The EUR/USD bounced off the resistance of the 1.1100 level late on Monday. This resulted in a decline, which by the middle of Tuesday's London trading session had reached below the 1.1080 mark. In general, it was expected that the decline would continue, as the rate had removed its oversold pressure and had no technical support as low as 1.1045. Economic
The EUR/USD started the week by trading below a strong resistance cluster. The rate was facing hourly simple moving averages and a weekly pivot point near the 1.1110 level. The future scenarios were based on what would happen at this level. Economic Calendar Analysis This week the EUR/USD is bound to be affected by US data and an expected rate cut. On Wednesday,
During Friday morning, the EUR/USD currency pair was testing the support formed by the 200-hour moving average. If the given support holds, it is likely that a reversal north could occur. French Flash Services PMI and German Flash Manufacturing PMI The European Common Currency appreciated against the US Dollar, following the French Flash Services PMI survey results release on Thursday at
During Thursday morning, the EUR/USD currency pair failed to surpass the psychological level at 1.1150. Given that the pair is pressured by he 55- and 100-hour moving averages, it is likely that some downside potential could prevail. French Flash Services PMI and German Flash Manufacturing PMI The European Common Currency appreciated against the US Dollar, following the French Flash Services PMI
During Wednesday morning, the EUR/USD currency pair was testing the support level formed by the weekly PP at 1.1112. If the given support holds, a reversal north could occur soon. However, note that the pair would have to surpass the 55- and 100-hour SMAs. Economic Calendar Analysis This week there are couple events that could affect the EUR/USD pair. On Thursday,
During Tuesday, the EUR/USD currency pair was trading near the psychological level at 1.1160. Given that the pair supported by the 100-hour moving average, it is likely that some upside potential could prevail. Economic Calendar Analysis This week there are couple events that could affect the EUR/USD pair. On Thursday, October 24, the French Flash Services PMI survey results will be
During Monday, the EUR/USD currency pair has been consolidating at the psychological level at 1.1160. Given that the pair supported by the 55-hour moving average, it is likely that some upside potential could prevail. Economic Calendar Analysis This week there are couple events that could affect the EUR/USD pair. On Thursday, October 24, the French Flash Services PMI survey results will
During Friday morning, the EUR/USD currency pair was testing the weekly R2 at 1.1137. The pair could gain support of the 55- moving average to breach the given resistance and extend gains. A possible upside target is the 1.1200 mark. Economic Calendar Analysis This week there are no events left that could affect the EUR/USD pair. Take into account that next week
During Thursday morning, the EUR/USD currency pair jumped to the weekly R2 at 1.1137. The pair could gain support of the 55- and 100-hour moving averages to breach the given resistance and extend gains. Economic Calendar Analysis This week there are no events left that could affect the EUR/USD pair. Take into account that next week there will be couple events, which
During Wednesday morning, the EUR/USD was trying to surpass the resistance level formed by the monthly R1 at 1.1045. The pair could gain support of the 55- and 100-hour moving averages to breach the given resistance and extend gains. Economic Calendar Analysis This week one data release might impact the EUR/USD currency exchange rate. Although it is a minor one. Today, the US
The latest attempt to pass a monthly pivot point failed. It resulted in the breaking of the ascending channel pattern of the hourly candle chart. In regards to the near term future, there were two scenarios based on what would happen near technical levels at the 1.1015 mark. Economic Calendar Analysis This week one data release might impact the EUR/USD currency exchange
On Monday morning, the EUR/USD bounced off the support of the ascending channel pattern that was added to the hourly chart on Friday. In general, the rate was expected to test the resistance of the monthly pivot point at 1.1045. Economic Calendar Analysis This week one data release might impact the EUR/USD currency exchange rate. Although it is a minor one. On
The surge of the EUR/USD reached up to the 1.1034 level, from which it reversed and declined. The decline had found support at 1.1005, from where a consolidation began. In general, the rate could trade in any direction until the end of this week's trading. Although, a new channel up pattern was spotted. The pattern could help traders make decisions. Economic Calendar
On Thursday, the EUR/USD was sharply surging up, as the currency rate had reached the 1.1020 mark by 09:00 GMT. In addition, the 1.1000 mark, which kept the rate down since October 3, has been passed, signaling that the pair might move even higher. Economic Calendar Analysis On Thursday, watch out for the ECB Monetary Policy Meeting Accounts at 11:30 GMT. In
During Wednesday morning, the EUR/USD currency pair reached the upper boundary of the short-term descending channel at 1.0990. If the given channel holds, a reversal south could occur in the nearest future. Otherwise, the pair could re-test the psychological level at 1.1000. Economic Calendar Analysis This week there are a couple of events scheduled, which could impact the EUR/USD. Today, the
As it was speculated on Monday, the EUR/USD surged despite breaking an ascending pattern. Namely, the rate tested the resistance of the 1.1000 mark, which once more held. During Tuesday's London morning hours, the rate was once more heading to the 1.1000 level. Economic Calendar Analysis This week there are a couple of events scheduled, which could impact the EUR/USD. On Tuesday the
The EUR/USD broke its ascending patterns on Monday morning. Although, the rate still had plenty of technical support levels below it. In general, despite breaking an ascending pattern, the rate could still surge. US Employment Data The European Common Currency depreciated against the US Dollar, following the US Employment data set release on Friday at 12:30 GMT. The EUR/USD exchange currency rate
The EUR/USD did not even require the support of the 55 and 100-hour SMAs to resume its surge. The rate began to climb during Thursday's morning GMT hours and eventually reached the 1.1000 mark. On Friday morning, the EUR/USD had retreated to the support of the 1.0965 level, where the monthly simple pivot point was located at. In general, the rate
The EUR/USD has surged and touched the 1.0965 level. In addition, on the hourly chart an ascending channel pattern has been spotted and added to the chart. During the morning hours of Thursday's London trading session, the rate was heading to the support of the pattern, which was strengthened by the 55 and 100-hour simple moving averages. US ISM Manufacturing PMI The
The rate traded near the support levels at 1.0880, as expected, until a fundamental event caused a surge. On Wednesday morning, the EUR/USD had bounced off the resistance of 1.0940 and was heading back to the mentioned support level of 1.0880. US ISM Manufacturing PMI The European Common Currency appreciated against the US Dollar, following the US ISM Manufacturing PMI survey data
As expected, the EUR/USD reached the support levels that are located just above the 1.0880 mark. On Tuesday morning, the EUR/USD had bounced off the support levels and was surging back up to the 55-hour simple moving average, which was located near 1.0920. US Employment Data week This week, there are a couple of US macroeconomic data releases, which might impact the
The EUR/USD started the week by trading in Limbo around the 55-hour simple moving average. The moving average was heading lower and was expected to push the rate with it. In general, as the rate had passed the support of the 1.0930 level, the pair had no technical support levels below it as low as 1.0891. US Employment Data week This week,
The EUR/USD has declined below the support of the historical low level of 1.0930. Although, the event did not result in a sharp decline, as support was provided by the 1.0910 mark. On Friday morning, the pair was consolidating by trading sideways, which was considered normal, as the rate has declined sharply since September 25. Week Ends With Insignificant Data The week
The decline of the EUR/USD has continued in a descending channel pattern. By the middle of Thursday's trading session, the currency exchange rate had reached the support of the historical low level at 1.0930. If the currency exchange rate passes this support level, it would have no technical support as low as the 1.0890 mark, where a cluster of technical levels