The rate traded near the support levels at 1.0880, as expected, until a fundamental event caused a surge. On Wednesday morning, the EUR/USD had bounced off the resistance of 1.0940 and was heading back to the mentioned support level of 1.0880. US ISM Manufacturing PMI The European Common Currency appreciated against the US Dollar, following the US ISM Manufacturing PMI survey data
As expected, the EUR/USD reached the support levels that are located just above the 1.0880 mark. On Tuesday morning, the EUR/USD had bounced off the support levels and was surging back up to the 55-hour simple moving average, which was located near 1.0920. US Employment Data week This week, there are a couple of US macroeconomic data releases, which might impact the
The EUR/USD started the week by trading in Limbo around the 55-hour simple moving average. The moving average was heading lower and was expected to push the rate with it. In general, as the rate had passed the support of the 1.0930 level, the pair had no technical support levels below it as low as 1.0891. US Employment Data week This week,
The EUR/USD has declined below the support of the historical low level of 1.0930. Although, the event did not result in a sharp decline, as support was provided by the 1.0910 mark. On Friday morning, the pair was consolidating by trading sideways, which was considered normal, as the rate has declined sharply since September 25. Week Ends With Insignificant Data The week
The decline of the EUR/USD has continued in a descending channel pattern. By the middle of Thursday's trading session, the currency exchange rate had reached the support of the historical low level at 1.0930. If the currency exchange rate passes this support level, it would have no technical support as low as the 1.0890 mark, where a cluster of technical levels
On Wednesday morning, the EUR/USD currency pair was trading at the 1.1000 level. The pair was expected to trade downwards within the short-term descending channel, as it is pressured by the 100- and 200-hour moving averages. German Flash Manufacturing and Services PMIs The European Common Currency depreciated against the US Dollar, following the German Flash PMIs survey results release on Monday at
On Tuesday morning, the EUR/USD traded below the 1.1000 level, which had been providing resistance since the middle of Monday's trading session. The rate was expected to continue to trade at that level until the resistance of the 55 and 100-hour simple moving averages approach from the above and push the rate down. German Flash Manufacturing and Services PMIs The European Common
The release of the European Manufacturing and Services PMIs caused a sharp drop of the Euro. The total decline of the rate from 06:00 GMT to 08:00 GMT was almost 60 base points. Due to that reason, previous forecasts are still valid and the markets wait for the end of the consolidation to see action. German Flash Manufacturing and Services PMIs The
The EUR/USD currency exchange rate has not changed. It is trading almost flat between support near 1.1040 and resistance at 1.1069. Due to that reason, previous forecasts are still valid and the markets wait for the end of the consolidation to see action. Watch out for European PMIs This week there are no more notable data releases expected, which could impact the
Despite the US Federal Reserve cutting interest rates, the EUR/USD remained near the previous trading session levels. On Thursday morning, the EUR/USD was about to test the resistance of a monthly pivot point at 1.1069 and the psychological resistance of 1.1080. No more data during this week. This week there are no more notable data releases expected, which could impact the EUR/USD.
The support of the 1.1000 psychological level was enough to push the EUR/USD currency exchange rate into the 1.1080 level. On Wednesday, the rate bounced off the 1.1080 level and declined down to a cluster of technical levels at 1.1040. Future forecasts were based on what would happen at this level. FOMC Wednesday On Wednesday, September 18, the FOMC Statement and Economic
The EUR/USD has declined below the technical support levels that were located near the 1.1035 level. Namely, the second scenario of Monday has become reality and the currency exchange rate declined down to the 1.1000 level. FOMC on Wednesday On Wednesday, September 18, the FOMC Statement and Economic Projections releases are expected at 18:00 GMT. Note that the Federal Funds Rate data
On Monday, the EUR/USD was looking for support, as it had passed the monthly pivot point, which kept the rate up on Friday. In general, the pair had two possible future scenarios. FOMC on Wednesday On Wednesday, September 18, the FOMC Statement and Economic Projections releases are expected at 18:00 GMT. Note that the Federal Funds Rate data will be published at
During today's morning, the EUR/USD currency pair was trying to breach the resistance level formed by the weekly R1 at 1.1103. Given that the pair is supported by the 55-, 100- and 200-hour moving averages, it is likely that some upside potential could prevail. US Retail Sales at 12:30 GMT This week will end with the US Retail Sales release at 12:30
During today's morning, the EUR/USD currency pair was trying to breach the resistance provided by the 55- and 100-hour moving averages. If the given resistance holds, a reversal south could occur in the nearest future, and the pair could target the psychological level at 1.1000. US CPI at 12:30 GMT This week, there are couple events that could have an impact on
The EUR/USD broke out of the squeeze between the hourly simple moving averages to the upside and touched the upper trend line of a descending channel pattern. On Wednesday morning, the currency exchange rate bounced off the resistance and pierced the support of the 55 and 100-hour SMAs. With that the rate signalled that it is set to decline to the
As it was forecast, the EUR/USD reached the resistance levels at 1.1060. The event was followed by a decline down to the 55-hour simple moving average at 1.1040. In general, the pair was set to be supported by the 55 and 100-hour SMAs and face the resistance of the upper trend line of a channel down pattern near the already mentioned
On Monday morning, the EUR/USD bounced off the support of a weekly pivot point at 1.1015 and began a surge. By the time this review was being done, the rate was located just below the 55-hour simple moving average at 1.1036. If this resistance level would be broken, the rate could surge to the 1.1060 level without meeting any resistance. Busy
During Friday morning, the EUR/USD currency pair was testing the support formed by the 55- and 200-hour SMAs at 1.1030. If the given support holds, it is likely that some upside potential could prevail in the short term. Otherwise, the Euro could decline against the Greenback. US employment data set on focus Today, the US employment data will be published. The event
During Thursday morning, the EUR/USD currency pair was testing the resistance level formed by the 200-hour SMA and the weekly PP at 1.1041. If the given resistance holds, a reversal south could occur soon. Also, the pair could consolidate near the given resistance. US employment data set on focus This week there are a couple of US data releases on the economic calendars that
During Wednesday morning, the EUR/USD currency pair surpassed the 1.1000 level.Given that the pair is supported by the 100-hour moving average, it is likely that some upside potential could prevail in the short run. US employment data set on focus This week there are a couple of US data releases on the economic calendars that are shown as high impact. On Thursday, the US
During Tuesday morning, the EUR/USD currency pair was trading at the 1.0940 level. Given that the pair is still pressured by the 55-, 100- and 200-hour moving averages, it is likely that some downside potential could prevail within the following trading day. US employment data set on focus This week there are a couple of US data releases on the economic calendars that are
During Monday morning, the EUR/USD currency pair traded near the one-year minimum located at 1.0971. Given that the pair has been trading within the falling wedge pattern since the beginning of August, theoretically, it is likely, that a reversal north from the lower pattern line could occur.US employment data set on focus This week there are a couple of US data releases on
A forecast decline occurred. On Friday morning, the EUR/USD had almost reached the 1.1030 level. The rate was pushed down by the hourly simple moving averages, as it as speculated on Thursday. In regards to the near term future, the rate is bound to test the support of the August low level at 1.1030. No more data releases this week This week's data releases