On Tuesday, the EUR/USD had declined, as it was previously forecast. In general, the rate had reached the cluster of support levels near 1.1175. In general, the pair was expected to continue its decline as soon as it consolidates the recent small scale decline. Latest Fundamental Event The European Common Currency depreciated against the US Dollar, following the German Flash PMIs data
On Monday, the EUR/USD traded near the 1.1200 level. Namely, the pair had pierced the 1.1200 level and bounced off resistance at 1.1217. In general, the rate was expected to remain near the 1.1200 level until the technical support of the hourly simple moving averages pushes it upward. Latest Fundamental Event The European Common Currency traded sideways against the US
The EUR/USD has jumped back up to 1.1200 level. The move occurred in a sudden sharp move at the middle of Thursday. However, before the jump the rate reached the 1.1100 level. Note that our analysts had set the target of the pair at 1.1120. It means that the rate clearly reached below the target and scored even more
EUR/USD has continued to decline, as it was forecast in one of the previously described scenarios. Namely, the FOMC Meeting Minutes release at 18:00 GMT began a decline, which by the middle of Thursday's trading session had reached the 1.1130 level. In the near term the rate was expected to reach down to the 1.1125 level. Latest Fundamental Event The European Common
On Wednesday, the EUR/USD was about to test the resistance levels near 1.1170. Meanwhile, the currency exchange rate was expecting the Federal Reserve's Open Markets Committee's Meeting Minutes, which were set to be released at 18:00 GMT. One can watch the preview of the event by clicking here. Latest Fundamental Event The European Common currency traded sideways against the US
On Tuesday, the decline of EUR/USD resumed. The rate bounced off the resistance of the 55-hour simple moving average around the midnight hours of London's trading session and by the middle of the day the rate had reached below 1.1150. The decline was already expected and described on Friday. In regards to the future, the pair has no technical support
On Friday, the EUR/USD bounced off the resistance of a pivot point at 1.1184. The event was expected to be followed by a decline. Namely, if the pair falls below 1.1170, it in theory should decline as low as 1.1150. Latest Fundamental Event The European Common currency traded sideways against the US Dollar, following the US Retail Sales data release on Wednesday
On Thursday, the EUR/USD tested a cluster of resistance levels that were located from 1.1210 to 1.1220. By the middle of the day's trading the currency pair had failed at an attempt to pierce through the cluster, as the 100-hour SMA managed to stop the surge attempt. Latest Fundamental Event The European Common currency traded sideways against the US Dollar, following the
On Tuesday morning the EUR/USD traded near the 1.1240 level. Meanwhile, during the previous day's trading session the EUR/USD had reached a new high level, by reaching above the 1.1260 mark. Latest Fundamental Event The European Common Currency appreciated against the US Dollar, following the US CPI data release on Friday at 12:30 GMT. The EUR/USD exchange currency rate gained 13 pips
The EUR/USD has traded in the borders of the previously drawn ascending channel pattern. On Monday, the most notable fact to take into account was the support of the 55-hour simple moving average, which managed to stop the rate from declining. Latest Fundamental Event The European Common Currency appreciated against the US Dollar, following the US CPI data release on Friday at
On Friday, the EUR/USD traded sideways after jumping up to the 1.12500 level. The surge began as soon as the US President made comments on the trade talks between the US and China. Meanwhile, note that the currency exchange rate has been largely ignoring all of the technical levels like the simple moving averages, Fibonacci retracement levels and pivot points. Latest Fundamental
On Thursday morning, the EUR/USD traded near previous session's levels by bouncing around the 1.1200 level. Meanwhile, note that the rate had passed below all of the technical levels, which in theory signals that the pair should decline. Latest Fundamental Event On Wednesday, May 1, the Federal Open Market Committee decided to left the key benchmark rate unchanged at the 2.50% level. The
