On Tuesday, the EUR/USD reached the zone at 1.1835/1.1845 that slowed down the rate's surge in late March and managed to reverse the early March decline. In addition, this zone was being strengthened by the weekly R1 simple pivot point at 1.1848. Future forecasts were dependant on whether or not the resistance levels hold. Economic Calendar Analysis On Wednesday, at 19:00 GMT, the
On Thursday, the EUR/USD broke the resistance zone above the 1.1760 level. During the US trading hours, the rate was heading to 1.1800. The future scenarios are based on what would happen at this level. Economic Calendar Analysis The current week will end on Friday with the top event, as the US Employment data is set to be released at 13:30 GMT.
During the early hours of Wednesday's trading hours, the EUR/USD found support in the 61.80% Fibonacci retracement level at the 1.1705 level. It resulted in a surge, which was heading to the resistance of the 55-hour simple moving average. Economic Calendar Analysis On Wednesday, at 13:15 GMT, the US ADP Non-Farm Employment Change is set to be released. This event has caused
During the early hours of Tuesday's trading, the support of the 1.1763 level failed and the EUR/USD declined. By the middle of the day, the rate had reached below the 1.1750 mark. Economic Calendar Analysis On Wednesday, at 13:15 GMT, the US ADP Non-Farm Employment Change is set to be released. This event has caused EUR/USD moves from 4.3 to 15.7 pips since
Since Friday, the EUR/USD has been kept down by the combined resistance of the 1.1800 level and the 55-hour simple moving average. In the meantime, it was spotted that since Thursday the rate has been finding support in the 1.1763 level. In the near term future, the rate was expected to get squeezed into the 1.1763 level by the declining 55-hour
The decline of the EUR/USD continued, as the 1.1800 level was passed on Thursday and the rate reached the 1.1762 level. The rate rebounded from the 1.1762 mark and began a recovery. By the middle of Friday's European trading hours, it appeared that the EUR/USD could test the resistance of the 1.1800 level. Economic Calendar Analysis Next week, on Wednesday, at 13:15
The decline of the EUR/USD reached the 1.1800 mark during early Thursday's trading hours. The near term future depended on whether or not the 1.1800 level and the weekly S2 at 1.1808 provide support to the currency exchange rate. Economic Calendar Analysis On Thursday, the week will end for EUR/USD macro events, as the US Final GDP is set to be released
On Tuesday, the support of the 1.1875/1.1885 zone failed to keep the rate up. In addition, the currency exchange rate passed the support of the weekly S1 simple pivot point at 1.1856. On Wednesday, it appeared that the 1.1850 level was providing resistance to the rate. Meanwhile, by the middle of the day the rate had reached below 1.1820. Economic Calendar Analysis On
Despite piercing the resistance of the 1.1940 the EUR/USD failed to reach the 1.1950 mark and started a decline. This attempt provided the opportunity to adjust the width of the resistance zone that surrounds the 1.1940 level. By the middle of Tuesday's European trading hours, the currency exchange rate had reached the support of the 1.1875/1.1885 zone. Near term future forecast
During Monday's early trading hours, the EUR/USD found support in the 1.1875/1.1885 zone and began a recovery. By the middle of the day's GMT trading hours, the pair had reached above a technical resistance cluster at 1.1910/1.1930. Economic Calendar Analysis Notable macroeconomic events will start on Wednesday. From 08:15 up to 09:00 the Markit Services and Manufacturing Purchasing Managers Indices would be
Despite piercing the support of the 1.1910/1.1915 zone, the rate did not decline, as it found support in the 1.1900 level. During the morning hours of Friday's European trading, the rate was testing the resistance of the three hourly simple moving averages and the weekly simple pivot point in the 1.1920/1.1930 range. Economic Calendar Analysis Next week, notable macroeconomic events will start on
On Wednesday, at 18:00 GMT, the EUR/USD surged, as the US Federal Reserve Federal Open Market Committee issued a monetary policy statement. The currency exchange rate surged 73 pips or 0.61% in the span of 40 minutes following the release. In general, the statement revealed that US interest rate hikes are not to be expected. In addition, the Fed is set
