The Federal Reserve Monetary Policy announcements on Wednesday have caused a surge of the EUR/USD due to the weakness of the USD. By the middle of Thursday's trading session the rate had reached the 1.1300 level, where it encountered a weekly pivot point. A report on the FOMC announcement will be available in the Fundamental Analysis section during Thursday's London trading session. Latest
In the aftermath of the Draghi caused drop the EUR/USD found support in a monthly pivot point at 1.1180 and retraced back to the 1.1200 level. The 1.1200 level, where a 38.20% Fibonacci retracement level was located at, was providing resistance. In general, the rate was expected to resume its decline as soon as the 55-hour SMA approaches from the above
In a sharp drop the EUR/USD pierced the support of the 1.1200 level on Tuesday. The move was caused by two events. The President of the European Central Bank confirmed in a speech that the money creation schemes done in the Eurozone will continue. Namely, there will be more Euro in circulation. Moreover, the decline was strengthened by bad sentiment data from
The EUR/USD currency exchange rate began the week by trading above the support of the 1.1200 level. At that level a 38.20% Fibonacci retracement level was located at. Moreover, the 1.1200 level has been working as a psychological level throughout the recent past. Latest Fundamental Event The European Common Currency depreciated against the US Dollar, following the US Retail Sales data release
Yesterday, the EUR/USD currency pair declined to the lower boundary of the short-term ascending channel at 1.1284. During today's morning, the pair was testing the given channel. From a theoretical perspective, a reversal north could occur soon. Latest Fundamental Event The European Common Currency appreciated against the US Dollar, following the US CPI data release on Wednesday at 12:30 GMT. The EUR/USD exchange
Since yesterday, the EUR/USD currency pair has been testing the resistance level formed by the monthly R2 at 1.1338. If the given resistance does not hold, it is likely, that the pair could reach the psychological level at 1.1360. Latest Fundamental Event The European Common Currency appreciated against the US Dollar, following the US Employment data set release on Friday at
During the previous trading session the EUR/USD currency pair traded sideways along the 55-hour SMA. On Tuesday morning, the exchange rate continued to trade sideways along the given support. Also, note, that the pair is supported by the 100-hour SMA, currently located at 1.1285. Thus, it is unlikely, that some downside potential could prevail in the market in the nearest
During the previous trading session the EUR/USD fluctuated between the 1.12 and 1.13 levels. The volatility was high due to the European Central Bank making a rate statement and hosting a press conference. On Friday morning, the currency exchange rate was looking for support near the 1.1250 level. There it was bound to rebound and make another attempt to pass
After touching the 1.1300 level on Wednesday, the EUR/USD declined after encountering this level. The decline stopped at the combined support of the 100-hour SMA and a pivot point at 1.1218. In general, the rate was expected to get squeezed in between 1.1220 and 1.1250. Latest Fundamental Event The European Common Currency depreciated against the US Dollar, following the US ISM Non-Manufacturing PMI
On Wednesday, the EUR/USD pair was testing the resistance of the 1.1280 level, which stopped the rates surge previously. At that level the 100-day simple moving average was located at. Due to that reason the daily candle chart is the one to be watched during the day. Latest Fundamental Event The European Common Currency depreciated against the US Dollar, following the US
On Monday, the EUR/USD broke the resistance of a junior pattern and jumped up to the 1.1260 level before it paused the surge. On Tuesday, a consolidation was taking place, which could be followed by a continuation of the surge of the pair. Latest Fundamental Event The European Common Currency depreciated against the US Dollar, following the US ISM Manufacturing PMI data
The EUR/USD has managed to pass the resistance of the hourly candle chart's simple moving averages. Namely, it has reached the resistance of the 1.1190 level on Monday morning. In general, the rate is being squeezed in between technical support levels at 1.1165 and the resistances at 1.1180 and 1.1190. Latest Fundamental Event The European Common Currency traded sideways against the US
The support of the 1.1120 level has forced the EUR/USD into a retracement back up. A retracement, which on Friday morning was about to reach the 1.1160 level. At that level the rate was expected to face the resistance of the 100 and 200-hour simple moving averages. The future forecasts are based on these SMAs. Latest Fundamental Event The European Common Currency
The EUR/USD has reached another target. The currency exchange rate has fallen to the support of the weekly S1 at the 1.1138 level. In addition, the rate passed this support level and reached as low as 1.1125. Latest Fundamental Event The European Common Currency depreciated against the US Dollar, following the German Flash PMIs data set release on Thursday at 01:30 GMT.
By the middle of Wednesday's trading session the EUR/UD continued its decline, as it was forecast on Tuesday. Moreover, it is expected that the currency exchange rate will continue to decline until it reaches the support of the weekly S1 at the 1.1139 level. Latest Fundamental Event The European Common Currency depreciated against the US Dollar, following the German Flash PMIs data
On Tuesday, the EUR/USD had declined, as it was previously forecast. In general, the rate had reached the cluster of support levels near 1.1175. In general, the pair was expected to continue its decline as soon as it consolidates the recent small scale decline. Latest Fundamental Event The European Common Currency depreciated against the US Dollar, following the German Flash PMIs data
On Monday, the EUR/USD traded near the 1.1200 level. Namely, the pair had pierced the 1.1200 level and bounced off resistance at 1.1217. In general, the rate was expected to remain near the 1.1200 level until the technical support of the hourly simple moving averages pushes it upward. Latest Fundamental Event The European Common Currency traded sideways against the US
The EUR/USD has jumped back up to 1.1200 level. The move occurred in a sudden sharp move at the middle of Thursday. However, before the jump the rate reached the 1.1100 level. Note that our analysts had set the target of the pair at 1.1120. It means that the rate clearly reached below the target and scored even more
EUR/USD has continued to decline, as it was forecast in one of the previously described scenarios. Namely, the FOMC Meeting Minutes release at 18:00 GMT began a decline, which by the middle of Thursday's trading session had reached the 1.1130 level. In the near term the rate was expected to reach down to the 1.1125 level. Latest Fundamental Event The European Common
On Wednesday, the EUR/USD was about to test the resistance levels near 1.1170. Meanwhile, the currency exchange rate was expecting the Federal Reserve's Open Markets Committee's Meeting Minutes, which were set to be released at 18:00 GMT. One can watch the preview of the event by clicking here. Latest Fundamental Event The European Common currency traded sideways against the US
On Tuesday, the decline of EUR/USD resumed. The rate bounced off the resistance of the 55-hour simple moving average around the midnight hours of London's trading session and by the middle of the day the rate had reached below 1.1150. The decline was already expected and described on Friday. In regards to the future, the pair has no technical support
On Friday, the EUR/USD bounced off the resistance of a pivot point at 1.1184. The event was expected to be followed by a decline. Namely, if the pair falls below 1.1170, it in theory should decline as low as 1.1150. Latest Fundamental Event The European Common currency traded sideways against the US Dollar, following the US Retail Sales data release on Wednesday
On Thursday, the EUR/USD tested a cluster of resistance levels that were located from 1.1210 to 1.1220. By the middle of the day's trading the currency pair had failed at an attempt to pierce through the cluster, as the 100-hour SMA managed to stop the surge attempt. Latest Fundamental Event The European Common currency traded sideways against the US Dollar, following the
On Tuesday morning the EUR/USD traded near the 1.1240 level. Meanwhile, during the previous day's trading session the EUR/USD had reached a new high level, by reaching above the 1.1260 mark. Latest Fundamental Event The European Common Currency appreciated against the US Dollar, following the US CPI data release on Friday at 12:30 GMT. The EUR/USD exchange currency rate gained 13 pips