The EUR/USD dipped 35 base points on Wednesday at 19:00 GMT, as the US Federal Reserve announced that it would reduce stimulus. However, the dip was followed by a surge, as the markets realized that despite the decrease the Fed is still set to increase USD supply. By the middle of Thursday's trading, the pair had returned to the 1.1320 level.
On Tuesday, the EUR/USD shortly reached below the recent low level zone and the 1.1260 level. However, the rate found support in the 1.1255 level before retracing up to the 50-hour simple moving average near 1.1280. At 13:30 GMT on Wednesday, the publication of the US Retail Sales caused a drop of the USD value. The EUR/USD surged 13 base points
On Tuesday morning, the EUR/USD found support in the 1.1260/1.1267 zone, which has kept the rate up since December 8. By the middle of the day's GMT trading hours, the pair had almost reached the December 10 high levels above the 1.1320 mark. At 13:30 GMT on Friday, US monthly Consumer Price Index data was published. CPI came in at 0.8%
The EUR/USD passed the support of the 50, 100 and 200-hour simple moving averages on Thursday. By the middle of Friday's trading, the pair had reached below 1.1270. Economic Calendar Analysis On Friday, the value of the US Dollar is most likely going to adjust to the publication of the US Consumer Price Index and Core Consumer Price Index changes at 13:30
The EUR/USD broke resistance of moving averages and the weekly simple pivot point on Wednesday. The following surge reached the December 1 high levels at 1.1355/1.1360, before starting a decline. By the middle of Thursday's trading, the rate had reached the weekly simple pivot point at 1.1313. In the meantime, take into account that the 50, 100 and 200-hour simple moving
On Tuesday, the EUR/USD found support in the support levels near 1.1235. The event resulted in a surge, which passed the resistance of the channel down pattern. However, the rate started to respect the resistance of the 100 and 200-hour simple moving averages and the support of the 50-hour simple moving average. Economic Calendar Analysis On Thursday, a minor USD move could
On Tuesday morning, the EUR/USD, despite piercing the resistance of the 50-hour simple moving average, found resistance at the 1.1300 mark and declined. By the middle of the day's trading, the pair had reached the 1.1250 mark. Economic Calendar Analysis On Thursday, a minor USD move could occur due to the weekly US Unemployment claims release at 13:30 GMT. The rate has
The EUR/USD currency exchange rate has revealed that throughout December it has traded in a channel down pattern. Meanwhile, the pair was ignoring the support and resistance of the 50, 100 and 200-hour simple moving averages. Economic Calendar Analysis On Thursday, a minor USD move could occur due to the weekly US Unemployment claims release at 13:30 GMT. On Friday, the value
The EUR/USD declined below the support of the 50 and 100-hour simple moving averages and the 1.1300 level, on Thursday. By the middle of Friday's trading, the rate had found support in the weekly simple pivot point at 1.1282 and recovered to the two SMAs at the 1.1315 level. Meanwhile, it was spotted that pending orders in the 100-base point range
On Thursday, the EUR/USD currency exchange rate remained near previous day's trading levels, as the pair fluctuated between 1.1310 and 1.1350. In the meantime, the 100-hour simple moving average had caught up with the rate and provided support. Economic Calendar Analysis This week, the main event will be the release of the US employment data on Friday at 13:30 GMT. The
The testimony of the US Federal Reserve Chairman Jerome Powell caused major volatility. Namely, the EUR/USD bounced off 1.1380 to the 1.1240 mark during the testimony. Such an unexpected fundamental event ignored all technical levels. However, by the start of Wednesday's US trading hours, the EUR/USD had returned to normal trading, as it was finding support in the 50-hour simple moving
On Monday, the EUR/USD found support in the combination of the 1.1260 and the 50-hour simple moving average. The following surge passed the weekly simple pivot point at 1.1282 and the resistance zone at 1.1320/1.1333. By the start of Tuesday's US trading hours, the pair had almost reached the weekly R1 simple pivot point at 1.1378. Economic Calendar Analysis EUR/USD hourly chart's
