The EUR/USD surged on Tuesday and reached the forecast target. Namely, the pair touched the weekly R2 simple pivot point and the upper trend line of the channel up pattern at 1.1960. Since reaching the target, the rate has been consolidating by trading sideways below the 1.1950 level. Economic Calendar Analysis Despite the week having high impact events on the calendar, Dukascopy
On Tuesday morning, the EUR/USD currency exchange rate reached the 1.1900 level, which was expected to be reached for more than a week. In addition, on Tuesday Dukascopy Analytics revealed an ascending channel pattern, which had been guiding the rate since August 11. Economic Calendar Analysis Despite the week having high impact events on the calendar, Dukascopy Analytics do not expect notable
During early Monday's trading hours, the EUR/USD attempted to pass the resistance near the 1.1860 level. Note that on Monday it was spotted that the 1.1865 mark is providing resistance not the 1.1860. In regards to the near term future, the rate could gain support of the hourly simple moving averages and pass the mentioned resistance level. Economic Calendar Analysis Despite the
The 1.1860 level stopped the EUR/USD pair's surge to the 1.1900 level. The rate retreated afterwards to find support in the 1.1800 level. On Friday morning, the rate fluctuated above the support of the 1.1800 mark, which consisted of the 55 and 200-hour SMAs and a weekly simple pivot point. Economic Calendar Analysis The week will end with the US Retail Sales
The resistance of the 1.1800 failed on Wednesday, as it was first pierced at mid-day and afterwards passed. In the future, the rate was expected to reach the 1.1900 level, where the next cluster of resistance was located at. Economic Calendar Analysis On Thursday, the US Unemployment Claims data might affect the market. The release is scheduled to 12:30 GMT. The week will
On Tuesday, the EUR/USD failed to pass the resistance of the weekly simple pivot point and the 200-hour simple moving average at the 1.1800 level. On Wednesday, the pair had once again reached the support of the 1.1720 level. Economic Calendar Analysis On Wednesday, the US Core CPI and CPI data will be released at 12:30 GMT. On Thursday, the US Unemployment Claims
The EUR/USD extended its decline to the 1.1720 level. However, it did not reach the 1.1700 mark, as it was forecast in the top scenario. On Tuesday morning, the rate found support in the 1.1720 mark and began a surge. Economic Calendar Analysis On Tuesday, the US Core PPI and PPI data are going to be released at 12:30 GMT. On Wednesday, the
The EUR/USD started the week with a decline below the 1.1750 mark. In theory, the decline was expected to continue, as the pair had no support as low as 1.1700. Meanwhile, the rate faced resistance of hourly simple moving averages and a pivot point above 1.1800. Economic Calendar Analysis The week ahead is going to be relatively calm on the economic calendar.
The EUR/USD currency pair is squeezed by 55-, 100- and 200-hour moving averages. It is likely that the pair could trade sideways in the short run. Economic Calendar Analysis On Friday, the Canadian and US Employment data set releases could be in the spotlight. The releases are scheduled to 12:30 GMT. The week ahead is going to be relatively calm on the economic
The EUR/USD currency pair remains to trade below the 1.1900 level. If the given level holds, it is likely that the pair could trade sideways. Economic Calendar Analysis The first week of August is going to be relatively busy on the economic calendar. On Thursday, the US Unemployment Claims data is going to be published at 12:30 GMT. On Friday, the Canadian and US
The EUR/USD gained support from the 200-hour moving average near 1.1730. It is likely that the pair could gain support from the 55- and 100-hour SMAs, as well the weekly PP and extend gains in the short run. Economic Calendar Analysis The first week of August is going to be relatively busy on the economic calendar. On Wednesday, the US ADP Non-Farm Employment
The EUR/USD currency pair re-tested the support level formed by the Fibo 61.80% at 1.1707. It is likely that the pair could gain support from the 55- and 100-hour SMAs, as well the weekly PP and extend gains in the short run. Economic Calendar Analysis The first week of August is going to be relatively busy on the economic calendar. On Wednesday, the
