The EUR/USD pierced the late May support zone above the 1.2160 level on Friday. However, almost immediately the rate returned to trading near the 1.2000 level. On Monday morning, the rate fluctuated in limbo around the round exchange rate level. Economic Calendar Analysis There is one major notable event to watch this week. The US Employment data sets on Friday at 12:30
The EUR/USD currency pair remained below the 55-, 100– and 200– hour SMAs on Thursday. The exchange rate found support at the 1.2180 level during Thursday's trading session. Economic Calendar Analysis Notable events for this week have ended. Expect an update to the calendar section with the next week's event reviews soon. Click on the link below to find out more about the
On Wednesday, Euro edged lower by 79 pips or 0.65% against the US Dollar. A breakout occurred through the lower boundary of an ascending channel pattern during Wednesday's trading session. Economic Calendar Analysis At 12:30 GMT on Thursday, the US Preliminary GDP has been published. This event has caused EUR/USD moves from 6.3 to 15.1 pips. Note that in most cases the
On Tuesday, the Eurozone single currency surged by 36 pips or 0.29% against the US Dollar. The currency pair tested the 1.2260 level during yesterday's trading session. Economic Calendar Analysis At 12:30 GMT on Thursday, the US Preliminary GDP is set to be published. This event has caused EUR/USD moves from 6.3 to 15.1 pips. Note that in most cases the rate
During Monday's trading session, the EUR/USD currency pair surged by 47 pips or 0.39%. The exchange rate breached the 55– and 100– hour simple moving averages on Monday. Economic Calendar Analysis At 12:30 GMT on Thursday, the US Preliminary GDP is set to be published. This event has caused EUR/USD moves from 6.3 to 15.1 pips. Note that in most cases the
The Eurozone single currency declined by 77 pips or 0.63% against the US Dollar on Friday. The decline was stopped by the 200– hour simple moving average during Friday's trading session. Currently, the exchange rate is trading near the lower boundary of an ascending channel pattern and could be set for a breakout. Economic Calendar Analysis At 12:30 GMT on Thursday, the
The EUR/USD managed to surge by passing the 55-hour simple moving average. Support was provided by the 100-hour simple moving average. During the early Friday's European trading hours, the rate had reached the resistance of the 1.2240/1.2245 zone. Note that the 1.2245 level is the February high level, which reversed the pair's recovery and caused a 4.30% decline. Economic Calendar Analysis At
The previous May high levels did not provide support to the rate on Wednesday. However, just below the high levels, the 100-hour simple moving average provided support. By the middle of Thursday's trading, the EUR/USD had been pushed up by the SMA to the resistance of the 1.2200 mark. The 1.2200 level was being strengthened by the resistance of the
On Wednesday morning, the EUR/USD currency exchange rate touched the 1.2245 level. However, the rate began a retracement down in the aftermath. Potential support could be provided by the 1.2200 mark and the weekly R1 simple pivot point at 1.2201. Economic Calendar Analysis The rate could move due to the FOMC Meeting Minutes on Wednesday at 18:00 GMT. The pair has moved
On Tuesday morning, the EUR/USD currency exchange rate broke the resistance of the 1.2175/1.2180 zone. It was followed up by an immediate passing of the resistance of the weekly R1 simple pivot point at 1.2201 and the 1.2200 mark. Economic Calendar Analysis The rate could move due to the FOMC Meeting Minutes on Wednesday at 18:00 GMT. The pair has moved from
The EUR/USD currency exchange rate started the week by finding support in the new weekly simple pivot point at 1.2126 and starting a surge. By the middle of Monday's trading hours, the rate had touched the 1.2170 level which appeared to be capable to provide resistance. Economic Calendar Analysis The rate could move due to the FOMC Meeting Minutes on Wednesday at
On Friday morning, the EUR/USD currency exchange rate passed the resistance of the 55 and 200-hour simple moving averages and reached above the 1.2100 level. However, almost immediately resistance was provided by the weekly simple pivot point at 1.2109. Economic Calendar Analysis On Friday, the US Retail Sales and Core Retail Sales at 12:30 GMT are bound to move the pair, as the