After a test of the resistance of the 1.1950 mark, the EUR/USD eventually declined below the support of the 1.1915/1.1910 zone. Afterwards, the pair found support in last week's low levels at 1.1882/1.1888. Since Tuesday's GMT afternoon hours, the pair was trading sideways between the two mentioned zones. In the meantime, the rate was being approached by the resistance of the
Since the middle of Monday's trading, the EUR/USD has traded sideways between the support of the 1.1910/1.1915 and the resistance of the 1,940.00 level. In addition, resistance was being provided by the 55 and 100-hour simple moving averages. Future forecasts were based upon, which of the mentioned levels fails to hold. Economic Calendar Analysis On Tuesday, at 12:30 GMT expect the US Retail
The EUR/USD started the week by ignoring technical resistance and support levels. Instead, the rate could be observed respecting round exchange rate levels. For example, from 07:00 GMT to 12:00 GMT the rate traded between the 1.1920 and 1.1940 levels. In the meantime, it was previously noted that the 1.1910 provided support and 1.1960 level provided resistance. Economic Calendar Analysis On Tuesday, at
By the middle of Friday's trading hours, the EUR/USD broke the channel up pattern and past the support of 55-hour simple moving average. Afterwards, the rate found support in 1.1915 and 100-hour SMA. The decline was caused by a fundamental event. The ECB announced the increase of monetary stimulus on Thursday. Namely, the supply of EUR is expected to rise. Economic Calendar
By the middle of the day's European trading hours, the currency exchange rate had reached the resistance of the 200-hour simple moving average and the weekly simple pivot point at 1.1975. In the meantime, analysts spotted a channel up pattern, which had guided the rate throughout this week. It captures the broad decline of the USD, which can be spotted on
The EUR/USD did not reach the 1.1950 level, as it encountered resistance at 1.1915. In the meantime, the rate was being approached from above by the 100-hour simple moving average. Near term forecasts were based upon whether or not the 100-hour simple moving average provides resistance. Economic Calendar Analysis Notable data releases will start on Wednesday. On that day, the US Consumer Price
At the start of Tuesday's trading, the EUR/USD found support in the weekly S1 simple pivot point at 1.1838. It resulted in a surge, which passed the resistance of the 55-hour simple moving average. In the near term future, the pair was expected to reach for the 1.1950 level and the 100-hour simple moving average. Economic Calendar Analysis Notable data releases will start
The EUR/USD has extended its decline, as on Monday the rate reached below the support of the 1.1900 mark. The rate started the decline on Thursday, as the head of the Federal Reserve made comments on monetary policy. In the near term future, the rate was expected to look for support in the 1.1850 mark. Economic Calendar Analysis Notable data releases will
The speech of the Chairman of the Federal Reserve Jerome Powell on Thursday at 17:00 GMT caused a surge of the US Dollar, which beat down the EUR/USD. By the middle of Friday's GMT trading hours, the rate had reached the 1.1920 level. In the near term future, the rate was expected to look for support that would force it
The EUR/USD bounced off the resistance of the 1.2100 mark and began a decline. At mid-day on Thursday, the decline was expected to eventually reach the 1.2000 level. Future short term forecasts were based upon whether the 1.2000 mark provides support. Economic Calendar Analysis On Wednesday, the US ADP Non-Farm Employment Change at 13:15 GMT will be on the headlines. However, the market
The 1.2000 mark managed to provide enough support to the EUR/USD to cause a surge back to the 1.2100 mark. At mid-day on Wednesday, the rate was testing the resistance of the 1.2100 mark, as it made attempts to pass it and reach the technical levels at 1.2125. Economic Calendar Analysis On Wednesday, the US ADP Non-Farm Employment Change at 13:15 GMT will
On Tuesday, the EUR/USD had reached the support of the 1.2000 mark. By doing this, the rate had passed the support of the mid-February low level and the weekly S1 simple pivot point at 1.2011. In the meantime, the rate was being approached by the resistance of the 55-hour simple moving average, which was located near 1.2070. Economic Calendar Analysis On Wednesday, the