The decline of the Euro against the US Dollar has passed below the support of the 1.0200 mark, the weekly simple pivot point at 1.0193 and the 100 and 200-hour simple moving averages. During the early hours of Wednesday's trading, the currency pair confirmed the weekly simple pivot point as resistance. Meanwhile, it was observed that the 1.0160 level was providing
The EUR/USD eventually reached the resistance of the weekly R1 simple pivot point at 1.0290. The pivot point acted as resistance and a decline followed. By the middle of Tuesday's trading, the currency pair had reached the 1.0220 mark, which acted as support. Economic Calendar Analysis On Wednesday, the US ISM Services PMI at 14:00 GMT might impact the pair through the
On Monday morning, as the month started, the EUR/USD currency pair pierced the last week's high levels near 1.2060. In the meantime, it was spotted that the pair has been moving upwards in a wide channel up pattern since July 27. However, note that the pattern captures both the US Federal Reserve rate hike and the publication of the US
The EUR/USD currency pair has been highly volatile, as it has been reacting to major US fundamental events throughout the week. Namely, the Fed rate hike and monetary policy announcement together with the US GDP have been creating major moves. In general, the pair has been observed to be fluctuating between the support of the 1.0097/1.0115 zone and resistance at
The EUR/USD currency pair found support in the 1.0100 mark and the weekly S1 simple pivot point at 1.0101. In the aftermath of starting a minor recovery, the EUR/USD surge was boosted by the head of the US Federal Reserve Jerome Powell. Namely, the Chairman's comments during the press conference after the US 0.75% rate hike caused a broad sell off
At mid-day on Tuesday, the EUR/USD suddenly plummeted below 1.0200, as the rate sharply declined down to the 1.0110 level. Afterwards, a minor recovery started. By the middle of Wednesday's trading, the rate had reached the 1.0160 level. However, ignore technical analysis for now, as today, at 18:00 GMT, the US Federal Reserve will hike their base interest rate. Depending on
Since the middle of Monday's trading, the EUR/USD appears to have reduced the range of the pair's sideways trading, as the rate has been fluctuating between the 1.0200 and 1.0250 levels. In the meantime, on Tuesday it was observed that the 50 and 100-hour simple moving averages had begun to provide support to the pair. Economic Calendar Analysis This week, all attention
Throughout Friday, the EUR/USD fluctuated between the 1.0150 and 1.2050 levels, despite shortly piercing them. On Monday morning, the pair was trading near the 1.0200 level. In the meantime, it was spotted that the rate was not being impacted by the weekly simple pivot point at 1.0190 and the 50 and 100-hour simple moving averages. Economic Calendar Analysis This week, all attention
As the European Central Bank hiked interest rates more than expected, the Euro surged and immediately tested the 1.0270/1.0280 zone. However, the bank revealed a new central bank tool, which in essence is another way of doing quantitative easing. Namely, the bank initially revealed that it would tighten the supply of the Euro via a 0.5% interest rate and then
The resistance of the 1.2070/1.2080 zone managed to hold and cause a decline, which eventually resulted in the EUR/USD declining below the 1.0200 mark. Economic Calendar Analysis This week, the EUR/USD is set to react to the European Central Bank Monetary Policy Statement release on July 21, Thursday, at 12:15 GMT. On Friday, the pair might react to two data releases. First
The EUR/USD managed to reach above the 1.0190/1.0220 zone and the 1.2050 mark. Resistance was eventually found in the 1.2070/1.2080 zone. Afterwards, a decline to the 1.2020 level occurred and the previous resistance became support. During early Wednesday's trading, the pair was fluctuating between the 1.0220 and 1.0250 levels. Economic Calendar Analysis This week, the EUR/USD is set to react to the
On Monday, the EUR/USD currency pair reached the resistance zone at 1.0190/1.0220 and the weekly R1 simple pivot point at 1.0193. However, it can be spotted that it was the 1.0200 mark, which stopped and reversed the surge of the pair. The event resulted in the rate declining and finding support in the 1.01200 level. Economic Calendar Analysis This week, the EUR/USD
