The Friday's central banker meeting in Jackson Hole impacted the EUR/USD currency pair in the form of a spike up, which almost touched the 1.0100 level. However, the move was followed by a decline. By the middle of Monday's trading, the pair had reached the 0.9900/0.9915 support zone. Economic Calendar Analysis This week, on Tuesday the release of the US CB Consumer
On Thursday morning, the EUR/USD rate reached above the resistance zone of 0.9990/1.0020. In general, the markets were experiencing a broad decline of the US Dollar, which was attributed to the incoming central bank meeting in Jackson Hole, Wyoming. Economic Calendar Analysis On Thursday, at 12:30 GMT the US quarterly Preliminary GDP data is set to cause a move in the US
On Tuesday, the Euro suddenly sharply recovered against the US Dollar and even reached above parity. However, the rate bounced off the 1.0020 level and resumed its decline. On Wednesday morning, the pair was fluctuating near the 0.9950 level. In the meantime, the 50-hour simple moving average had caught up with the rate and was acting as resistance. Economic Calendar Analysis On
The decline of the EURUSD pair has clearly passed below the 0.9950 mark. On Tuesday morning, the EUR/USD was trading between the support of the 0.9900 mark and the 0.9950 level as resistance. Economic Calendar Analysis At 13:45 GMT, the US Flash Services PMIs could impact the rate through an adjustment in the value of the US Dollar. On Thursday, at 12:30
On Monday morning, the EUR/USD currency pair reaches parity and even fluctuated below the 1.0000 mark. By the middle of the day's trading, the rate had returned and fluctuated above 1.0000. Economic Calendar Analysis This week, the markets are looking forward to the European Purchasing Managers Indices that are set to be published on Tuesday starting from 07:15 up to 07:30 GMT.
Since the surge at mid-day on Tuesday, the EUR/USD appeared to be waiting for this week's fundamental events. Namely, the US FOMC Meeting Minutes were expected to cause a USD move, which would impact all of financial markets. Economic Calendar Analysis At 18:00 GMT on Wednesday, the US Federal Reserve Meeting Minutes are bound to be published. The details included in the
The decline of the Euro against the US Dollar has continued, as on Tuesday the pair reached the support of the 1.0123 level, which appeared to be once again impacting the rate. Meanwhile, it was spotted that the rate has been declining in a narrow channel down pattern. Economic Calendar Analysis On Wednesday, at 12:30 GMT the US Retail Sales and Core
On Monday morning, the EUR/USD extended its decline, as the pair passed the support of the 100 and 200-hour simple moving averages near 1.0270 and 1.0230. By the middle of the day's European trading hours, the rate was below 1.0200. Economic Calendar Analysis On Wednesday, at 12:30 GMT the US Retail Sales and Core Retail Sales data is set to impact the
On Tuesday morning, the EUR/USD ended its sideways trading around the 1.0200 mark with a surge. By 09:00 GMT, the rate had reached the 1.2050 mark. In the meantime, the markets were expecting the US Consumer Price Index release on Wednesday at 12:30 GMT. In general, it was expected that the whole financial markets will remain near previous levels until the
On Friday, at 12:30 GMT, the EUR/USD plummeted due to the very good US employment data, which indicated that the Federal Reserve can hike USD interest rates and cause a decrease in USD supply. The pair plummeted from 1.0240 down to the 1.0140 level. However, since the event the pair has recovered. During the second part of Monday's trading, the
During the second part of Thursday's trading, the EUR/USD currency pair managed to reach above the resistance of the 1.0200 mark and the weekly simple pivot point at 1.0193, and the 200-hour simple moving average. Moreover, the 100-hour SMA failed to act as resistance near 1.0210. On Friday morning, the EUR/USD traded near the 1.0240 level and appeared to be consolidating
On Wednesday, the EUR/USD dipped to the support of the weekly S1 simple pivot point at 1.0128, which together with the 1.0125 level appears to have caused a recovery. By the middle of Thursday's European trading hours, the pair had recovered and was once again testing the resistance of the 1.0200 level, the weekly simple pivot point at 1.0193 and
