On Tuesday morning, the EUR/USD traded below the 1.1200 level. Although, the rate had reached to the 1.1230 level during Monday's trading. In regards to the near term future, a squeeze is expected to occur, as the 200-hour simple moving average was approaching from below and is bound to provide support. Economic calendar During this week there are a couple of government macroeconomic
On Monday, the EUR/USD made a sharp drop below the 1.1200 level. The drop was stopped by the 200-hour simple moving average at the 1.1160 level. In general, the rate was expected to reach back up to the 1.1200 level, where technical resistance levels would be tested. Economic calendar During this week there are a couple of government macroeconomic data releases, which might
On Thursday, the EUR/USD failed to pass the resistance of the weekly R2. It was the third failed attempt. The failed attempt was followed by a decline. On Friday, after the decline, the rate was located below the combined resistance of the 55 and 100-hour simple moving averages and the 38.20% Fibonacci retracement level at 1.1200. Economic calendar During this week there
On Thursday, the EUR/USD traded above a 38.20% Fibonacci retracement level, which was keeping the rate up at 1.1200. Moreover, during the morning hours the rate was also being supported by the 55-hour simple moving average. In general, a test of the weekly R2 pivot point at 1.1234 was expected. If this level gets passed, the 1.1280 level could be reached. Latest
The EUR/USD currency exchange rate was heading to the 1.1170 level, where it would meet with two pivot points that will provide support to the pair. Latest Fundamental Event Report The European Common Currency traded sideways against the US Dollar, following the US Non-Manufacturing PMI data release on Monday at 14:00 GMT. The EUR/USD exchange currency rate gained 6 pips or 0.05%
The EUR/USD currency pair reversed south from the resistance level formed by the weekly R1 at 1.1234. Latest Fundamental Event Report The European Common Currency traded sideways against the US Dollar, following the US Non-Manufacturing PMI data release on Monday at 14:00 GMT. The EUR/USD exchange currency rate gained 6 pips or 0.05% right after the release. The Euro continued trading at
The Fed caused decline ended on Thursday at the weekly S2 of the simple pivot points at 1.1029. The reaching of this level was followed by a surge. By the middle of Friday's trading the EUR/USD had reached the resistance of the 100-hour simple moving average at 1.1114. Latest Fundamental Event Report The European Common Currency depreciated against the US Dollar, following the
Despite the Federal Reserve cutting interest rates, the EUR/USD has plummeted down. Namely, the USD gained value instead of the in theory expected decline. From a technical analysis perspective on Thursday the currency exchange rate was bound to test the support of the weekly S2 at 1.1029. US ISM Manufacturing PMI On Thursday, the ISM Manufacturing PMI will be published at 14:00 GMT.
As expected, the EUR/USD surged above the resistance of the weekly pivot point at 1.1153. However, the gains of the rate were limited, as it traded sideways between 1.1150 and 1.1160 in the aftermath of the event. In regards to the near term future, the rate most likely will trade sideways until the publication of the US Federal Reserve Interest Rate.
