The EUR/USD found support in the zone of the mid-April high levels before starting a surge. By the start of the Friday's US trading hours, the currency exchange rate had already reached the resistance of the weekly R2 simple pivot point, which reversed the rate's surge on April 20. Economic Calendar Analysis Next week, on Wednesday, all of the markets will move
EUR/USD currency exchange rate found support in the 100-hour simple moving average on Wednesday and began a recovery. By the middle of Thursday's trading, the pair continued to be pushed up by the 100-hour SMA. Economic Calendar Analysis On Friday, all Euro pairs are set to be impacted by the monthly release of the Markit Purchasing Managers Indices. Starting from 07:15 GMT
By the middle of Wednesday's European trading hours, the EUR/USD currency exchange rate had declined to the support of the 100-hour simple moving average and the 1.2000 mark. Economic Calendar Analysis On Thursday, the European Central Bank is set to make a rate statement and release its monetary policy statement. This event is set to reveal how the central bank would manage
The surge of the EUR/USD eventually reached the resistance of the 1.2080 mark and the weekly R2 simple pivot point at 1.2075. Afterwards, the rate declined and reached the support of the weekly R1 simple pivot point at 1.2032. In the near term future, it was expected that the pair could test the resistance of the 1.2080 mark. Economic Calendar Analysis On Thursday,
At the start of Monday's trading, the EUR/USD started a surge, which by the middle of the day had almost reached the 1.2050 mark. The surge started in the aftermath of the rate finding support in the zone below the 1.1950 mark. Economic Calendar Analysis On Thursday, the European Central Bank is set to make a rate statement and release its monetary
Instead of surging to the 1.2000 level the EUR/USD declined to the support of the 55-hour simple moving average. Moreover, at the start of Friday's GMT trading hours, the rate passed the support of the SMA. During the early hours of the day, the rate traded below the combined resistance of the 55-hour SMA and the weekly R1 simple pivot point
The EUR/USD has passed the resistance of the weekly R1 simple pivot point at 1.1974. However, by the middle of European trading hours, the rate had not reached the 1.2000 level. In the near term future, the rate was expected to reach the 1.2000 mark and test its resistance. Economic Calendar Analysis On Thursday, the US Retail Sales and Core Retail Sales are
During Tuesday's afternoon, the EUR/USD broke the resistance cluster near the 1.1940 level. By the middle of Wednesday's trading hours, the currency exchange rate had reached the resistance of the weekly R1 simple pivot point at 1.1974. Economic Calendar Analysis On Thursday, the US Retail Sales and Core Retail Sales are also bound to influence the value of the US Dollar. The rate
By the middle of Tuesday's trading hours, the EUR/USD had remained near the 1.1900 level. The rate has been trading between the 1.1920 level and the support zone at 1.1890/1.1870 since Friday. Economic Calendar Analysis On Tuesday, the US Consumer Price Index and Core Consumer Price Index could cause moves on all USD assets and pairs. The EUR/USD has moved from 8.7
The EUR/USD started the week by once again confirming the support of the 1.1890/1.1870 zone. It was followed up by another surge, which could test the resistance of the March 22 high levels near 1.1940. Economic Calendar Analysis On Tuesday, the US Consumer Price Index and Core Consumer Price Index could cause moves on all USD assets and pairs. The EUR/USD has moved
On Thursday, the support of the 55-hour simple moving average managed to push the EUR/USD up, as just before mid-day the rate started a surge. However, on Friday morning the rate bounced off the 1.1920 level and retraced back to the combined support of the 55-hour SMA and the zone near 1.1880. Economic Calendar Analysis Notable events for this week are over. Next
The EUR/USD pierced the resistance zone near the 1.1880 level. However, the following surge was stopped by the 1.1915 level and the rate retraced back down to look for support. The needed support to resume the surge could be provided by the 55-hour simple moving average, which on Thursday had reached above the 1.1860 level. Economic Calendar Analysis Notable events for this week
On Tuesday, the EUR/USD managed to break the resistance of the zone near the 1.1840 level. It resulted in a surge to the 1.1880 zone, which held the rate down from 18:00 GMT up to the time of writing 11:00 GMT. In the meantime, it was spotted in the sentiment numbers that a portion of traders had taken profits from the
On Tuesday, the EUR/USD reached the zone at 1.1835/1.1845 that slowed down the rate's surge in late March and managed to reverse the early March decline. In addition, this zone was being strengthened by the weekly R1 simple pivot point at 1.1848. Future forecasts were dependant on whether or not the resistance levels hold. Economic Calendar Analysis On Wednesday, at 19:00 GMT, the
On Thursday, the EUR/USD broke the resistance zone above the 1.1760 level. During the US trading hours, the rate was heading to 1.1800. The future scenarios are based on what would happen at this level. Economic Calendar Analysis The current week will end on Friday with the top event, as the US Employment data is set to be released at 13:30 GMT.
