be supported by the 55 and 100-hour SMAs and face the resistance of the upper trend line of a channel down pattern near the already mentioned
On Monday morning, the EUR/USD bounced off the support of a weekly pivot point at 1.1015 and began a surge. By the time this review was being done, the rate was located just below the 55-hour simple moving average at 1.1036. If this resistance level would be broken, the rate could surge to the 1.1060 level without meeting any resistance. Busy
During Friday morning, the EUR/USD currency pair was testing the support formed by the 55- and 200-hour SMAs at 1.1030. If the given support holds, it is likely that some upside potential could prevail in the short term. Otherwise, the Euro could decline against the Greenback. US employment data set on focus Today, the US employment data will be published. The event
During Thursday morning, the EUR/USD currency pair was testing the resistance level formed by the 200-hour SMA and the weekly PP at 1.1041. If the given resistance holds, a reversal south could occur soon. Also, the pair could consolidate near the given resistance. US employment data set on focus This week there are a couple of US data releases on the economic calendars that
During Wednesday morning, the EUR/USD currency pair surpassed the 1.1000 level.Given that the pair is supported by the 100-hour moving average, it is likely that some upside potential could prevail in the short run. US employment data set on focus This week there are a couple of US data releases on the economic calendars that are shown as high impact. On Thursday, the US
During Tuesday morning, the EUR/USD currency pair was trading at the 1.0940 level. Given that the pair is still pressured by the 55-, 100- and 200-hour moving averages, it is likely that some downside potential could prevail within the following trading day. US employment data set on focus This week there are a couple of US data releases on the economic calendars that are
During Monday morning, the EUR/USD currency pair traded near the one-year minimum located at 1.0971. Given that the pair has been trading within the falling wedge pattern since the beginning of August, theoretically, it is likely, that a reversal north from the lower pattern line could occur.US employment data set on focus This week there are a couple of US data releases on
A forecast decline occurred. On Friday morning, the EUR/USD had almost reached the 1.1030 level. The rate was pushed down by the hourly simple moving averages, as it as speculated on Thursday. In regards to the near term future, the rate is bound to test the support of the August low level at 1.1030. No more data releases this week This week's data releases
Since the middle of Wednesday, the EUR/USD has traded near the 1.1080 level. At that level the weekly S1 pivot point is located at. Meanwhile, note that the S1 had been pierced on Wednesday, indicating that the rate could decline. The decline is most likely going to occur, as soon as the 55, 100 and 200-hour simple moving averages begin to
The EUR/USD failed to break the resistance of pivot points near 1.1120. The event resulted in a decline, which on Wednesday morning had reached below the hourly simple moving averages used un Dukascopy Analytics charts. In theory, the rate should decline to the weekly S1 at 1.1080. US Preliminary GDP on Thursday On Thursday, at 12:30 GMT the US Preliminary GDP is
On Tuesday, the EUR/USD was recovering after finding support in the 1.1100 level. The rate was about to test the resistance of a pivot point at 1.1117. If this level gets broken, the rate might surge up to the 1.1170 mark. US Preliminary GDP on Thursday On Thursday, at 12:30 GMT the US Preliminary GDP is scheduled to be published. The event has
On Friday, an announcement by the US President Donald Trump caused a drop of the USD, which propelled the EUR/USD exchange rate to reach above the 1.1160 level. On Monday morning, the currency pair had bounced off the level and declined down to the cluster of hourly simple moving averages above the 1.1100 mark. Small reaction although "important" data releases Data releases
The EUR/USD remained below the 1.1110 level on Thursday, despite the better than expected Markit PMI survey results that initially caused a surge. On Friday morning the currency exchange rate traded sideways near the 1.1070 level. Due to the fact that it had touched a new low level and had no close by technical support levels, in theory the currency pair should
The EUR/USD ended sideways trading by declining. However, the decline quickly ended with a sharp fundamental surge. The surge up to the levels just below 1.1110 was caused by better than forecast European Flash Markit PMI data. Namely, French and German Manufacturing and Services Markit PMIs were better than expected. A full report of the event is bound to be published in
By the middle of Wednesday's trading session, the EUR/USD had traded sideways. The rate fluctuated between the support of the 55-hour simple moving average at 1.1092 and the resistance of a monthly pivot point and the 100-hour SMA near 1.1100. In general, a break out was expected to occur. If the rate breaks out to the upside, a weekly pivot point
During Tuesday morning, the EUR/USD currency pair was testing at the psychological level at 1.1080. Given that the pair is pressured by the 55- and 100-hour moving averages, it is likely, that the Euro could depreciated against the US Dollar. Economic calendar This week there will be only one data release notable enough to cause a move on the EUR/USD charts. Namely, the
The EUR/USD currency pair has been consolidating at the psychological level at 1.1100 since last Friday. From a technical perspective, it is likely, that some downside potential could prevail in the market, as the pair is pressured by the 55- and 100-hour SMAs, currently located at 1.1105 and 1.1134. Economic calendar This week there will be only one data release notable enough to
The EUR/USD has traded in the last 24 hours exactly as described in the first scenario on Thursday. Namely, the rate surged to the upper trend line of a descending channel pattern and bounced off it. The event resulted in a sharp decline that was followed by sideways trading consolidation. The consolidation ended on Friday morning and the decline was resumed,
The hourly simple moving averages provided enough technical resistance on Wednesday, to cause a sharp drop down. The decline went as low as 1.1130 before a consolidating retracement back up started. The low point of 1.1130 was used to draw a descending channel pattern, which captures the decline that started on Tuesday. In regards to the near term future, the rate was
The EUR/USD has traded with high volatility during the 24 hours up to the middle of Wednesday's trading session. The high volatility occurred due to the rate starting a break out above the 1.1200 level and another test of the 1.1230, which was sharply reversed by a fundamental announcement. Namely, the US President Donald Trump cancelled the plans to implement new