On Tuesday morning, the EUR/USD was squeezed in between the support of hourly simple moving averages and the resistance of the simple weekly pivot point. In general, the rate was most likely going to trade sideways near 1.1150, between the previously described technical levels, until the Wednesday's Federal Reserve announcements at 18:00 GMT. Latest Fundamental Event Report The European Common Currency depreciated against
Yesterday, the EUR/USD currency pair tried to surpass the 1.1180 level. During Friday morning, the pair was trading at the 1.1140. Given, that the pair is pressured by the 55- and 100-hour SMAs, it is likely, that some downside potential could prevail. Latest Fundamental Event Report The European Common Currency appreciated against the US Dollar, following the ECB Monetary Policy Statement data release
The EUR/USD has reached the targeted level of 1.1124. The rate was expected to trade sideways above this level until the resistance of the hourly moving averages approaches and pushes the pair down. Latest Fundamental Event Report The European Common Currency depreciated against the US Dollar, following the French Flash Services PMI data release on Wednesday at 07:15 GMT. The EUR/USD
The decline of the EUR/USD has continued, as on Wednesday morning the currency exchange rate reached the 1.1130 level. In general, the rate was expected to continue the decline until it reaches the historical low level at 1.1124. Latest Fundamental Event Report The European Common Currency depreciated against the US Dollar, following the French Flash Services PMI data release on Wednesday at
On Tuesday morning, the EUR/USD exchange rate was trading at the weekly S1 located at the 1.1187 mark. Latest Fundamental Event Report The European Common Currency depreciated against the US Dollar, following the US Retail Sales data release on Tuesday at 12:30 GMT. The EUR/USD exchange currency rate lost 13 pips or 0.11% right after the release. The Euro continued trading
The EUR/USD dropped to the 1.1210 level at the end of the previous week. On Monday morning, the currency exchange rate was trading at the monthly S1 located at the 1.1220 mark. Latest Fundamental Event Report The European Common Currency depreciated against the US Dollar, following the US Retail Sales data release on Tuesday at 12:30 GMT. The EUR/USD exchange currency rate lost
The EUR/USD has surged up to the 1.1280 level during Thursday's trading session. The move occurred with high volatility, as immediately afterwards the rate plummeted back down to support levels at 1.1240. On Friday morning, the currency exchange rate was trading near the 1.1260 level. In general, the rate was expected to resume its surge, as it had no technical resistance
The recovery that started after the bounce off from the 1.1200 level continued on Thursday, as the rate reached the 1.1244 level during the morning hours. In general, the rate was expected to test the 100-hour simple moving average at 1.1244 and a monthly pivot point at 1.1250. Latest Fundamental Event Report The European Common Currency depreciated against the US Dollar, following the
The decline of the EUR/USD extended, as it was expected. On Wednesday morning, the EUR/USD touched the 1.1200 level. The rate's decline was stopped by the psychological support of the 1.1200 level and the 38.20% Fibonacci retracement level, which was located at that level. In regards to the near term future, the rate was set to test the resistance of a monthly
On Tuesday, the EUR/USD plummeted, as soon as the 100-hour simple moving average's technical support was passed. By the middle of the day's London trading hours, the currency exchange rate had reached down to 1.1230 and was expected to continue to decline.Meanwhile, note that 72% of open position volume on the Swiss Foreign Exchange was in short positions. Dukascopy traders profited
On Monday, the EUR/USD was expected to reach the 1.1300 level, as it had no technical or psychological resistance as high as this level. Although, note that the move is expected to occur gradually, as the pair has only the technical support of the 55-hour simple moving average. Latest Fundamental Event Report The European Common Currency traded sideways against the US Dollar, following
The psychological resistance of the 1.1280 level managed to hold its ground and force the EUR/USD into a retracement down to the 1.1250 level. In general, from the hourly candle chart it appears that round levels have more impact on the currency exchange rate than technical levels like pivot points and simple moving averages. Although, note that on Friday morning a strong
The surge of the EUR/USD managed to break a resistance cluster near 1.1270 on Thursday morning. Due to the breaking of the resistance level the currency exchange had no technical resistance as high as the monthly pivot point at 1.1316. Although, note that the 1.1280 psychological round number was providing enough resistance to stop the surge during the morning hours
The EUR/USD did not continue its decline on Tuesday, as the rate found enough support in the lower trend line of a descending channel pattern to surge. By the middle of Wednesday's trading session, the currency exchange rate had already pierced the resistance of the 55-hour simple moving average at 1.1213 and a monthly pivot point at 1.1220. Due to that reason
The EUR/USD has continued to decline. On Tuesday morning, the pair passed the support of the 1.1200 level. In general, if the pair passes the support of a descending channel on the hourly candle chart, the rate would drop down to the weekly S1 pivot point at 1.1166. Latest Fundamental Event Report The European Common Currency depreciated against the US Dollar, following the