The EUR/USD has traded in the borders of the previously drawn ascending channel pattern. On Monday, the most notable fact to take into account was the support of the 55-hour simple moving average, which managed to stop the rate from declining. Latest Fundamental Event The European Common Currency appreciated against the US Dollar, following the US CPI data release on Friday at
On Friday, the EUR/USD traded sideways after jumping up to the 1.12500 level. The surge began as soon as the US President made comments on the trade talks between the US and China. Meanwhile, note that the currency exchange rate has been largely ignoring all of the technical levels like the simple moving averages, Fibonacci retracement levels and pivot points. Latest Fundamental
On Thursday morning, the EUR/USD traded near previous session's levels by bouncing around the 1.1200 level. Meanwhile, note that the rate had passed below all of the technical levels, which in theory signals that the pair should decline. Latest Fundamental Event On Wednesday, May 1, the Federal Open Market Committee decided to left the key benchmark rate unchanged at the 2.50% level. The
The EUR/USD has increased its trading volatility by retracing down on Tuesday. However, by the middle of Wednesday's trading it was once more located near the 1.1200 mark. Meanwhile, it could be spotted that all of the many technical support levels only have minor impact on the currency exchange rate. Latest Fundamental Event On Wednesday, May 1, the Federal Open Market Committee decided
The EUR/USD has gotten out of the previous squeeze by surging. On Tuesday morning, the currency exchange rate had reached the resistance of a monthly pivot point at 1.1217. If this technical level gets broken, the rate would have a free range to surge up to the 1.1268 level. At that level the pair would meet with the weekly R1. Latest Fundamental
EUR/USD got squeezed in on Friday. By the middle of Monday the rate was located between strong support at 1.1180 and the resistance levels at the 1.1200 level. Two scenarios are outlined in the hourly chart's analysis. Latest Fundamental Event On Wednesday, May 1, the Federal Open Market Committee decided to left the key benchmark rate unchanged at the 2.50% level. The US
Short traders continue to gain on Friday, as the EUR/USD continued to decline during the morning hours of the London session. In general, the rate had no technical support levels as low as the 1.1120 level, where a technical support level cluster begins. Latest Fundamental Event The European Common Currency depreciated against the US Dollar, following the US FOMC Statement and Federal Funds
We congratulate the traders, which had open the 70% of total short position volume on the Swiss Foreign Exchange on Wednesday. The FOMC announcement late on Wednesday caused a drop below the 1.1200 level, from which these traders should have profited. Latest Fundamental Event The European Common Currency appreciated against the US Dollar, following the US ISM Manufacturing PMI data release on
As forecast, the EUR/USD has broken the resistance of the 200-hour SMA and surged higher. On Wednesday, the rate was expected to continue its surge higher, as it was testing resistance at 1.1239. If the rate breaks the weekly R1 at 1.1239, it should reach the 1.1300 level because the pair has no technical resistance as high as 1.1320. Latest Fundamental Event The
As the 100-hour SMA moved below the support cluster at 1.1175, it weakened the resistance. This allowed the EUR/USD to surge up to the 1.1200 level on Tuesday. The pair was about to face the resistance of the 200-hour SMA at 1.1200. If that level would get passed, the rate would have no technical resistance as high as the 1.1240 level. Latest
On Monday, the EUR/USD was facing the resistance of a technical level cluster near 1.1175. Namely, the 100-hour SMA, weekly PP and a 61.80% Fibonacci retracement level. In general, the rate was expected to fail at breaking above this level, as it had no technical support that could push it higher. Latest Fundamental Event The European Common Currency depreciated against the US Dollar,
On Friday morning, the EUR/USD currency pair traded sideways near the psychological level at 1.1140. The pair could trade sideways around the given level, squeezed by the 55-hour simple moving average and the 2018/2019 minimum, located at 1.1159 and 1.1124 respectively. Latest Fundamental Event The European Common Currency traded sideways against the US Dollar, following the US Durable Goods Orders data release on
On Thursday morning, the EUR/USD currency pair traded near the 2018/2019 minimum located at the 1.1141. If the 55- and 100-hour simple moving averages continue to push the pair down, it could reach the lower boundary of the medium-term channel at 1.1120. Latest Fundamental Event The European Common Currency traded sideways against the US Dollar, following the US Retail Sales data release on
On Wednesday, the EUR/USD currency pair traded below the resistance of the 55- and 100-hour simple moving averages, which during the morning hours were located at 1.1240. If the simple moving averages continues to push the pair down, the rate should eventually reach the 2018/2019 minimum at 1.1195. Latest Fundamental Event The European Common Currency traded sideways against the US Dollar, following the
On Tuesday, the EUR/USD traded below the resistance of the 100-hour simple moving average, which during the morning hours was located at 1.1260. If the simple moving average continues to push the pair down, the rate should eventually reach the weekly S1 at 1.1209. Latest Fundamental Event The European Common Currency traded sideways against the US Dollar, following the US Retail Sales data
German PMI data caused a drop of the EUR/USD, which passed most technical support levels. On Friday, the currency exchange rate was recovering after the drop. Latest Fundamental Event The European Common Currency traded sideways against the US Dollar, following the US Retail Sales data release on Thursday at 12:30 GMT. The EUR/USD exchange currency rate lost 9 pips or 0.08% right
On Thursday morning the EUR/USD was set up for another surge. Although, the rate was most likely once more going to be stopped by resistance on the daily chart near the 1.1320 level. At that level the 55-day simple moving average was still located at. This technical level kept the currency exchange rate down since April 12. Latest Fundamental Event The European Single
On Wednesday, the EUR/USD was surging after finding support in the lower trend line of the ascending pattern of the hourly candle chart. The rate was about to once more test the resistance of the 1.1320 level. At that level the 55-day simple moving average was still located at. This technical level kept the currency exchange rate down since April 12. Latest
The EUR/USD continues to trade above the 1.1300 level. Meanwhile, the 55 and 100-hour simple moving averages had caught up to the currency exchange rate. Due to that reason it is expected that the rate will be pushed upwards in the near future. However, the rate was still being kept down by the 55-day simple moving average. The daily chart was the
The EUR/USD has surged above the upper trend line of an ascending pattern. That way the pair has gained even more than previously expected. In regards to the near term future, traders have to watch the daily candle chart to see that the rate is being kept down by the 55-day simple moving average. Latest Fundamental Event The European Single Currency depreciated against
The EUR/USD continues to trade in the range between 1.1250 and 1.1300. Although the rate has kept in this range, it has pierced the resistance level at 1.1290, which kept it from surging previously. If the rate clearly passes the mentioned resistance, in theory it should surge up to the 1.1325 level. Latest Fundamental Event The European Single Currency depreciated against the US
The EUR/USD increased its volatility due to the ECB. Although, in general the ECB did not reveal new information. Due to that reason the rate was back to previous levels in a couple of hours after the ECB press conference. Meanwhile, it is more noteworthy to mention that the high volatility of the EUR/USD remained in the borders of an ascending
On Wednesday morning, the EUR/USD was being pushed up by the support of the 55-hour simple moving average, which was pushing it to once more test the resistance of a pivot point at 1.1280. Due to the fact that the monthly pivot point had become a solo resistance, it was possible that it will be broken and the EUR/USD would reach
The EUR/USD has surged as expected. Moreover, the currency exchange rate has surged above the initial target, and instead of just reaching the 1.1250 level, the pair has touched 1.1275. Although, after reaching the high level, the rate retreated and began to trade sideways in the range between 1.1255 and 1.1270. Latest Fundamental Event The European Single Currency appreciated against the US Dollar,