The EUR/USD has increased its trading volatility by retracing down on Tuesday. However, by the middle of Wednesday's trading it was once more located near the 1.1200 mark. Meanwhile, it could be spotted that all of the many technical support levels only have minor impact on the currency exchange rate. Latest Fundamental Event On Wednesday, May 1, the Federal Open Market Committee decided
The EUR/USD has gotten out of the previous squeeze by surging. On Tuesday morning, the currency exchange rate had reached the resistance of a monthly pivot point at 1.1217. If this technical level gets broken, the rate would have a free range to surge up to the 1.1268 level. At that level the pair would meet with the weekly R1. Latest Fundamental
EUR/USD got squeezed in on Friday. By the middle of Monday the rate was located between strong support at 1.1180 and the resistance levels at the 1.1200 level. Two scenarios are outlined in the hourly chart's analysis. Latest Fundamental Event On Wednesday, May 1, the Federal Open Market Committee decided to left the key benchmark rate unchanged at the 2.50% level. The US
Short traders continue to gain on Friday, as the EUR/USD continued to decline during the morning hours of the London session. In general, the rate had no technical support levels as low as the 1.1120 level, where a technical support level cluster begins. Latest Fundamental Event The European Common Currency depreciated against the US Dollar, following the US FOMC Statement and Federal Funds
We congratulate the traders, which had open the 70% of total short position volume on the Swiss Foreign Exchange on Wednesday. The FOMC announcement late on Wednesday caused a drop below the 1.1200 level, from which these traders should have profited. Latest Fundamental Event The European Common Currency appreciated against the US Dollar, following the US ISM Manufacturing PMI data release on
As forecast, the EUR/USD has broken the resistance of the 200-hour SMA and surged higher. On Wednesday, the rate was expected to continue its surge higher, as it was testing resistance at 1.1239. If the rate breaks the weekly R1 at 1.1239, it should reach the 1.1300 level because the pair has no technical resistance as high as 1.1320. Latest Fundamental Event The
As the 100-hour SMA moved below the support cluster at 1.1175, it weakened the resistance. This allowed the EUR/USD to surge up to the 1.1200 level on Tuesday. The pair was about to face the resistance of the 200-hour SMA at 1.1200. If that level would get passed, the rate would have no technical resistance as high as the 1.1240 level. Latest
On Monday, the EUR/USD was facing the resistance of a technical level cluster near 1.1175. Namely, the 100-hour SMA, weekly PP and a 61.80% Fibonacci retracement level. In general, the rate was expected to fail at breaking above this level, as it had no technical support that could push it higher. Latest Fundamental Event The European Common Currency depreciated against the US Dollar,
On Friday morning, the EUR/USD currency pair traded sideways near the psychological level at 1.1140. The pair could trade sideways around the given level, squeezed by the 55-hour simple moving average and the 2018/2019 minimum, located at 1.1159 and 1.1124 respectively. Latest Fundamental Event The European Common Currency traded sideways against the US Dollar, following the US Durable Goods Orders data release on
On Thursday morning, the EUR/USD currency pair traded near the 2018/2019 minimum located at the 1.1141. If the 55- and 100-hour simple moving averages continue to push the pair down, it could reach the lower boundary of the medium-term channel at 1.1120. Latest Fundamental Event The European Common Currency traded sideways against the US Dollar, following the US Retail Sales data release on
On Wednesday, the EUR/USD currency pair traded below the resistance of the 55- and 100-hour simple moving averages, which during the morning hours were located at 1.1240. If the simple moving averages continues to push the pair down, the rate should eventually reach the 2018/2019 minimum at 1.1195. Latest Fundamental Event The European Common Currency traded sideways against the US Dollar, following the
On Tuesday, the EUR/USD traded below the resistance of the 100-hour simple moving average, which during the morning hours was located at 1.1260. If the simple moving average continues to push the pair down, the rate should eventually reach the weekly S1 at 1.1209. Latest Fundamental Event The European Common Currency traded sideways against the US Dollar, following the US Retail Sales data