On Monday morning, the EUR/USD currency exchange rate bounced off the resistance of the 1.2180/1.2190 zone. This resulted in a decline to the support of three technical levels near 1.2140. By the middle of the day's GMT trading hours, the price had recovered to the 55-hour simple moving average, which was located at the 1.2163 mark. Economic Calendar Analysis Most of notable
Since Friday early hours, the EUR/USD currency pair has been testing the weekly R2 at 1.2185. If the given resistance holds, the pair could bounce off the weekly PP at 1.2130. Economic Calendar Analysis This week will end with the US Manufacturing and Services PMIs at 14:45 GMT.The next week is expected to be relatively calm in regards of the economic calendar. Most
The EUR/USD currency pair continues to trade within the medium-term descending trend. From a theoretical perspective, it is likely that some downside potential could prevail in the market. Economic Calendar Analysis This week, the top event for the EUR/USD is set to occur.On Thursday, at 12:45 GMT the ECB Main Refinancing Rate is scheduled to be published. In addition, at the same time
The rate passed the resistance of the 1.2130/1.2140 zone. Afterwards, the pair reached the 1.2160 mark, which provided resistance on Wednesday morning. By the middle of the day's trading hours, the rate had retreated to the 100-hour simple moving average at the 1.2114 level. Economic Calendar Analysis This week, the top event for the EUR/USD is set to occur. On Thursday, at 12:45
On Monday, the EUR/USD bounced off the support of the 55-day simple moving average, which strengthened the 1.2050 level. The following recovery reached for the resistance of the zone, which previously provided support. Namely, the December 21 and January 8 low level at 1.2130/1.2140. At mid-day on Tuesday, the near term future was dependant on whether or not the resistance zone
As forecast, the EUR/USD was pushed down by the hourly simple moving averages. Moreover, a sharp surge started as soon as the support of the 1.2120 mark was passed. At mid-day on Monday, the currency exchange rate's decline had reached the 1.2060 level. Economic Calendar Analysis This week, the top event for the EUR/USD is set to occur. On Thursday, at 12:45 GMT
The resistance of the 55 and 100-hour simple moving averages was strong enough to cause a decline of the EUR/USD below the support of the 1.2140 mark. However, the rate found support in the 1.2120 level. At mid-day on Friday, the currency exchange rate was located just above the 1.2120 mark. In the near term future, the SMAs could push the
The 55-hour SMA failed to provide support to the EUR/USD on Wednesday, as the rate retreated to the support of the 1.2140 mark. This level has been providing the rate with support since the middle of Monday's European trading hours. In the near term future the support could fail due to the additional resistance of the 100-hour simple moving average, which
The sideways trading of the EUR/USD currency exchange rate ended and resulted in a surge to the 1.2220 level. On Wednesday morning, the rate bounced off this level and declined to the 55-hour simple moving average at 1.2175. Near term forecasts were based upon whether or not the SMA provides support. Economic Calendar Analysis During the week there will be minor data sets
On Monday, the weekly S1 simple pivot point at 1.2161 failed to provide support. The EUR/USD reached the 1.2140 level, which stopped the pair's decline. Since then, the rate has been trading sideways between 1.2140 and 1.2180. In the meantime, the pair was being approached from above by the 55-hour simple moving average. Economic Calendar Analysis During the week there will be minor
The first of the short term scenarios for the EUR/USD currency exchange rate has become reality, as the rate declined and reached the 1.2160 level by the middle of Monday's GMT trading hours. At the 1.2162 level, the pair encountered this week's simple S1 weekly pivot point, which could provide the rate with support. Economic Calendar Analysis During the week there will be
On Friday morning, the EUR/USD currency exchange rate passed the support of the weekly simple pivot point at 1.2236 and reached the 1.2220 mark. Meanwhile, the rate had no technical support as low as the weekly S1 pivot point at 1.2653. Due to that reason the pair could look for support in round exchange rate levels. Economic Calendar Analysis This week will end
