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
German PMI data caused a drop of the EUR/USD, which passed most technical support levels. On Friday, the currency exchange rate was recovering after the drop. Latest Fundamental Event The European Common Currency traded sideways against the US Dollar, following the US Retail Sales data release on Thursday at 12:30 GMT. The EUR/USD exchange currency rate lost 9 pips or 0.08% right
On Thursday morning the EUR/USD was set up for another surge. Although, the rate was most likely once more going to be stopped by resistance on the daily chart near the 1.1320 level. At that level the 55-day simple moving average was still located at. This technical level kept the currency exchange rate down since April 12. Latest Fundamental Event The European Single
On Wednesday, the EUR/USD was surging after finding support in the lower trend line of the ascending pattern of the hourly candle chart. The rate was about to once more test the resistance of the 1.1320 level. At that level the 55-day simple moving average was still located at. This technical level kept the currency exchange rate down since April 12. Latest
The EUR/USD continues to trade above the 1.1300 level. Meanwhile, the 55 and 100-hour simple moving averages had caught up to the currency exchange rate. Due to that reason it is expected that the rate will be pushed upwards in the near future. However, the rate was still being kept down by the 55-day simple moving average. The daily chart was the
The EUR/USD has surged above the upper trend line of an ascending pattern. That way the pair has gained even more than previously expected. In regards to the near term future, traders have to watch the daily candle chart to see that the rate is being kept down by the 55-day simple moving average. Latest Fundamental Event The European Single Currency depreciated against
The EUR/USD continues to trade in the range between 1.1250 and 1.1300. Although the rate has kept in this range, it has pierced the resistance level at 1.1290, which kept it from surging previously. If the rate clearly passes the mentioned resistance, in theory it should surge up to the 1.1325 level. Latest Fundamental Event The European Single Currency depreciated against the US
The EUR/USD increased its volatility due to the ECB. Although, in general the ECB did not reveal new information. Due to that reason the rate was back to previous levels in a couple of hours after the ECB press conference. Meanwhile, it is more noteworthy to mention that the high volatility of the EUR/USD remained in the borders of an ascending
On Wednesday morning, the EUR/USD was being pushed up by the support of the 55-hour simple moving average, which was pushing it to once more test the resistance of a pivot point at 1.1280. Due to the fact that the monthly pivot point had become a solo resistance, it was possible that it will be broken and the EUR/USD would reach
The EUR/USD has surged as expected. Moreover, the currency exchange rate has surged above the initial target, and instead of just reaching the 1.1250 level, the pair has touched 1.1275. Although, after reaching the high level, the rate retreated and began to trade sideways in the range between 1.1255 and 1.1270. Latest Fundamental Event The European Single Currency appreciated against the US Dollar,
On Monday morning, the EUR/USD faced no short term technical resistance as high as 1.1250. Although, it did not necessarily indicate that a surge will take place. The rate had previously surged above the technical level cluster near 1.1230 and below all supports at 1.1220. None of the events caused a sharp move up or down. Latest Fundamental Event The European Single Currency
The 200-hour simple moving average has pushed the EUR/USD currency rate down. On Friday the rate traded at 1.1230 level. Meanwhile, the rate was clearly bouncing around and ignoring the 55 and 100-hour simple moving averages. Due to that reason it could be expected that the currency rate will resume its decline. Latest Fundamental Event The European Single Currency traded sideways against the
On Thursday, the EUR/USD traded near previous day's trading levels. The rate had been stopped by the resistance levels at 1.1250. Meanwhile the 55 and 100-hour simple moving averages were approaching the rate from below, indicating that a squeeze is about to occur. Latest Fundamental Event The European Single Currency traded sideways against the US Dollar, following the US Durable Goods Orders release
On Wednesday, the EUR/USD currency pair had reached technical resistance levels near 1.1250. If the rate manages to surge above this level, it would reach for the pivot point at 1.1280. Latest Fundamental Event The European Single Currency traded sideways against the US Dollar, following the US Durable Goods Orders release on Tuesday at 12:30 GMT. The EUR/USD exchange rate traded in a
The EUR/USD has declined below the pivot points, which on Friday were located near the 1.1240 mark. On Friday morning, the currency exchange rate surged up to pivot point levels and confirmed them as a technical resistance. In general, it was expected that the decline will resume in the near future. Latest Fundamental Event The European Single Currency traded sideways against the US
On Thursday morning the EUR/USD traded near the 1.1260, where it had surged after finding support at 1.1243 level, which stopped the rate from declining below the pivot points that are located near the 1.1240 level. The rate was expected to trade sideways until it meets with the combined resistance of a channel down pattern and the 55-hour simple moving average.
The EUR/USD has declined, as it was previously described in the most likely scenario. Namely, the rate was pushed down below the 1.1300 level. Although, on Wednesday morning the currency exchange rate had not reached the technical support of 1.1240, which was the target of the decline. Latest Fundamental Event The European Single Currency depreciated against the US Dollar, following the German Flash
During the early Monday's trading hours the EUR/USD was being pushed down by the technical resistance of the 55-hour simple moving average near the 1.1320. At the same time the rate had no technical support as low as the 1.1240 level. Due to that reason a decline was expected. Latest Fundamental Event The European Single Currency depreciated against the US Dollar, following the
On Friday morning the EUR/USD plummeted downwards. The move was caused by the publication of the Markit German PMI data sets. Our analysts were covering the data release live. A report on the event will be available in the near future. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US FOMC Meeting Minutes release on Wednesday at
The EUR/USD has reached the resistance levels at the 1.1365 mark. However, before doing that the currency exchange rate declined down below the 1.1340 level. Due to that reason it is assumed that most likely no short term traders managed to profit from the recent fluctuations. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US CPI and
On Tuesday the EUR/USD was making another attempt to pass the resistance of the 1.1360 level, which forced the rate into a decline down to 1.1325 on Monday. If the rate passes this level, it will immediately face the resistance of the monthly pivot point at 1.1365. Instead it is more likely that the pair will trade sideways until the support
As expected, the EUR/UDS has reached the 1.1350 level, which was passed on Monday. In the near future the pair is expected to reach the technical resistance of the monthly pivot point at 1.1365. If this level is passed, the weekly R1 at 1.1373 will provide resistance to the currency exchange rate. Latest Fundamental Event The European Single Currency appreciated against the US