As expected, the EUR/USD has approached the support of the 1.0820 level. Moreover, the 1.0820 was passed on Wednesday morning. By mid-day, the rate was expected to test the support of a monthly pivot point at 1.0776. Economic Calendar Analysis On Wednesday, a minor move could be caused by the ADP Non-Farm Employment Change. On Friday, the week will end with the employment data
After touching the high level of 1.1020 on Friday, the EUR/USD began a decline. By the middle of Tuesday's GMT trading hours, the rate had reached the 1.0840 level. In regards to the near term future, the rate was expected to test the support of the 1.0820 mark. Economic Calendar Analysis There are a couple of minor data releases scheduled for the week.
The EUR/USD currency pair remains to trade below the Fibonacci 23.60% retracement at 1.0886. Note that the pair is supported by the 55-, 100- and 200-hour moving averages. Thus, some upside potential could prevail in the market. Economic Calendar Analysis Today, note the US Unemployment Claims at 12:30 GMT. Moreover, the US ISM Manufacturing PMI is scheduled to be published on
Previously, the 23.60% Fibonacci retracement level at the 1.0886 level held and caused a drop of the EUR/USD pair. The decline reached the support of the 1.0820 level and once again started a surge, which was expected to once again test the retracement level. Economic Calendar Analysis This week is set to start with the US Advance GDP on Wednesday at 12:30
On Tuesday morning, the EUR/USD bounced off the support of two pivot points and two hourly simple moving averages. A surge followed this event. By mid-day, the rate had reached a 23.60% Fibonacci retracement level at 1.0886 Economic Calendar Analysis This week is set to start with the US Advance GDP on Wednesday at 12:30 GMT. This is the first of three
At the end of last week, the EUR/USD currency pair reversed north from the psychological level at 1.0740. Note that the pair remains to be under pressure of the 200-hour moving average. Thus, it is likely that a reversal south could occur in the nearest future. Economic Calendar Analysis This week is set to start with the US Advance GDP on
The decline of the EUR/USD continued on Friday, as during the morning hours the rate passed the support of the 1.0760 level, which kept the rate up during Thursday. In regards to the near term future, the pair was expected to reach for the weekly S2 simple pivot point at 1.0715. The main reason for such assumption was not only the
A quite rare situation has occurred on the EUR/USD charts, as both previous forecast scenarios have become reality. Namely, the rate has surged to the 1.0886 level and declined to the 1.0820 mark. Initially, the pair surged to the 23.60% Fibo at 1.0886, from which it bounced off and declined as low as the 1.0805 level. In regards to the future,
The EUR/USD found support in the 1.0820 level, as it did during the last week. Afterwards, the pair reached up to the resistance of the 1.0880 level. By the middle of Wednesday's GMT trading hours, the currency exchange rate traded in limbo around the 55 and 100-hour SMAs near 1.0860. Economic Calendar Analysis Data that might impact the EUR/USD is bound to start
On Monday, as expected the EUR/USD currency exchange rate bounced off the resistance of the 1.0900 level. Moreover, the rate managed to pass the support of various technical levels. During Tuesday morning GMT trading hours, the pair had reached the 1.0830 level. Economic Calendar Analysis Data that might impact the EUR/USD is bound to start being released on Thursday at 07:30 GMT.