The 1.2350 level managed to provide enough resistance to the EUR/USD for it to decline. Eventually, after two attempts to pass the resistance, on Thursday morning, the rate plummeted to the 1.2250 level. During the drop, the rate passed the support of the hourly simple moving averages and the weekly R1 simple pivot point. Economic Calendar Analysis On Wednesday, the FOMC Meeting Minutes
On Wednesday morning, the EUR/USD managed to break the resistance of the 1.2310 level. It resulted in a surge to the 1.2350 mark. In regards to the near term future, the currency exchange rate was expected to continue its surge. Economic Calendar Analysis On Wednesday, the FOMC Meeting Minutes are set to be released at 19:00 GMT. Expect a minor move from
The Monday's surge of the EUR/USD failed to pass the resistance of the 1.2310 level, which has kept the rate down since December 30. This event was followed by a retracement down to the 1.2250 level. By the middle of Tuesday's European trading hours, the rate had bounced off the 1.2250 mark and surged. Economic Calendar Analysis The first week of the
The EUR/USD started the year's trading with a gap up and a following surge, which by the middle of the day's European trading had reached the 1.2300 mark. In the near term future, the rate's surge was expected to test the previous week's high level of 1.2310. Economic Calendar Analysis The first week of the year is bound to have notable data releases.
Instead of trading sideways, the EUR/USD reached new heights and broke technical resistance levels. On Wednesday, the rate reached the 1.2300 level and was expected to reach even higher. A potential surge of the rate could reach for the resistance of the weekly R2 simple pivot point at 1.2323. Economic Calendar Analysis The first week of the year is bound to have notable
On Tuesday morning, the EUR/USD passed the resistance of the 1.2250 level. However, it did not result in a surge, as the rate still faced the resistance of December high levels and the weekly R1 simple pivot point at 1.2262. In regards to the near term future, the rate was likely set to trade sideways until it is approached by additional
The EUR/USD has broken the resistance of the descending trend line, which kept the rate down since December 17. However, the surge ended at the resistance of the 1.2250 mark. The near term future, was dependant on what would happen at the round exchange rate level. Economic Calendar Analysis On Thursday, at 13:30 GMT, the US Jobless Claims could cause a minor move
On Tuesday, the EUR/USD bounced off the resistance line that has kept it down since December 17 and declined. The decline eventually reached the support of the 1.2150 level, which was strengthened by the weekly S1 simple pivot point. In regards to the near term future, the rate could bounce between the 1.2150 mark and the mentioned resistance line until next
The EUR/USD ended Monday's high volatile trading at the 1.2240 level, where it met with the resistance of a descending trend line. By the middle of the day's European trading hours, the currency exchange rate had declined and passed the support of three technical levels. Due to that reason, the minor decline was expected to continue. Economic Calendar Analysis The week of
The EUR/USD started the week's trading with a 100 base point volatility between 1.2130 and 1.2230. In the meantime, it appeared that the rate was ignoring technical levels. It occurred due to the fact that major fundamental events were going on. Namely, the EU and UK trade talks impacted the Euro. Meanwhile, a $900 billion stimulus package was set to be
Despite the drop, which was caused by the FOMC statement late on Wednesday, the EUR/USD currency pair continued its surge. However, note that the pair remains under pressure of the weekly R3 at 1.2277. The Euro depreciated against the US Dollar, following the FOMC Statement release on Wednesday at 19:00 GMT. The EUR/USD exchange currency rate lost 43 pips or 0.36%
Despite the drop, which was caused by the FOMC statement late on Wednesday, the EUR/USD continued its surge. By the middle of Thursday's European trading hours, the currency exchange rate had reached the 1.2260 level. The Euro depreciated against the US Dollar, following the FOMC Statement release on Wednesday at 19:00 GMT. The EUR/USD exchange currency rate lost 43 pips or