On Monday, the EUR/USD was consolidating just above the monthly pivot point at 1.1220. Although, by the middle of the day, the support of the pivot point was being tested. In general, the future forecasts scenarios were based on what will happen near the monthly pivot point. Latest Fundamental Event Report The European Common Currency depreciated against the US Dollar, following the US
During Friday's morning, the EUR/USD currency pair breached the support level formed by the weekly S3 at 1.1275. Given, that the pair is pressured by the 55- and 100-hour moving averages, located circa 1.1290, it is expected, that some downside potential could prevail. Latest Fundamental Event Report The European Common Currency traded sideways against the US Dollar, following the US ISM Non-Manufacturing PMI
The EUR/USD currency pair has been trying to surpass the support level - the weekly S3 at 1.1275 since Tuesday. Given, that the pair is pressured by the 55-hour moving average, it is likely, that some downside potential could prevail in the market. Also, it is unlikely, that high volatility could occur, as the US market is closed today. Latest Fundamental Event
The EUR/USD currency pair has been trying to surpass the support level - the weekly S3 at 1.1275 since yesterday. Given, that the pair is pressured by the 55-hour moving average, it is likely, that some downside potential could prevail in the market. Latest Fundamental Event Report The European Common Currency depreciated against the US Dollar, following the US ISM Manufacturing PMI data
The decline of the EUR/USD resumed after a short surge on Monday. During the early Tuesday trading hours the rate had reached down to the support of the weekly S3 at 1.1275. By the middle of the day, the rate had started a recovery, which was expected to reach the 1.1300 level. Latest Fundamental Event Report The European Common Currency depreciated against the
The EUR/USD dropped on Monday morning to the support of a weekly pivot point at 1.1316. The drop occurred due to the USD gaining value, as the US restarted trade talks with China. The rate is expected to consolidate by trading sideways or surging up to the 1.1340 level. Latest Fundamental Event Report The European Common Currency traded sideways against the US Dollar,
On Friday morning, the EUR/USD currency pair was trading at the 1.1390 level. Note, that the pair is supported by the 55- and 100-hour SMAs, located circa 1.1370, thus, some upside potential could prevail in the market. Latest Fundamental Event Report The European Common Currency traded sideways against the US Dollar, following the US Final GDP data release on Thursday at 12:30 GMT.
On Thursday morning, the EUR/USD still traded near the 1.1360 level. However, the pair had passed the support of the 100-hour simple moving average. In general, the rate had no technical support as low as 1.1329. Although, note that this might be a false break out, as the rate had made two false break outs from the yesterday described squeeze. Latest Fundamental
On Wednesday morning, the EUR/USD ended the surge, which was occurring for a week. Namely, it broke the support of the ascending pattern and the 55-hour simple moving average. The rate had fulfilled the second of the previously speculated scenarios by declining down to the 100-hour simple moving average, which on Wednesday was located near the 1.1350 level. In general, the rate
The EUR/USD has reached the previously set target at 1.1410. At that level the rate met with the resistance of a monthly pivot point. In general, the rate was expected to trade sideways until it finds technical support in the lower trend line of an ascending channel pattern and the 55-hour simple moving average. Latest Fundamental Event Report The European Common Currency appreciated
On Monday morning, the EUR/USD was located just above the 1.1380 level and had no resistance up to the 1.1400 level. However, it also had no technical support that could push it up. Meanwhile, note that the central bank caused EUR/USD has been occurring in an ascending channel pattern, which clearly shows the volatility borders of the surge. Latest Fundamental Event Report The
On Friday morning, the EUR/USD continued the consolidation, which it started at the end of the Fed's caused surge. In general, the rate is expected to resume its surge after it ends the sideways trading. Latest Fundamental Event Report The European Common Currency appreciated against the US Dollar, following the US FOMC Statement and Federal Funds Rate data release on Wednesday at 18:00
The Federal Reserve Monetary Policy announcements on Wednesday have caused a surge of the EUR/USD due to the weakness of the USD. By the middle of Thursday's trading session the rate had reached the 1.1300 level, where it encountered a weekly pivot point. A report on the FOMC announcement will be available in the Fundamental Analysis section during Thursday's London trading session. Latest
In the aftermath of the Draghi caused drop the EUR/USD found support in a monthly pivot point at 1.1180 and retraced back to the 1.1200 level. The 1.1200 level, where a 38.20% Fibonacci retracement level was located at, was providing resistance. In general, the rate was expected to resume its decline as soon as the 55-hour SMA approaches from the above
In a sharp drop the EUR/USD pierced the support of the 1.1200 level on Tuesday. The move was caused by two events. The President of the European Central Bank confirmed in a speech that the money creation schemes done in the Eurozone will continue. Namely, there will be more Euro in circulation. Moreover, the decline was strengthened by bad sentiment data from
The EUR/USD currency exchange rate began the week by trading above the support of the 1.1200 level. At that level a 38.20% Fibonacci retracement level was located at. Moreover, the 1.1200 level has been working as a psychological level throughout the recent past. Latest Fundamental Event The European Common Currency depreciated against the US Dollar, following the US Retail Sales data release
Yesterday, the EUR/USD currency pair declined to the lower boundary of the short-term ascending channel at 1.1284. During today's morning, the pair was testing the given channel. From a theoretical perspective, a reversal north could occur soon. Latest Fundamental Event The European Common Currency appreciated against the US Dollar, following the US CPI data release on Wednesday at 12:30 GMT. The EUR/USD exchange
Since yesterday, the EUR/USD currency pair has been testing the resistance level formed by the monthly R2 at 1.1338. If the given resistance does not hold, it is likely, that the pair could reach the psychological level at 1.1360. Latest Fundamental Event The European Common Currency appreciated against the US Dollar, following the US Employment data set release on Friday at
During the previous trading session the EUR/USD currency pair traded sideways along the 55-hour SMA. On Tuesday morning, the exchange rate continued to trade sideways along the given support. Also, note, that the pair is supported by the 100-hour SMA, currently located at 1.1285. Thus, it is unlikely, that some downside potential could prevail in the market in the nearest
During the previous trading session the EUR/USD fluctuated between the 1.12 and 1.13 levels. The volatility was high due to the European Central Bank making a rate statement and hosting a press conference. On Friday morning, the currency exchange rate was looking for support near the 1.1250 level. There it was bound to rebound and make another attempt to pass
After touching the 1.1300 level on Wednesday, the EUR/USD declined after encountering this level. The decline stopped at the combined support of the 100-hour SMA and a pivot point at 1.1218. In general, the rate was expected to get squeezed in between 1.1220 and 1.1250. Latest Fundamental Event The European Common Currency depreciated against the US Dollar, following the US ISM Non-Manufacturing PMI
On Wednesday, the EUR/USD pair was testing the resistance of the 1.1280 level, which stopped the rates surge previously. At that level the 100-day simple moving average was located at. Due to that reason the daily candle chart is the one to be watched during the day. Latest Fundamental Event The European Common Currency depreciated against the US Dollar, following the US
On Monday, the EUR/USD broke the resistance of a junior pattern and jumped up to the 1.1260 level before it paused the surge. On Tuesday, a consolidation was taking place, which could be followed by a continuation of the surge of the pair. Latest Fundamental Event The European Common Currency depreciated against the US Dollar, following the US ISM Manufacturing PMI data
The EUR/USD has managed to pass the resistance of the hourly candle chart's simple moving averages. Namely, it has reached the resistance of the 1.1190 level on Monday morning. In general, the rate is being squeezed in between technical support levels at 1.1165 and the resistances at 1.1180 and 1.1190. Latest Fundamental Event The European Common Currency traded sideways against the US