The decline of EUR/USD did not reach the technical support of the pivot points below 1.1070, as the rate reversed at the 1.1080 level. From there, the rate began a surge, which by the middle of the day's London trading hours had reached the 1.1110 level and broken the resistance of the 55-hour simple moving average. Economic Calendar Analysis On Thursday, the European
As it was forecast on Friday morning, the EUR/USD has declined. However, the rate dropped a lot sharper than it was expected. In general, the rate was expected to continue the decline sooner or later to support levels below 1.1070. Economic Calendar Analysis Throughout the week releases from the European Union will be published. On Thursday, the European Central Bank will announce
During Friday morning, the EUR/USD currency pair dropped below the 1.1120 level. Given that the pair is pressured by 55-, 100- and 200-hour moving averages, it is likely that some downside potential could prevail. Economic Calendar Analysis Throughout the next week releases from the European Union will be published. On Thursday, the European Central Bank will announce its Main Refinancing Rate at
During Thursday morning, the EUR/USD currency pair was trading near the upper boundary of the short-term ascending channel. From a theoretical point of view, it is likely that a reversal south could occur in the nearest future. Economic Calendar Analysis This week's scheduled event historical data tables have been published. Click on the link below to read the article. Read More: 13.01-17.01 Event
During Wednesday morning, the EUR/USD currency pair was surpassed the resistance formed by the 200-hour SMA, as well the weekly PP at 1.1140. Given that the pair is supported by the 55- and 100-hour SMAs, it is likely that some upside potential could prevail. Economic Calendar Analysis This week's scheduled event historical data tables have been published. Click on the link below to
During Tuesday morning, the EUR/USD currency pair was testing the resistance formed by the weekly PP at 1.1139. Note that the pair is pressured by the 200-hour SMA. Thus, it is likely that some downside potential could prevail in the market. Economic Calendar Analysis Today, the US Consumer Price Indices might cause a minor move on the US Dollar pairs. Meanwhile, this week's
During Monday morning, the EUR/USD currency pair was testing the resistance provided by the 100-hour SMA at 1.1126. If the given resistance holds, it is likely that a reversal south could occur in the nearest future. US ISM Non-Manufacturing PMI The European Common Currency traded sideways against the US Dollar, following the US ISM Non-Manufacturing PMI survey results release on Tuesday at
The situation on the EUR/USD charts has not changed, as the pair traded sideways since Thursday. However, during the Friday's London trading morning hours, the 55-hour SMA approached the rate and began to provide downwards pressure. The SMA was expected to cause a decline. US ISM Non-Manufacturing PMI The European Common Currency traded sideways against the US Dollar, following the US ISM
The EUR/USD reached the targeted weekly S1 pivot point that is located at the 1.1112 level. The rate managed to pierce this level before starting to trade sideways. In general, the EUR/USD was expected to continue its decline, as soon as the consolidating sideways trading ends. US ISM Non-Manufacturing PMI The European Common Currency traded sideways against the US Dollar, following the
The EUR/USD exchange rate has continued to decline. By the middle of Wednesday's trading, the pair had reached below the 1.1130 and continued to decline. In the meantime, take into account that the pair did make a retracement back up during late Tuesday's GMT hours. Economic Calendar Analysis On Wednesday, the ADP Non-Farm Employment Change is scheduled to be released at 13:15 GMT.