During the early hours of Wednesday's trading hours, the EUR/USD found support in the 61.80% Fibonacci retracement level at the 1.1705 level. It resulted in a surge, which was heading to the resistance of the 55-hour simple moving average. Economic Calendar Analysis On Wednesday, at 13:15 GMT, the US ADP Non-Farm Employment Change is set to be released. This event has caused
During the early hours of Tuesday's trading, the support of the 1.1763 level failed and the EUR/USD declined. By the middle of the day, the rate had reached below the 1.1750 mark. Economic Calendar Analysis On Wednesday, at 13:15 GMT, the US ADP Non-Farm Employment Change is set to be released. This event has caused EUR/USD moves from 4.3 to 15.7 pips since
Since Friday, the EUR/USD has been kept down by the combined resistance of the 1.1800 level and the 55-hour simple moving average. In the meantime, it was spotted that since Thursday the rate has been finding support in the 1.1763 level. In the near term future, the rate was expected to get squeezed into the 1.1763 level by the declining 55-hour
The decline of the EUR/USD continued, as the 1.1800 level was passed on Thursday and the rate reached the 1.1762 level. The rate rebounded from the 1.1762 mark and began a recovery. By the middle of Friday's European trading hours, it appeared that the EUR/USD could test the resistance of the 1.1800 level. Economic Calendar Analysis Next week, on Wednesday, at 13:15
The decline of the EUR/USD reached the 1.1800 mark during early Thursday's trading hours. The near term future depended on whether or not the 1.1800 level and the weekly S2 at 1.1808 provide support to the currency exchange rate. Economic Calendar Analysis On Thursday, the week will end for EUR/USD macro events, as the US Final GDP is set to be released
On Tuesday, the support of the 1.1875/1.1885 zone failed to keep the rate up. In addition, the currency exchange rate passed the support of the weekly S1 simple pivot point at 1.1856. On Wednesday, it appeared that the 1.1850 level was providing resistance to the rate. Meanwhile, by the middle of the day the rate had reached below 1.1820. Economic Calendar Analysis On
Despite piercing the resistance of the 1.1940 the EUR/USD failed to reach the 1.1950 mark and started a decline. This attempt provided the opportunity to adjust the width of the resistance zone that surrounds the 1.1940 level. By the middle of Tuesday's European trading hours, the currency exchange rate had reached the support of the 1.1875/1.1885 zone. Near term future forecast
During Monday's early trading hours, the EUR/USD found support in the 1.1875/1.1885 zone and began a recovery. By the middle of the day's GMT trading hours, the pair had reached above a technical resistance cluster at 1.1910/1.1930. Economic Calendar Analysis Notable macroeconomic events will start on Wednesday. From 08:15 up to 09:00 the Markit Services and Manufacturing Purchasing Managers Indices would be
Despite piercing the support of the 1.1910/1.1915 zone, the rate did not decline, as it found support in the 1.1900 level. During the morning hours of Friday's European trading, the rate was testing the resistance of the three hourly simple moving averages and the weekly simple pivot point in the 1.1920/1.1930 range. Economic Calendar Analysis Next week, notable macroeconomic events will start on