The decline of the Euro against the US Dollar has passed below the support of the 1.0200 mark, the weekly simple pivot point at 1.0193 and the 100 and 200-hour simple moving averages. During the early hours of Wednesday's trading, the currency pair confirmed the weekly simple pivot point as resistance. Meanwhile, it was observed that the 1.0160 level was providing
The EUR/USD eventually reached the resistance of the weekly R1 simple pivot point at 1.0290. The pivot point acted as resistance and a decline followed. By the middle of Tuesday's trading, the currency pair had reached the 1.0220 mark, which acted as support. Economic Calendar Analysis On Wednesday, the US ISM Services PMI at 14:00 GMT might impact the pair through the
On Monday morning, as the month started, the EUR/USD currency pair pierced the last week's high levels near 1.2060. In the meantime, it was spotted that the pair has been moving upwards in a wide channel up pattern since July 27. However, note that the pattern captures both the US Federal Reserve rate hike and the publication of the US
The EUR/USD currency pair has been highly volatile, as it has been reacting to major US fundamental events throughout the week. Namely, the Fed rate hike and monetary policy announcement together with the US GDP have been creating major moves. In general, the pair has been observed to be fluctuating between the support of the 1.0097/1.0115 zone and resistance at
The EUR/USD currency pair found support in the 1.0100 mark and the weekly S1 simple pivot point at 1.0101. In the aftermath of starting a minor recovery, the EUR/USD surge was boosted by the head of the US Federal Reserve Jerome Powell. Namely, the Chairman's comments during the press conference after the US 0.75% rate hike caused a broad sell off
At mid-day on Tuesday, the EUR/USD suddenly plummeted below 1.0200, as the rate sharply declined down to the 1.0110 level. Afterwards, a minor recovery started. By the middle of Wednesday's trading, the rate had reached the 1.0160 level. However, ignore technical analysis for now, as today, at 18:00 GMT, the US Federal Reserve will hike their base interest rate. Depending on
Since the middle of Monday's trading, the EUR/USD appears to have reduced the range of the pair's sideways trading, as the rate has been fluctuating between the 1.0200 and 1.0250 levels. In the meantime, on Tuesday it was observed that the 50 and 100-hour simple moving averages had begun to provide support to the pair. Economic Calendar Analysis This week, all attention
Throughout Friday, the EUR/USD fluctuated between the 1.0150 and 1.2050 levels, despite shortly piercing them. On Monday morning, the pair was trading near the 1.0200 level. In the meantime, it was spotted that the rate was not being impacted by the weekly simple pivot point at 1.0190 and the 50 and 100-hour simple moving averages. Economic Calendar Analysis This week, all attention
As the European Central Bank hiked interest rates more than expected, the Euro surged and immediately tested the 1.0270/1.0280 zone. However, the bank revealed a new central bank tool, which in essence is another way of doing quantitative easing. Namely, the bank initially revealed that it would tighten the supply of the Euro via a 0.5% interest rate and then
The resistance of the 1.2070/1.2080 zone managed to hold and cause a decline, which eventually resulted in the EUR/USD declining below the 1.0200 mark. Economic Calendar Analysis This week, the EUR/USD is set to react to the European Central Bank Monetary Policy Statement release on July 21, Thursday, at 12:15 GMT. On Friday, the pair might react to two data releases. First
The EUR/USD managed to reach above the 1.0190/1.0220 zone and the 1.2050 mark. Resistance was eventually found in the 1.2070/1.2080 zone. Afterwards, a decline to the 1.2020 level occurred and the previous resistance became support. During early Wednesday's trading, the pair was fluctuating between the 1.0220 and 1.0250 levels. Economic Calendar Analysis This week, the EUR/USD is set to react to the
On Monday, the EUR/USD currency pair reached the resistance zone at 1.0190/1.0220 and the weekly R1 simple pivot point at 1.0193. However, it can be spotted that it was the 1.0200 mark, which stopped and reversed the surge of the pair. The event resulted in the rate declining and finding support in the 1.01200 level. Economic Calendar Analysis This week, the EUR/USD