On Monday, the EUR/USD currency exchange rate fluctuated sideways in the 1.1260/1.1300 range. Note that the pair was ignoring the support and resistance of the 200-hour simple moving average and the weekly simple pivot point at 1.1283. Economic Calendar Analysis EUR/USD hourly chart's review If the currency pair surges, it could test the resistance of the 1.1320/1.1333 zone, which provided the EUR/USD with
On Wednesday morning, the decline of the EUR/USD reached below the 1.1300 mark. However, the rate found support in 1.1265 and started a recovery. By the middle of the day's trading, the recovery had reached above the weekly S2 simple pivot point at 1.1321. Economic Calendar Analysis On Thursday, note that a minor USD move could be caused by the weekly US
Since Friday, the EUR/USD has traded sideways. On Monday, the borders of the sideways trading range were marked on the chart. The rate keeps finding support at 1.1433/1.1437. Meanwhile, resistance is being provided by the 1.1456/1.1464 zone. Economic Calendar Analysis On Tuesday, at 13:30 GMT, the US Retail Sales and US Core Retail Sales are bound to impact the value of the
The EUR/USD eventually passed the support of the 50.00% Fibonacci retracement level at 1.1455. Afterwards, the rate retraced back up to the 1.1455 level and confirmed it as a resistance three times. At mid-day on Friday, it appeared that the pair was set to continue its decline. Economic Calendar Analysis Next week, on Tuesday, at 13:30 GMT, the US Retail Sales and
The decline of the EUR/USD, on Thursday, passed the support of the weekly S2 simple pivot point at 1.1463 and reached the 50.00% Fibonacci retracement level at 1.1455. Future forecasts were based upon whether the retracement level provides support. Economic Calendar Analysis There are no more notable events for this pair scheduled for this week. Next week's review is bound to be
The resistance of the 1.1600 was enough to cause a decline, which initially reached below the technical levels at 1.1567/1.1585. Afterwards, the decline was boosted by US Consumer Price Index data, which caused a USD surge. During Wednesday's US trading hours, the pair had reached below the previous November low levels, as it approached the 1.1500 level. Economic Calendar Analysis There are no
The EUR/USD currency exchange rate's surge reached above the 1.1600 mark on Tuesday. During the recent surge, the rate eventually passed the resistance of the 50, 100 and 200-hour simple moving averages. Economic Calendar Analysis On Tuesday, the US Producer Price Index and Core Producer Price Index at 13:30 GMT could cause minor USD volatility. The EUR/USD has moved from 8.6 to
On Friday, the EUR/USD booked a new low level by reaching below October low levels. Namely, the pair touched the 1.1514 zone. However, the touching of a low level was followed up by a recovery to the hourly simple moving averages above the 1.1550 mark. By the middle of Monday's European trading, the pair had reached above the resistance of the
Since the middle of Thursday's European trading hours, the EUR/USD currency exchange rate has been trading above or in the zone of the October low levels at 1.1525/1.1538. Economic Calendar Analysis On Friday, US statisticians will publish their monthly employment data sets at 12:30 GMT. The event has moved EUR/USD from 21.7 to 50.1 pips since June 2021. Next week, on Tuesday, the
On Wednesday, the EUR/USD passed the resistance of the hourly simple moving averages. However, the rate encountered resistance in the 1.1616/1.1625 zone, which had previously impacted the rate throughout October. At midnight to Thursday, the pair started to plummets. By the middle of the day's European trading hours, the EUR/USD had declined by more than 70 base points. Economic Calendar Analysis On
Since the middle of Tuesday's trading, the EUR/USD bounced around the 50-hour simple moving average and the 1.1585/1.1588 zone. In the meantime an attempt to surge was stopped by the 1.1600 mark and the weekly simple pivot point at 1.1697. Economic Calendar Analysis Wednesday will end with the US Federal Open Markets Committee Statement and Federal Funds Rate publication at 18:00 GMT.
The recovery of the EUR/USD has reached the resistance of the technical levels that are spread out from 1.1597 to 1.1616. At mid-day on Tuesday, the rate was finding resistance in the 100-hour simple moving average at 1.1610. Economic Calendar Analysis On Wednesday, at 12:15 GMT the US ADP Non-Farm Employment Change could cause a minor USD move. The EUR/USD has reacted