The EUR/USD has reacted to US fundamentals. Namely, the speech of Jerome Powell revealed that the Chairman of the United States Federal Reserve is considering earlier end of interest rate hikes. This indicates that the base rate of the USD would be lower than previously expected. As a result, the USD sharply declined. By the start of Thursday's European trading hours,
The EUR/USD currency exchange rate has declined below the combination of the weekly simple pivot point and the 200-hour simple moving average. However, support was eventually found in the 1.0320 level. By mid-Wednesday, the pair had almost recovered to the 1.0400 mark. Economic Calendar Analysis The day will end with a speech of the US Federal Reserve Chairman Jerome Powell at the
Despite the high volatility experienced on Monday, the EUR/USD has returned to trade between the 1.0350 and 1.0400 levels. On Tuesday morning, the pair was finding support in the 200-hour SMA and the weekly simple pivot point near 1.0350. On the other hand, resistance was found in the combination of the 50 and 100-hour simple moving averages near 1.0400. Economic Calendar
By the middle of Friday's trading, the EUR/USD had passed below the combined support of the 1.0400 mark and the 55-hour simple moving average. Economic Calendar Analysis This week notable events are over. Next week, starting with Tuesday, the scheduled fundamental events will start to impact the financial markets. At 15:00 GMT, the CB Consumer Confidence could impact the US Dollar's value. On
Due to a broad decline of the US Dollar, the EUR/USD rate has reached a new high level at 1.0448. At that level, the combined resistance of the 1.0450 mark and the weekly R1 simple pivot point at 1.0446 caused a retracement downwards. By the middle of Thursday's European trading hours, the rate had reached the 1.0400 mark. Economic Calendar Analysis This
The EUR/USD has continued to recover, as on Wednesday morning the pair reached above 1.0340. During the ongoing surge it was noted that the 50, 100 and 200-hour simple moving averages could barely impact the currency pair's direction. Namely, the SMAs acted as support or resistance only a couple of hours. Economic Calendar Analysis On Wednesday, at 13:30 GMT, the financial markets
The EUR/USD has found support in the 1.0223/1.0226 range. This range provided enough support for the pair to reach above 1.0250. On Tuesday morning, the currency exchange rate was heading to the 50 and 200-hour simple moving averages near 1.0290/1.0300. Economic Calendar Analysis The Euro's value might adjust to the Wednesday's publication of the European Services and Manufacturing Purchasing Managers Indices in
On Monday, the EUR/USD passed below the 200-hour simple moving average near 1.0280, the 1.0250 mark and the weekly S1 simple pivot point at 1.0236. Economic Calendar Analysis The Euro's value might adjust to the Wednesday's publication of the European Services and Manufacturing Purchasing Managers Indices in the span from 08:15 up to 09:00 GMT. On Wednesday, at 13:30 GMT, the financial markets
The situation on the EUR/USD charts remains almost unchanged. On Thursday, the 100-hour simple moving average had caught up with the pair and was acting as support near 1.0350. Economic Calendar Analysis Next week, the Euro's value might adjust to the Wednesday's publication of the European Services and Manufacturing Purchasing Managers Indices in the span from 08:15 up to 09:00 GMT. On Wednesday,
The EUR/USD has found support in the 50-hour simple moving average, which has been strengthening the 1.0350 level. The combination of these levels was enough to start a surge. Economic Calendar Analysis This week, the US Retail Sales data release might impact the financial markets through the value of the US Dollar. The data is scheduled to be published on Wednesday at
Initially, markets saw something bearish to the USD in the Federal Reserve rate hike. The EUR/USD surged and almost reached the 1.0000 mark. However, as the Chairman of the Federal Reserve Jerome Powell hosted the Press Conference, he explained that the Federal Reserve is not about to pivot and stop the monetary tightening policy. This resulted in a drop of
Despite initially holding, the support of the lower trend line of the channel up pattern and the 1.0000 mark failed. By the middle of Friday's trading, the pair had reached below 0.9950. Economic Calendar Analysis During the week, it is all about the US Dollar associated fundamental data, surveys and central bank policy. Only exception is the Bank of England rate decision
