On Tuesday morning the EUR/USD suddenly jumped just before the middle of the day, as it broke three resistance levels near 1.1300. The surge paused at the 1.1320 level. However, from a technical perspective the rate faced no resistance as high as the 1.1345 level. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US Retail Sales
By the middle of Monday's trading the EUR/USD had passed a significant technical resistance at 1.1320. In general, the pair had no resistance as far as 1.1345. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US Retail Sales data released on Thursday at 13:30 GMT. The EUR/USD exchange currency rate gained 19 pips or 0.17% during
The European Single Currency passed the support level of the weekly S1 at the 1.1276 mark. The rate declines towards the weekly S2 at the 1.1229 mark. Most likely, the EUR/USD will meet 61.80% Fibonacci retracement level at the end of the trading week. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US FOMC
The European Single Currency broke the small pattern line at the 1.1309 mark. On Thursday, the rate continues depreciating towards the weekly S2 at 1.1229 Most likely, the EUR/USD will meet 61.80% Fibonacci retracement level at the end of the trading week. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US FOMC Meeting Minutes release the
The European Single Currency appreciated against the US Dollar to break the resistance levels of the monthly S1 and the bottom boundary of the dominant pattern line. However, it is expected that the rate will continue its depreciation. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US FOMC Meeting Minutes release the previous Wednesday at 19:00 GMT.
The support of the dominant pattern and the monthly pivot point at 1.1300 was passed. The move has resulted in a drop downwards. In general, for the future it is expected that the pair will continue its descent in the future. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US FOMC Meeting Minutes release the previous Wednesday
On Monday, the EUR/USD was testing the support of the lower trend line of a dominant ascending pattern. The trend line has to be watched to see, what will be the future of the pair. In general, it can either decline below the support and continued lower or rebound to resume its surge upwards. Latest Fundamental Event The European Single Currency appreciated against
The pair reached the support of the 1.1330 level, where a pivot point is located, as forecast. Although, the price action after the event might have triggered stop losses of short positions, as the rate retraced back up more than thirty pips. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US FOMC Meeting Minutes release
The decline of EUR/USD continues. As the short positions of Swiss Traders have been intact, the traders have continued to profit. During the early hours of Thursday's trading the pair was aiming at the 1.1330 level, where the weekly S2 was located at. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US FOMC Meeting Minutes release the
Another target has been reached by the decline of the EUR/USD. Dukascopy traders have been shorting the decline and profiting. Although the piercing of the support levels near the 1.1400 mark is signalling a further decline, the likelihood that it will continues is decreasing. Namely, the probability of a longer than usual decline is decreasing as the moving downwards continues. Latest Fundamental
The EUR/USD has declined, as the most likely scenario suggested yesterday. Namely, the support levels at 1.1420 has been reached. Next target for a decline is the weekly S1 at the 1.1395 level. Although, note that the 1.1400 level might provide psychological support. Market participants tend to do deals near round levels of currency exchange rates. Latest Fundamental Event The European Single Currency
On Monday, the common European currency traded between two levels of technical analysis between 1.1435 and 1.1455. As the rate broke a previously described ascending channel pattern, a decline further is highly likely. Namely, if the level at 1.1435 is passed, the rate could drop as low as 1.1420. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the
The EUR/USD is trading with high volatility on Thursday and Friday. During the period of high volatility the pair has broken the lower trend line of a dominant ascending pattern on the hourly chart. Meanwhile, a full review of the daily chart has been conducted, as the lower trend line of a previously hypothetical and kept secret pattern at Dukascopy Analytics
The EUR/USD has highly increased its volatility, as the rate has traded in a range of more than fifty base points during the last 24 hours. In general the rate made an attempt to approach the 1.1400 level and retreated back down to the support of a dominant ascending pattern near the 1.1340 level after failing to reach the 1.1400 level. Latest
On Wednesday morning the EUR/USD had stopped its decline and surged back up to the levels above the 1.1350 mark. Although, the pair already on Tuesday reached the previously set target of the zone below the 1.1340. Namely, it touched it during the second half of Tuesday's trading and immediately began a surge, which reached as high as 1.1375. Latest Fundamental Event The
The EUR/USD decline has continues. Namely, the currency exchange rate has reached the 1.1350 level on Tuesday morning. The rate was expected to continue its decline as low as the levels between 1.1330 and 1.1340. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US PPI and Core PPI release on Tuesday at 13:30 GMT. The EUR/USD exchange
The EUR/USD has traded almost horizontally during the past 24 hours. Meanwhile, there is a notable event that has occurred during the trading. After making many attempts to force the currency rate into a decline, the 55-hour simple moving average has failed to push the rate lower. Instead the resistance was broken by the EUR/USD. Latest Fundamental Event The European Single Currency
The EUR/USD has reached the targeted support of the weekly S1 at the 1.1390 level. Moreover, the decline was expected to continue on Thursday morning. The rate was making attempts to decline even further, as it had made various attempts to break free from the weekly pivot point and continue its way downwards to the 1.1330 level. Latest Fundamental Event The European Single
The decline of the EUR/USD continues, as traders take advantage of it. Namely, the rate has been testing the support of the weekly S1 at the 1.1390 mark. The currency exchange rate is expected to eventually pass this support level and reach down to the monthly pivot point at the 1.1330 level. Latest Fundamental Event The European Single Currency appreciated against the US
The EUR/USD dropped on Tuesday down to the 1.1430 mark. At that level it stopped, and the stop forced a review of the currency exchange rate's hourly chart. It was discovered that there exists another version of an ascending channel pattern. The pattern's lower trend line was located at the 1.1430 level and provided the needed support for the rate to
The EUR/USD is continuing its decline, which began after encountering the upper trend line of a dominant ascending pattern. On Monday, the currency rate was standing at various support levels just above the 1.1450 mark. Meanwhile, the larger scale indicated that the rate should fall as low as the 1.1410 level. Latest Fundamental Event The European Single Currency appreciated against the US Dollar,
On Friday, the EUR/USD was continuing its recovery, which began on Thursday. Namely, the rate was surging after rebounding at the 1.1480 level. Meanwhile, note that the rate was being supported by the 55-hour SMA, as it was about to reach the combined resistance of a previously pierced resistance line of a larger pattern and the monthly second resistance of
The EUR/USD reached our previous set target of 1.15 and even surged above the weekly target set by one of our analysts during Monday's webinar.
After finding support in the 1.1425 level the EUR/USD has once more reached up t the 1.1480 mark on Wednesday.