The EUR/USD started the week by testing a strong resistance cluster near 1.0900. It was expected that the pair would be kept down by various technical resistance levels. Economic Calendar Analysis Data that might impact the EUR/USD is bound to start being released on Thursday at 07:30 GMT. At that time, the German Markit Flash Manufacturing and Services PMIs are bound
The favoured forecast of Thursday has become reality, as the EUR/USD has declined. On Thursday, the pair touched the support of the weekly simple pivot point at 1.0823 and the 1.0820 mark. After doing a retracement back up to the 1.0880 level, on Friday morning, the pair retreated to fluctuate near the described support levels. Economic Calendar Analysis Data that might impact
The break out of the rising wedge on Wednesday quickly reached the 1.0860 mark, where it found support. In the meantime, the rate traded with high volatility, as it retraced back to 1.0940 before resuming its decline. On Thursday, the rate traded in limbo around the 1.0880 level. Economic Calendar Analysis On Thursday, all attention is expected to be set on
By the middle of Wednesday's GMT trading hours, the EUR/USD currency exchange rate broke out of the ascending wedge pattern to the downside. It occurred in a sharp 30 pip move. In regards to the near term future, the rate was expected to continue its decline until it would reach a technical support cluster at 1.0888. Economic Calendar Analysis Due to the
On Tuesday, the EUR/USD currency exchange rate signalled that it could surge up to the 1.0980 level. Meanwhile, the rate had continued to trade in a rising wedge pattern, which can be observed on the hourly candle chart. Economic Calendar Analysis Due to the fundamental changes in the markets, Dukascopy Analytics suggests to note the scheduled macroeconomic events, but avoid using historical
On Thursday, the EUR/USD passed the support of the 55-hour simple moving average, which began to provide resistance at 1.0868. In the meantime, the pair still found support in the 100-hour SMA at 1.0840. In the meantime, next week's economic calendar events have been analysed, and some events are expected to cause notable volatility. Economic Calendar Analysis Due to the fundamental changes
Despite piercing the 1.0900 level, the EUR/USD pair did not reach for the 200-hour SMA. Instead, the rate bounced off the 1.0930 mark and began a decline. By the middle of Wednesday's GMT trading hours, the currency exchange rate had reached the support of the 55 and 100-hour simple moving averages near 1.0850. Economic Calendar Analysis As it occurred during the
The EUR/USD did not decline, as forecast. Instead of declining, the currency exchange rate surged on Tuesday. By the middle of the day's GMT trading hours, the rate had broken the resistance of the 55 and 100-hour simple moving averages. Moreover, the pair broke the upper trend line of the channel down pattern, which captures the rates decline since
The EUR/USD started the week by trading sideways near the 1.0800 level. However, the consolidation was about to end, as the rate was approached by the resistance of the 55-hour simple moving average near 1.0840. In theory, the SMA should push the rate down. In the case of a decline, the pair could look for support in the 1.07500 mark. US
On Friday morning, the EUR/USD passed below technical support levels near 1.0800. The pair was expected to continue to decline, as it had no other technical support. Meanwhile, it appears that despite massive bad US data is being released, the US Dollar is not losing value. US Unemployment Claims The Euro depreciated against the US Dollar, following the US Unemployment Claims data
Previously, on Wednesday, the US reached the support of the 200-hour simple moving average above the 1.0900 mark. On Thursday, the EUR/USD was being pushed up by the 200-hour SMA and was about to face the resistance of the 55-hour SMA and the weekly simple pivot point at 1.0977. Economic Calendar Analysis This week, data can be ignored, as the fundamental
On Tuesday, the EUR/USD did not drop to the 200-hour SMA. Instead, it found support in the round level of 1.0950. Afterwards, the pair surged up to the resistance of the 55 and 100-hour simple moving averages. On Wednesday morning, the pair had bounced off the SMAs and was heading down to once again test the support of the 1.0950
The EUR/USD has continued its decline, as by the middle of Tuesday's GMT trading hours, the currency exchange rate had declined below two SMAs and two pivot points. In regards to the near term future, the rate had no technical support as low as the 1.0877 level. Economic Calendar Analysis This week, data can be ignored, as the fundamental background created by
On Monday, the EUR/USD was declining in the aftermath of testing the 1.1150 level. By the middle of the day's GMT trading hours, the rate was set to reach the support of the 1.1050 mark. Meanwhile, the 55-hour simple moving average was approaching the 1.1050 mark. Last week, the SMA caused a surge of the rate to the 1.1150 level. Economic