The reaction to the ECB interest rate hike was a decline of the Euro against other currencies. On the EUR/USD chart it resulted in a piercing of the combined support of the 1.0000 mark, the 50-hour simple moving average and the weekly R2 simple pivot point at 0.9985. However, by 14:00 GMT, the pair was observed to have recovered back
Since finding support in the 0.9700 level on Friday, the EUR/USD has been recovering. Most recently, the rate encountered resistance in the 1.0050 level and support was provided by the 1.0000 mark. Economic Calendar Analysis On Thursday, the Euro will react to the European Central Bank's announcement of the Main Refinancing Rate and the follow up press conference. The publication of the
On Monday morning, the EUR/USD confirmed that the 0.9900 level can act as resistance, as the pair bounced off it. Economic Calendar Analysis On Monday, look out for the Markit Services and Manufacturing sector Purchasing managers Indices. The European release is set to occur from 07:15 up to 08:00 GMT. The UK data will be out at 08:30 GMT. US results will
On Friday morning, the EUR/USD bounced off the 0.9800 mark and declined below the support of the 200-hour simple moving average near 0.9765. By the middle of the day, the rate was approaching the support of the weekly simple pivot point at 0.9719 and the 0.9708/0.9715 zone. Economic Calendar Analysis On Monday, look out for the Markit Services and Manufacturing sector Purchasing
On Thursday morning, the EUR/USD found support in the 200-hour simple moving average near 0.9755. The support was enough to cause a retracement to the combined resistance of the levels near 0.9800. Namely, the 0.9800 mark, the 100-hour SMA and the 50-hour SMA were located at 0.9795/0.9810. Economic Calendar Analysis This week, there is only one notable scheduled event, which could impact
On Wednesday, the EUR/USD declined below the support levels near 0.9800 and reached the 0.9760 level. During the second part of the day the pair fluctuated between the 0.9760 and 0.9800 levels. Economic Calendar Analysis This week, there is only one notable scheduled event, which could impact the US Dollar and the financial markets. On Thursday, a minor move could occur due
The EUR/USD broke the resistance of the 0.9800 level on Monday. By the middle of Tuesday's trading, a follow up surge had reached above the 0.9850 level. Economic Calendar Analysis This week, there is only one notable scheduled event, which could impact the US Dollar and the financial markets. On Thursday, a minor move could occur due to the Philadelphia Federal Reserve
On Friday, the EUR/USD was highly volatile in the 0.9700/0.9800 range. On Monday, the pair was trading near the 0.9750 level. Economic Calendar Analysis This week, there is only one notable scheduled event, which could impact the US Dollar and the financial markets. On Thursday, a minor move could occur due to the Philadelphia Federal Reserve Manufacturing Index release at 12:30 GMT.
The EUR/USD plummeted as higher than expected US inflation was revealed at mid-day on Thursday. However, as an hour passed and the US markets opened, the US Dollar declined against all assets. On the pair's charts it resulted in a surge to the resistance of the 0.9800 level. The round level acted as resistance and by mid-Friday the pair was back
As the EUR/USD waited for the US CPI release on Thursday at 12:30 GMT, the pair remained in previous range. The future direction will be set by the macroeconomic data release. High inflation will beat the rate down and low inflation will cause a surge. Economic Calendar Analysis On Thursday, the top event of the week will take place. The United States
Despite shortly reaching above 0.9750, the EUR/USD still trades near 0.9700. Namely, the pair attempted to surge and encountered resistance in the 100-hour simple moving average. On Wednesday morning, the SMA had approached the 0.9750 level. Economic Calendar Analysis This week, the markets are looking forward for the monthly United States inflation and retail sales data. In addition, on Wednesday, the FOMC
The EUR/USD currency pair has been trading around the 0.9700 mark since the early hours of Monday's trading. However, on Tuesday morning, the pair shortly fluctuated at a new weekly low near 0.9670. In general, it could be possible that the rate remains almost flat until the US inflation data is released later in the week. Economic Calendar Analysis This week, the