The 1.2350 level managed to provide enough resistance to the EUR/USD for it to decline. Eventually, after two attempts to pass the resistance, on Thursday morning, the rate plummeted to the 1.2250 level. During the drop, the rate passed the support of the hourly simple moving averages and the weekly R1 simple pivot point. Economic Calendar Analysis On Wednesday, the FOMC Meeting Minutes
On Wednesday morning, the EUR/USD managed to break the resistance of the 1.2310 level. It resulted in a surge to the 1.2350 mark. In regards to the near term future, the currency exchange rate was expected to continue its surge. Economic Calendar Analysis On Wednesday, the FOMC Meeting Minutes are set to be released at 19:00 GMT. Expect a minor move from
The Monday's surge of the EUR/USD failed to pass the resistance of the 1.2310 level, which has kept the rate down since December 30. This event was followed by a retracement down to the 1.2250 level. By the middle of Tuesday's European trading hours, the rate had bounced off the 1.2250 mark and surged. Economic Calendar Analysis The first week of the
The EUR/USD started the year's trading with a gap up and a following surge, which by the middle of the day's European trading had reached the 1.2300 mark. In the near term future, the rate's surge was expected to test the previous week's high level of 1.2310. Economic Calendar Analysis The first week of the year is bound to have notable data releases.
Instead of trading sideways, the EUR/USD reached new heights and broke technical resistance levels. On Wednesday, the rate reached the 1.2300 level and was expected to reach even higher. A potential surge of the rate could reach for the resistance of the weekly R2 simple pivot point at 1.2323. Economic Calendar Analysis The first week of the year is bound to have notable
On Tuesday morning, the EUR/USD passed the resistance of the 1.2250 level. However, it did not result in a surge, as the rate still faced the resistance of December high levels and the weekly R1 simple pivot point at 1.2262. In regards to the near term future, the rate was likely set to trade sideways until it is approached by additional
The EUR/USD has broken the resistance of the descending trend line, which kept the rate down since December 17. However, the surge ended at the resistance of the 1.2250 mark. The near term future, was dependant on what would happen at the round exchange rate level. Economic Calendar Analysis On Thursday, at 13:30 GMT, the US Jobless Claims could cause a minor move
On Tuesday, the EUR/USD bounced off the resistance line that has kept it down since December 17 and declined. The decline eventually reached the support of the 1.2150 level, which was strengthened by the weekly S1 simple pivot point. In regards to the near term future, the rate could bounce between the 1.2150 mark and the mentioned resistance line until next
The EUR/USD ended Monday's high volatile trading at the 1.2240 level, where it met with the resistance of a descending trend line. By the middle of the day's European trading hours, the currency exchange rate had declined and passed the support of three technical levels. Due to that reason, the minor decline was expected to continue. Economic Calendar Analysis The week of
The EUR/USD started the week's trading with a 100 base point volatility between 1.2130 and 1.2230. In the meantime, it appeared that the rate was ignoring technical levels. It occurred due to the fact that major fundamental events were going on. Namely, the EU and UK trade talks impacted the Euro. Meanwhile, a $900 billion stimulus package was set to be
Despite the drop, which was caused by the FOMC statement late on Wednesday, the EUR/USD currency pair continued its surge. However, note that the pair remains under pressure of the weekly R3 at 1.2277. The Euro depreciated against the US Dollar, following the FOMC Statement release on Wednesday at 19:00 GMT. The EUR/USD exchange currency rate lost 43 pips or 0.36%
Despite the drop, which was caused by the FOMC statement late on Wednesday, the EUR/USD continued its surge. By the middle of Thursday's European trading hours, the currency exchange rate had reached the 1.2260 level. The Euro depreciated against the US Dollar, following the FOMC Statement release on Wednesday at 19:00 GMT. The EUR/USD exchange currency rate lost 43 pips or
The Euro appreciated against the US Dollar, following the German Flash PMIs survey results release on Wednesday at 08:30 GMT. The EUR/USD exchange currency rate gained 40 pips or 0.33% after the release. The Euro continued trading at the 1.2200 level against the Greenback after the release. Markit released the German Flash Manufacturing PMI survey results, which came out better-than-expected of
The EUR/USD failed to pass the resistance zone of 1.2160/1.2177 on Monday. Moreover, by the middle of Tuesday's trading hours, the currency exchange rate had made three more attempts to pass this zone. In the meantime, it was spotted that the currency exchange rate was supported by the 55, 100 and 200-hour simple moving averages. Economic Calendar Analysis The week in itself
On Friday, the EUR/USD failed at its second attempt to pass the resistance of the 1.2160 level. The resistance held and the pair retreated to the 1.2110 level. This level provided the rate with support and stopped the decline. On Monday, the rate started the week with a surge, as it opened with a gap up and continued with a surge.
The surge of the EUR/USD managed to pass technical resistance levels and surge to 1.2160. This level provided the currency pair with resistance and stopped the rate's Thursday surge. Moreover, another attempt to pass this level failed on Friday morning. In regards to the near term future, the pair could be pushed up by the support of the 55, 100 and
Eventually, the support of the 1.2100 failed on Wednesday, as the rate declined even below the support levels that were located at the 1.2075 mark. The rate's decline ended at the 1.2060 level, which provided enough support for the rate to surge to the 1.2110 mark By the middle of the day's European trading hours, the rate had begun to trade
The support of the 2017 low level at 1.2100 held on Tuesday, and the rate remained above it. Moreover, on Wednesday morning, there was a surge through the resistance of the 55 and 100-hour simple moving averages up to the 1.2150 mark. By the middle of the day's European trading hours, the rate was once again approaching the support of the
The EUR/USD bounced off the resistance of the 1.2160 mark on Monday. It resulted in a decline below the 55 and 100-hour simple moving average. Throughout Tuesday's trading hours, the currency exchange rate fluctuated between the psychological support of the 1.2100 level and the resistance of the 55 and 100-hour simple moving averages. Economic Calendar Analysis There are couple events that could affect
The EUR/USD started the week's trading with a sharp decline, as it retraced back down to the 1.2080 mark before European mid-day trading. In the near term future, the rate was expected to look for support in the 1.2080 mark, which proided resistance on December 2, and the weekly simple pivot point at the 1.2075 level. Economic Calendar Analysis There are couple events
The surge of the EUR/USD continues, as the currency exchange rate has passed the 1.2150 level. On the hourly candle chart there was only one technical resistance level left. Namely, the weekly R3 simple pivot point was located at the 1.2185 mark. In the meantime, the rate has surged too sharply in the recent past, which indicates that a retracement back
The surge of the EUR/USD continues, as the currency exchange rate has passed the 2017 high level of 1.2100. On the hourly candle chart there was only one technical resistance level left. Namely, the weekly R3 simple pivot point was located at the 1.2185 mark. In the meantime, the rate has surged too sharply in the recent past, which indicates that
The rate managed to pass the resistance of the 1.2000 level. Moreover, the weekly R1 simple pivot point at 1.2020 did not stop the rate's following surge. On Wednesday morning, the currency exchange rate had bounced off the resistance of the 1.2080 mark, which was strengthened by the weekly R2 simple pivot point at 1.2075. Economic Calendar Analysis On Wednesday and Thursday, the
In general, the EUR/USD has bounced off the resistance of the 1.2000. However, the pair has already found support and is set to make another attempt at the round exchange rate level. Economic Calendar Analysis On Tuesday, the EUR/USD currency exchange rate could be impacted by the 15:00 GMT publication of the US ISM Manufacturing PMI. The pair has moved from 9.1