EUR/USD bounced off the resistance of the 1.1200 level. By the middle of Tuesday's trading session, the pair had reached below the 1.1170 level. During the decline, the rate easily passed the support of the 55 and 100-hour SMAs and the weekly pivot point. Economic Calendar Analysis The week's data releases will start on Tuesday at 15:00 GMT. The US ISM Non-Manufacturing PMI
On Monday, the EUR/USD surged back up to the 1.1200 level. In general, the surge was caused by the support of the 1.1130 level, which had been held back by the 1.1180 level. It indicates that round price levels are impacting the pair. Economic Calendar Analysis The week's data releases will start on Tuesday at 15:00 GMT. The US ISM Non-Manufacturing
The squeeze of the EUR/USD resulted in a decline, which continued on Friday. In general, the rate was expected to continue to decline. In the case of a decline, the rate should reach for a technical support level near 1.1100. Economic Calendar Analysis On Friday, January 3, the ISM Manufacturing PMI survey results will be released at 15:00 GMT and the FOMC Meeting
On Thursday, the EUR/USD got squeezed in between the support of the 100-hour SMA and the resistance of the 1.1200 level. The future scenarios for the rate were based upon how the squeeze could end. Economic Calendar Analysis On Friday, January 3, the ISM Manufacturing PMI survey results will be released at 15:00 GMT. At the same day, the FOMC Meeting Minutes data will
During Monday morning, the EUR/USD currency pair was testing the resistance level - the Fibo 38.20% at 1.1200. If the given resistance holds, it is likely that a reversal south could occur in the nearest future. Economic Calendar Analysis This week, there are only three events that could affect the EUR/USD pair. On Tuesday, December 31, the US CB Consumer Confidence will be
During Friday morning, the EUR/USD currency pair was testing the resistance level - the monthly R1 at 1.1138. If the given resistance holds, it is likely that a reversal south could occur in the nearest future. Economic Calendar Analysis This week, there are no scheduled events left, which could cause an increase of volatility in the EUR/USD pair. Next week, there are only three
During Monday morning, the EUR/USD currency pair was trading in the 1.1080 area. Given that the pair is pressured by the 55- and 100-hour moving averages, it is likely that some downside potential could prevail in the market. Economic Calendar Analysis This week, there is one scheduled event left, which could cause an increase of volatility in the EUR/USD. Today, the US
On Friday, the EUR/USD currency exchange rate had retreated below all close by technical levels. However, it did not decline, as the 1.1110 level kept the pair up. The 1.1110 had provided support since the middle of Wednesday's trading session. If the rate passes this support, in theory it should decline to the monthly pivot point at 1.1059. Economic Calendar Analysis This week,
On Thursday, the EUR/USD surged, as it began a recovery that was created by the technical support provided by the 200-hour simple moving average. By the middle of the day, the rate had touched the 1.1145 level, from which it bounced back down. In general, the rate was expected to retreat back down to the 200-hour SMA before continuing its
Early during Wednesday's London trading, the EUR/USD failed to gain momentum for a surge and dropped below the 55 and 100-hour simple moving averages. This event resulted in a decline. By the middle of Wednesday's GMT hours, the rate had already reached the 1.1120 level. Economic Calendar Analysis This week, there is one scheduled event left, which could cause an increase of volatility
On Tuesday, the EUR/USD ended trading sideways between 1.1140 and 1.1160 levels. The ending of the sideways trading signalled that a surge was likely. In the case of the exchange rate surging, the pair would reach for the resistance of the 1.1200 level, which stopped the last week's surge. Economic Calendar Analysis This week, there is one scheduled event left, which could cause
During Monday morning, the EUR/USD currency pair was testing the resistance formed by the 55-hour SMA and the monthly R1 at 1.1140. If the given resistance does not hold, it is likely that a surge towards the 1.1180 level could occur. Economic Calendar Analysis This week, there are a few economic events that could affect the EUR/USD pair. Today, the US Flash Manufacturing
The certainty brought by the UK general elections has also impacted the Euro. Namely, the EUR/USD currency exchange rate also surged on the Tory victory on Thursday. On Friday, the rate was consolidating in the aftermath of the sharp surge. Tories win UK elections On Thursday, December 12, the EUR/USD appreciated 89 pips or 0.80% against the US Dollar. The advance was driven
Wednesday's FOMC announcements and Press Conference caused a surge of the EUR/USD currency exchange rate to the 1.1140 level. In the near term future, the rate was expected to consolidate by trading sideways or declining to the support of the pivot point at 1.1118. Economic Calendar Analysis On Thursday, the European Central Bank is set to make its rate announcement at 12:45 GMT.