On Wednesday morning, the EUR/USD currency pair was testing the support provided by the 55- and 100-hour moving averages circa 1.1080. If the given moving averages hold, it is likely that the pair could try to reach the psychological level at 1.1100. Economic Calendar Analysis This week there are a couple of events that could impact the EUR/USD rate. Today, at 13:30 GMT
On Tuesday morning, the EUR/USD was piercing the resistance of the 1.1080 level. Previously, on Monday, the rate failed to pass this level. If this level fails to hold the rate down, the pair would reach for the psychological resistance of the 1.1100 mark. Economic Calendar Analysis This week there are a couple of events that could impact the EUR/USD rate. On Wednesday,
The EUR/USD has found support in the 200-hour SMA, and, by the middle of Monday's European trading session, the rate had reached the resistance of the 55 and 100-hour SMAs near 1.1080. The rate's future movements were based upon what would happen at the 1.1080 mark. US Employment Data The European Common Currency depreciated against the US Dollar, following the US Employment
On Friday, the EUR/USD continued to be pushed higher by the support of the 55-hour simple moving average. By the middle of the day, the SMA had approached and strengthened the support of the pivot point at 1.1093. In addition, the pair was being approached by the 100-hour simple moving average, which had surged above the 1.1080 level. US ISM Non-manufacturing
During the second half of Wednesday's trading, the EUR/USD was pushed up by the 55-hour SMA, which caused a piercing of the pivot point near 1.1090. On Thursday morning, the EUR/USD was still kept up by the support of the SMA, and it was expected that it would push the rate clearly through the 1.1090 level. Fundamentals Crash US Dollar Since Monday,
On Wednesday, the EUR/USD remained near previous trading session levels, as it bounced between 1.1090 and 1.1080. In the meantime, the rate had been approached by the 55-hour simple moving average, which during the morning hours was located at 1.1065. Fundamentals Crash US Dollar Since Monday, December 2, the US Dollar has been depreciating. Most likely, the Greenback is pressured by various fundamental
The volatility of the EUR/USD increased in the second part of Monday's London trading hours. The currency exchange rate surged, as various fundamental news decreased the value of the US Dollar. Among these was a trade dispute between the EU and the US, Cuban retailers moving away from using the USD, tariffs on Latin American imports and lower than forecast
On Monday, the EUR/USD traded at technical support levels that were concentrated at 1.1010. At that level two SMAs and the weekly simple pivot point were located at. The near term future forecasts were based upon what would happen at this level. In the meantime, take into account that there was a large increase of volatility on Friday. A detailed report on
On Friday morning, the EUR/USD traded below the 55 and 100-hour simple moving averages, which had provided resistance to the rate since the middle of the night in GMT hours. In general, the previous short term forecast was still valid. The SMAs were expected to push the currency exchange down to the weekly pivot point at the 1.0994 level. Economic Calendar Analysis This
On Wednesday, the EUR/USD reached the support of the 1.1000 level and the weekly S1 at 1.0994. Namely, the rate reached below the expected level. At the pivot point, the rate found support and began a surge, which by the middle of Thursday's trading had reached the resistance of the 100-hour simple moving average at 1.1018. Economic Calendar Analysis This week there are
On Wednesday, the EUR/USD traded near previous session's levels. In the meantime, take into account that the 55-hour SMA did not manage to push the rate down on Tuesday. In regards to the near term future, the pair was still expected to reach for the support of the 1.1000 level. Economic Calendar Analysis This week there are no more data releases, which might
The EUR/USD started the week by trading below the 1.1030 level. On Tuesday, the rate was set to test the resistance of the 55-hour simple moving average. Future scenarios were based upon what would happen at this level. Economic Calendar Analysis The EUR/USD could be slightly impacted by the US publications on Wednesday. At 13:30 GMT, the US Durable Goods Orders, Core Durable
On Friday morning, the EUR/USD traded with an increased volatility. The volatility was caused by the publication of European PMIs. They showed mixed results, as they were being published over a period of an hour. In general, good news from France caused a surge, which were followed by mixed German results and lower than forecast results of the combined Euro Zone
The EUR/USD found support in the 100-hour simple moving average above the 1.1050 level. This event caused a surge, which by the middle of Thursday's trading session had reached the 1.1090 level. From a technical perspective, the rate was expected to continue to surge, as the most close by technical resistance was located at the 1.1100 level. Economic Calendar Analysis On Friday, the
On Tuesday, the rate traded sideways as expected. On Wednesday, the pair was reached by the support of the 55-hour SMA, which failed to push the EUR/USD higher. By the middle of Wednesday's trading, the pair had declined to the 1.1060 level and was expected to continue to go down. Economic Calendar Analysis This week, the EUR/USD is expected to be impacted by
During the first half of Tuesday's London trading, the EUR/USD currency exchange rate traded sideways between 1.1065 and 1.1080. The rate was consolidating in the aftermath of the surge, which occurred since late November 14. In regards to the near term future, the pair is expected to continue to trade sideways until it is approached by the technical support of the
The EUR/USD managed to find support in the 1.0990 level and surge. On Friday, the rate had ended the surge, as it met resistance at 1.1030. In regards to the near term future, the pair was expected to get squeezed in between the support of the 55 and 100-hour SMAs near 1.1015 and the resistance of the 200-hour SMA at 1.1040. Economic
On Thursday morning, the EUR/USD touched a low level at 1.0995. Afterwards, it began a surge, which quickly reached the resistance of the 55-hour simple moving average near 1.1015. The SMA provided the needed technical resistance to cause a decline, which was expected to reach new low levels. US Consumer Price Index The European Common Currency traded sideways against the US
As expected, the hourly simple moving averages managed to push the EUR/USD down. On Wednesday morning, the currency pair had already touched the 1.1000 level, which began to provide support. In regards to the future, the decline is expected to continue. The hourly SMAs should catch up and provide resistance that would push the rate through the 1.1000 level. Economic Calendar Analysis This
The EUR/USD broke out from the falling wedge pattern of the hourly chart and began to trade in limbo around the 55-hour simple moving average. The rate was expected to be pushed down by the SMA. Moreover, the 100-hour simple moving average was approaching the currency exchange rate. Economic Calendar Analysis This week, US data is set to impact the EUR/USD currency exchange
The EUR/USD has started the week at 1.1020 level. In general, the rate was being pushed down by the 55 and 100-hour simple moving averages, which were located at 1.1043 and 1.1061. Meanwhile, the pair had no technical support as low as the 1.0967 level. However, the 1.1000 mark should provide psychological support. Economic Calendar Analysis This week, US data is set to
The EUR/USD bounced off the resistance of the 1.1090 level on Thursday and began a decline, which was stopped by the support of a pivot point at the 1.1037 level. On Friday, the pair was testing this support level. If the support fails to hold, the 1.1000 should be reached. Economic Calendar Analysis There are no more data releases scheduled for this week,
On Thursday morning, the EUR/USD met with the resistance of the 55-hour simple moving average at 1.1084. It occurred in the aftermath of a bounce off from the support of the 1.1060 level. In general, if the resistance of the SMA fails, the rate would reach for a pivot point at 1.1100. On the other hand, in the case of a
The support of the 200-hour simple moving average did not hold for long on Tuesday. At mid-day it was passed. This resulted in a sharp decline, which reached the 1.1064 level. On Wednesday, the rate was recovering from the decline. Although, the surge was seen only as a retracement that occurs after sharp moves. US ISM Non-Manufacturing PMI The European Common Currency