As the United States released its inflation data, the EUR/USD began to trade with high volatility on Wednesday. The high volatility ended below the 200-hour SMA at the 1.2066 level. The rate's decline appeared to have been stopped by the support of the 1.2053/1.2070 zone, which provided both resistance and support on May 6. During the early Thursday's trading hours, the
The EUR/USD failed at its third attempt to break the resistance of the 1.2175/1.2180 zone. It resulted in a decline, which passed the support of the 55-hour simple moving average near 1.2150. During the early hours of Wednesday's trading hours, the currency exchange rate found support in the 100-hour simple moving average near 1.2110. Economic Calendar Analysis The rate could move due to
During late Monday's trading hours, the EUR/USD currency exchange rate declined to the support of the 55-hour simple moving average below the 1.2150 mark. On Tuesday, the currency exchange rate had recovered, as it once again approached the resistance of the 1.2175/1.2180 zone. Economic Calendar Analysis The rate could move due to the US CPI on Wednesday at 12:30 GMT. The pair
Since reaching the 1.2175 mark on Friday, the EUR/USD currency exchange rate has traded below it. Economic Calendar Analysis The rate could move due to the US CPI on Wednesday at 12:30 GMT. The pair has moved from 8.7 to 27.5 pips on the release. Note that the lesser moves occurred, when the market forecast was hit. On Friday, the US Retail
Since the middle of Thursday's trading session, the EUR/USD has been trading below the resistance of the 1.2070 level. In the meantime, the rate almost fully ignored the resistance of the 200-hour simple moving average and the weekly simple pivot point near 1.2060. Economic Calendar Analysis The EUR/USD could move this week due to the Friday's release of US employment data. At
The zone from the 1.2000 mark to the 1.1985 level managed to provide the EUR/USD currency exchange rate with enough support for the rate to surge. By the middle of Thursday's European trading hours, the rate had reached above the resistance of the 55 and 100-hour simple moving averages. In the near term future, the pair could reach the resistance of
On Wednesday, the EUR/USD currency exchange rate passed the 1.2000 mark's support. It indicates that the rate could extend its decline. Economic Calendar Analysis The EUR/USD could move this week due to the Friday's release of US employment data. At 12:30 GMT, expect the publication of the US Average Hourly Earnings, Non-Farm Employment Change and the Unemployment Rate. The EUR/USD has moved
On Thursday, the common European currency declined by 44 pips or 0.36% against the US Dollar. The currency pair reversed from the resistance level at 1.2152 during yesterday's trading session. Economic Calendar Analysis On Friday, the German Preliminary GDP could cause EUR moves. The EUR/USD has from 10.0 to 14.1 pips during the last three releases since July 2020. Click on the
On April 28, the Eurozone single currency surged by 77 pips or 0.64% against the US Dollar. The currency pair breached the resistance level at 1.2113 during Wednesday's trading session. Economic Calendar Analysis On Thursday, at 12:30 GMT, the US Advance GDP will be released. This event has caused EUR/USD moves only from 7.9 to 13.6 pips. In addition, on Friday, the
On April 27, the Eurozone single currency surged by 37 pips or 0.30% against the US Dollar. The currency pair tested the 1.2093 level during Tuesday's trading session. Economic Calendar Analysis On Wednesday, all of the markets will move due to the release of the US Federal Reserve Federal Funds Rate at 18:00 GMT. The EUR/USD has moved 10.8 to 54.3 pips
On Monday, the common European currency declined by 50 pips or 0.41% against the US Dollar. The decline was stopped by the 55– hour simple moving average during yesterday's trading session. Economic Calendar Analysis On Wednesday, all of the markets will move due to the release of the US Federal Reserve Federal Funds Rate at 18:00 GMT. The EUR/USD has moved 10.8
On April 23, the common European currency surged by 88 pips or 0.73% against the US Dollar. The currency pair breached the resistance level at 1.2080 during Friday's trading session. Economic Calendar Analysis Next week, on Wednesday, all of the markets will move due to the release of the US Federal Reserve Federal Funds Rate at 18:00 GMT. The EUR/USD has moved