The EUR/USD has declined, as the most likely scenario suggested yesterday. Namely, the support levels at 1.1420 has been reached. Next target for a decline is the weekly S1 at the 1.1395 level. Although, note that the 1.1400 level might provide psychological support. Market participants tend to do deals near round levels of currency exchange rates. Latest Fundamental Event The European Single Currency
On Monday, the common European currency traded between two levels of technical analysis between 1.1435 and 1.1455. As the rate broke a previously described ascending channel pattern, a decline further is highly likely. Namely, if the level at 1.1435 is passed, the rate could drop as low as 1.1420. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the
The EUR/USD is trading with high volatility on Thursday and Friday. During the period of high volatility the pair has broken the lower trend line of a dominant ascending pattern on the hourly chart. Meanwhile, a full review of the daily chart has been conducted, as the lower trend line of a previously hypothetical and kept secret pattern at Dukascopy Analytics
The EUR/USD has highly increased its volatility, as the rate has traded in a range of more than fifty base points during the last 24 hours. In general the rate made an attempt to approach the 1.1400 level and retreated back down to the support of a dominant ascending pattern near the 1.1340 level after failing to reach the 1.1400 level. Latest
On Wednesday morning the EUR/USD had stopped its decline and surged back up to the levels above the 1.1350 mark. Although, the pair already on Tuesday reached the previously set target of the zone below the 1.1340. Namely, it touched it during the second half of Tuesday's trading and immediately began a surge, which reached as high as 1.1375. Latest Fundamental Event The
The EUR/USD decline has continues. Namely, the currency exchange rate has reached the 1.1350 level on Tuesday morning. The rate was expected to continue its decline as low as the levels between 1.1330 and 1.1340. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US PPI and Core PPI release on Tuesday at 13:30 GMT. The EUR/USD exchange
The EUR/USD has traded almost horizontally during the past 24 hours. Meanwhile, there is a notable event that has occurred during the trading. After making many attempts to force the currency rate into a decline, the 55-hour simple moving average has failed to push the rate lower. Instead the resistance was broken by the EUR/USD. Latest Fundamental Event The European Single Currency
The EUR/USD has reached the targeted support of the weekly S1 at the 1.1390 level. Moreover, the decline was expected to continue on Thursday morning. The rate was making attempts to decline even further, as it had made various attempts to break free from the weekly pivot point and continue its way downwards to the 1.1330 level. Latest Fundamental Event The European Single
The decline of the EUR/USD continues, as traders take advantage of it. Namely, the rate has been testing the support of the weekly S1 at the 1.1390 mark. The currency exchange rate is expected to eventually pass this support level and reach down to the monthly pivot point at the 1.1330 level. Latest Fundamental Event The European Single Currency appreciated against the US
The EUR/USD dropped on Tuesday down to the 1.1430 mark. At that level it stopped, and the stop forced a review of the currency exchange rate's hourly chart. It was discovered that there exists another version of an ascending channel pattern. The pattern's lower trend line was located at the 1.1430 level and provided the needed support for the rate to
The EUR/USD is continuing its decline, which began after encountering the upper trend line of a dominant ascending pattern. On Monday, the currency rate was standing at various support levels just above the 1.1450 mark. Meanwhile, the larger scale indicated that the rate should fall as low as the 1.1410 level. Latest Fundamental Event The European Single Currency appreciated against the US Dollar,
On Friday, the EUR/USD was continuing its recovery, which began on Thursday. Namely, the rate was surging after rebounding at the 1.1480 level. Meanwhile, note that the rate was being supported by the 55-hour SMA, as it was about to reach the combined resistance of a previously pierced resistance line of a larger pattern and the monthly second resistance of
The EUR/USD reached our previous set target of 1.15 and even surged above the weekly target set by one of our analysts during Monday's webinar.
After finding support in the 1.1425 level the EUR/USD has once more reached up t the 1.1480 mark on Wednesday.
During the last trading session the EUR/USD has retreated in the borders of an ascending pattern.
On Monday the EUR/USD traded just below the 1.1450 level.
The first full review of the EUR/USD situation of 2019 is set to outline the situation.
On Friday, the EUR/USD was charted in an ascending channel pattern.
By the time of creation of this analysis the EUR/USD had jumped on Thursday morning and reached above resistance levels at the 1.1480 mark.
The rate has reached the previously set target of 1.1410.
The recovery of the EUR/USD continued on Tuesday. During the surge the rate passed a strong resistance cluster at 1.1340.
The decline of the EUR/USD lasted until it touched the 1.1270 level. Afterwards a recovery began which had reached the 1.1320 level on Monday.
Due to a combination of Fundamental information and Technical Analysis resistance levels the EUR/USD plummeted down below the 1.1300 mark on Friday.
The turmoil in the United Kingdom affects the strength of the Euro. Namely, as the UK Parliament triggered a confidence vote in Theresa May, the currency exchange rate plummeted.