On Monday, the EUR/USD currency exchange rate was heading to the resistance of the round exchange level of 1.2000. Future forecasts were based upon what would happen at this 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 to 40.0
On Friday, the EUR/USD was being pushed up by the 55-hour SMA into the resistance of the weekly R2 simple pivot point. Future forecasts were based upon whether the SMA manages to push the rate above the pivot point. Economic Calendar Analysis Next week, on Tuesday, the EUR/USD currency exchange rate could be impacted by the 15:00 GMT publication of the US
On Thursday morning, the EUR/USD reached the resistance of the 1.1940 level, which caused a decline of the currency exchange rate. By the middle of Thursday's trading hours, the currency pair was approaching the support levels that were located near the 1.1900 level. Economic Calendar Analysis There are no more notable events scheduled for this week. However, one can research the events
The surge of the EUR/USD managed to once again pass the resistances located from 1.1890 to 1.1900. On Wednesday morning, the rate managed to touch the 1.1930 level. In regards to the near term future, the rate was expected to test the resistance of the weekly R2 simple pivot point at 1.1936. Economic Calendar Analysis At 12:30 GMT the usual US
On Monday, a sudden surge of the USD occurred, which was attributed to the announcement of a new coronavirus vaccine. As a result, the EUR/USD currency exchange rate plummeted to the 1.1800 level. By the start of the US trading on Tuesday, the rate had recovered and had once again tested the previously broken resistance zone near 1.1890 and
The EUR/USD started the week by finding support in the 55 and 100-hour SMA and afterwards surging to the resistance zone near 1.1890. By the middle of the day, the zone was passed, as the rate pierced it at 11:00 GMT. In the near term future, the pair was expected to test the combined resistance of the weekly R1 simple
The 1.1820 level provided enough support to the EUR/USD currency exchange rate for it to surge and once again test the resistance of the 1.1890 level. On Friday, the rate had bounced off this level and declined to the 1.1850 mark. Economic Calendar Analysis Next week, the top of the tops day will be Monday. On that day, Markit PMIs are scheduled
On Wednesday, the EUR/USD currency exchange rate failed to pass the resistance of the 1.1890 level, which provided enough resistance for the pair to start a decline. By the middle of Thursday's GMT trading hours, the currency exchange rate had reached below all close by technical support levels and touched the 1.1820 mark. Economic Calendar Analysis On Thursday, expect the usual US
The support of the hourly moving averages managed to push the EUR/USD up. By the middle of Tuesday's European trading hours, the pair had passed the resistance zone near the 1.1870 level. Meanwhile, analysts spotted a channel up pattern on the chart, which captures the rate's surge that has been occurring since November 11. Economic Calendar Analysis Notable data releases start on
On Monday, the EUR/USD reached the 1.1870 level, from which it bounced off to retreat to the new weekly simple pivot point at 1.1835. In the meantime, the currency exchange rate was being approached by the support of the 55, 100 and 200-hour simple moving averages. Economic Calendar Analysis Notable data releases start on Tuesday. At 13:30 GMT, expect the US Retail
On Friday morning, the EUR/USD traded sideways above the 1.1800 mark. However, the rate had passed the resistance of the 100-hour SMA. In addition, the pair was being approached by the support of the 200-hour SMA. In regards to the near term future, the currency exchange rate was expected to surge due to the support of the 55 and 200-hour
On Thursday, the EUR/USD surged, as it found support in the 1.1760 level. In the meantime, note that the 1.1750 stopped the rate's Wednesday's decline. By the middle of Thursday's European trading hours, the EUR/USD passed the resistance of the weekly pivot point at 1.1790 and the 55-hour SMA at 1.1798. Next resistance was the 100-hour SMA. Economic Calendar Analysis During the
Tuesday's scenarios did not become reality, as a sharp two hour decline prior to mid-day Tuesday GMT trading hours occurred. During the decline, the rate passed the support of the 100-hour SMA and the 1.1800 mark. At the middle of Wednesday's European trading hours, the currency exchange rate was located below the 1.1790 level, where a weekly simple pivot point
The resistance of the 1.1900 level held on Monday, as the rate bounced off it after a last attempt to clearly pass it. This resulted in a decline, which pushed through the support of the 55-hour simple moving average. The decline ended at the 1.1800 mark, which was supported by the 100-hour simple moving average. Economic Calendar Analysis During the week,
The EUR/USD reached the 1.1900 mark, as expected. Although, no notable moves occurred in the aftermath of reaching the resistance level, as the rate began to trade sideways just below it. In the near term future, the rate could be pushed up by the support of the 55-hour simple moving average. Economic Calendar Analysis During the week, on Thursday, at 13:30 GMT
The 1.1850 level provided the EUR/USD currency exchange rate with resistance throughout Thursday. However, on Friday morning, the currency exchange rate passed this level and aimed at the 1.1900 mark. Future forecasts were based upon what would happen at the 1.1900 mark. Economic Calendar Analysis On Friday, the US are publishing their monthly employment statistics. Among them will be the Average Earnings,
The EUR/USD surge on Wednesday was slowed down by the resistance of the 1.1740 level. On Thursday morning, the resistance was broken and the rate surged above the 1.1800 mark. By the middle of Wednesday's GMT trading hours, the pair had no resistance as high as 1.1900. Economic Calendar Analysis On Thursday, expect the weekly US Unemployment Claims to cause a minor
At GMT midnight, when the polls closed in the US Presidential Election, the EUR/USD dropped from 1.1770 to 1.1605. However, afterwards the pair recovered and reached back up to the 1.1700 mark. In regards to the near term future, it appeared that the rate would slightly respect technical levels until the final results of the US Elections are announced. Economic Calendar
The resistance of the 55-hour SMA failed to continue the decline of the EUR/USD. Instead, the rate began a surge, which reached the 1.1700 level on Tuesday morning. In the meantime, the currency exchange rate had passed the resistance of the monthly simple pivot points and the 100-hour SMA. Economic Calendar Analysis US Elections on Tuesday are bound to take away all
The EUR/USD started the week's trading with reaching a new low level just above the 1.1620 mark. In the near term future, the decline was expected to continue, as the rate had no technical support as low as 1.1574 and the rate was being approached by the resistance of the 55-hour SMA. Economic Calendar Analysis US Elections on Tuesday are bound to
On Thursday, the EUR/USD passed the support of the 1.1700 mark and reached a new low level at 1.1650. This level provided enough psychological support for the rate to begin a consolidating retracement up. At the start of Friday's trading, the surge ended and, during the first half of the day, the rate declined. Economic Calendar Analysis Next week, US Elections on
On Wednesday, the EUR/USD found support in the 1.1720 level, which caused a surge back up to the 1.1760 level. On Thursday morning, the pair bounced off the 1.1760 level and began a new decline. Economic Calendar Analysis On Thursday, at 12:30 GMT two events will be released that the financial media will talk about. However, recently both of them have not
The EUR/USD has broken out of the triangle pattern to the downside. By the middle of Wednesday's GMT trading hours, the currency exchange rate had reached the 1.1740 mark. Moreover, the pair had no support as low as the 1.1707 level, where a 61.80% Fibonacci retracement level was located at. Economic Calendar Analysis On Tuesday, the US Durable Goods Orders and Core
On Tuesday morning, a triangle pattern was spotted on the hourly chart of EUR/USD. On Tuesday morning, the rate appeared to be making an attempt to break out of the pattern to the downside. The near term future scenarios were based upon whether or not a breakout occurs. Economic Calendar Analysis On Tuesday, the US Durable Goods Orders and Core Durable Goods