The EUR/USD currency pair reversed south from the 2020 high located at 1.1903. Given that the pair is pressured by the 55- and 100-hour SMAs, it is likely that some downside potential could prevail. Economic Calendar Analysis The first week of August is going to be relatively busy on the economic calendar. On Monday, the Institute for Supply Management is going to publish
The EUR/USD currency pair renewed the 2019/2020 maximum at 1.1903. It is likely that the pair could trade sideways between the given level and the monthly R2 at 1.1828. Economic Calendar Analysis The first week of August is going to be relatively busy on the economic calendar. On Monday, the Institute for Supply Management is going to publish the US ISM Manufacturing PMI
The EUR/USD currency pair touched the 1.1800 level. During Thursday morning hours, the pair was testing the support formed by the 55-hour SMA and the weekly R1 at 1.1742. Economic Calendar Analysis On Thursday, pay attention to the US Advance GDP and the weekly US Unemployment Claims that should be published at 12:30 GMT. Click on the link below to find out more
The EUR/USD currency pair exceeded the weekly R1 at 1.1742. Given that the pair is supported by the 55-hour moving average near 1.1730, it is likely that some upside potential could prevail in the market. Economic Calendar Analysis Notable macroeconomic events are set to start with the biggest and most important of them all, the Federal Reserve is scheduled to make a
The EUR/USD currency exchange rate declined on Tuesday, as it had bounced off the resistance of the 1.1780 level. During its decline, the rate passed one technical resistance after another and approached the 1.1700 level. Economic Calendar Analysis Notable macroeconomic events are set to start with the biggest and most important of them all, the Federal Reserve is scheduled to make
On Monday, the EUR/USD continued to gain ground against the US Dollar, as it reached above the 1.1750 level. In addition, the currency exchange rate had no technical resistance as high as the 1.1828 level. However, it was expected that the 1.1800 level could provide psychological resistance. Economic Calendar Analysis Notable macroeconomic events are set to start with the biggest and most
A new high level has been reached by the EUR/USD. However, the new high level, namely the 1.1620, provided resistance and stopped three attempts of the rate to move higher. In the meantime, take into account that the 55-hour SMA provided support of the most recent surge. In addition, on Friday, the SMA was located near the 1.1580 level and
The surge of the EUR/USD reached the 1.1600 mark on Wednesday. On Thursday morning, the rate continued to trade this resistance level. The resistance of the round price level could be passed as soon as the rate ends its consolidation and the 55 and 100-hour SMA move closer to it. Economic Calendar Analysis On Thursday, the US Unemployment Claims data is set
During early Wednesday's GMT trading hours, the EUR/USD reached the resistance of the weekly R2 simple pivot point at 1.1545. This resistance level caused a decline, which could eventually reach technical support levels near 1.1490. Economic Calendar Analysis On Thursday, the US Unemployment Claims data is set to be published at 12:30 GMT. On Friday, the UK Retail Sales data will be issued
Since the middle of Monday's trading hours, the EUR/USD has been kept up by the support of the 55 and 100-hour simple moving averages, which have been moving higher. In the meantime, the 1.1470 level provided resistance and stopped a surge during Tuesday's GMT morning hours. Economic Calendar Analysis On Thursday, the US Unemployment Claims data is set to be published at
On Monday, the EUR/USD started the week by breaking the resistance of a 50.00% Fibonacci retracement level. However, after passing the resistance, the rate experienced a sharp drop and retreated to the 55 and 100-hour simple moving averages. Economic Calendar Analysis On Thursday, the US Unemployment Claims data is set to be published at 12:30 GMT. On Friday, the UK Retail Sales data
The EUR/USD currency pair has gained support from the 100-hour moving average near 1.1390. Meanwhile, note that the pair could face the resistance of the weekly R2 at 1.1432. Economic Calendar Analysis Next week is expected to be relatively calm. On Thursday, the US Unemployment Claims data is set to be published at 12:30 GMT. On Friday, the UK Retail Sales data will