Since reaching parity and declining as low as the 0.9960 level on July 14, the EUR/USD currency pair began a recovery. By the middle of July 18 European trading hours, the currency pair had reached the 1.0150 mark. Economic Calendar Analysis This week, the EUR/USD is set to react to the European Central Bank Monetary Policy Statement releae on July 21, Thursday,
The EUR/USD has continued to decline, as the resistance of the 50-hour simple moving average was enough to cause a move below the 1.0150 mark. On Friday morning, the pair passed below the support of the round exchange rate level and plummeted to the support of the weekly S3 simple pivot point at 1.0074. In the meantime, the pair has revealed
After reaching a new low level at 1.0162, the EUR/USD started a minor recovery. On Thursday morning, the recovery found resistance in the weekly S2 simple pivot point and the 1.0220 level. In the meantime, the pair was being approached by the 50-hour simple moving average. Economic Calendar Analysis On Friday, the United States are scheduled to release their monthly employment data
The plummeting of the EUR/USD on Tuesday was attributed and most likely actually was fueled by various fundamentals like strikes, protests and bad economic data. Eventually, the rate's drop appeared to have stopped near the 1.0250 mark, around which the rate began to trade sideways. However, on Wednesday morning, a new low was touched, as the pair reached below 1.0230. Economic Calendar
On Tuesday morning, at 07:00 GMT, the EUR/USD currency pair plummeted from 1.0440 down to 1.0380 in less than 30 minutes. At the time of writing, it appeared that the support zone at 1.0382/1.0385 was being passed. In general, the exact reason for the drop was unknown. However, note that recent strikes of food producers in the Euro Zone have resulted
At mid-day on Friday, the EUR/USD shortly pierced the support zone at 1.0382/1.0385. However, a recovery followed the event. By the middle of Monday's trading, the pair had recovered to the 1.0450 level. Economic Calendar Analysis Watch out for the Wednesday's Federal Reserve's FOMC Meeting Minutes at 18:00 GMT. On Thursday, the ADP Non-farm Employment Change might impact the markets through the value
The EUR/USD has revealed a support zone at 1.0382/1.0385 and resistance at 1.0485/1.0488. During the first half of Friday's trading, the pair was fluctuating near the 1.0450 level. Economic Calendar Analysis On Friday, note the US ISM Manufacturing PMI at 14:00 GMT. Next week, watch out for the Wednesday's Federal Reserve's FOMC Meeting Minutes at 18:00 GMT. On Thursday, the ADP Non-farm Employment Change
At mid-day on Thursday, the EUR/USD passed below the 1.0400 mark. By 12:00 GMT, the pair was heading lower, as it had no support as low as the weekly S3 simple pivot point at 1.0342 and the 2017 low level at 1.0340. Economic Calendar Analysis On Friday, note the US ISM Manufacturing PMI at 14:00 GMT. EUR/USD hourly chart's review If the pair finds
The resistance zone at 1.0600/1.0607 held and the EUR/USD eventually passed below various support levels. During the early hours of Wednesday's trading, the pair had shortly traded below the 1.0500 mark. Meanwhile, resistance was found in the combination of the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point at 1.0542. Economic Calendar Analysis The pair might react
At mid-day on Monday, the EUR/USD reached above the 1.0600/1.0607 zone. However, resistance was immediately encountered in the weekly R1 simple pivot point at 1.0616. During the first half of Tuesday's trading hours, the pair was fluctuating below the 1.0600 mark and the 1.0570 level. Meanwhile, the pair was being approached by the support of the 50-hour simple moving average. Economic
The EUR/USD currency pair remains below the 1.0600 mark. Note that there is a resistance zone at 1.0600/1.0607. Meanwhile, technical support is located at 1.0535/1.0542. At that zone, the 50 and 100-hour simple moving averages, the weekly simple pivot point and a support trend line are located at. Economic Calendar Analysis On Wednesday, note the German Consumer Price Index data and the
The EUR/USD managed to surge through the resistance of the 1.0500 mark and eventually reached the combined resistance of the 1.0600 mark and the weekly simple pivot point at 1.0598. The resistance held and by the middle of Friday's trading, the rate had retraced down and found support in the 1.0500 mark. Economic Calendar Analysis During the week, the rate might react