The reaction to the ECB interest rate hike was a decline of the Euro against other currencies. On the EUR/USD chart it resulted in a piercing of the combined support of the 1.0000 mark, the 50-hour simple moving average and the weekly R2 simple pivot point at 0.9985. However, by 14:00 GMT, the pair was observed to have recovered back
Since finding support in the 0.9700 level on Friday, the EUR/USD has been recovering. Most recently, the rate encountered resistance in the 1.0050 level and support was provided by the 1.0000 mark. Economic Calendar Analysis On Thursday, the Euro will react to the European Central Bank's announcement of the Main Refinancing Rate and the follow up press conference. The publication of the
On Monday morning, the EUR/USD confirmed that the 0.9900 level can act as resistance, as the pair bounced off it. Economic Calendar Analysis On Monday, look out for the Markit Services and Manufacturing sector Purchasing managers Indices. The European release is set to occur from 07:15 up to 08:00 GMT. The UK data will be out at 08:30 GMT. US results will
On Friday morning, the EUR/USD bounced off the 0.9800 mark and declined below the support of the 200-hour simple moving average near 0.9765. By the middle of the day, the rate was approaching the support of the weekly simple pivot point at 0.9719 and the 0.9708/0.9715 zone. Economic Calendar Analysis On Monday, look out for the Markit Services and Manufacturing sector Purchasing
On Thursday morning, the EUR/USD found support in the 200-hour simple moving average near 0.9755. The support was enough to cause a retracement to the combined resistance of the levels near 0.9800. Namely, the 0.9800 mark, the 100-hour SMA and the 50-hour SMA were located at 0.9795/0.9810. Economic Calendar Analysis This week, there is only one notable scheduled event, which could impact
On Wednesday, the EUR/USD declined below the support levels near 0.9800 and reached the 0.9760 level. During the second part of the day the pair fluctuated between the 0.9760 and 0.9800 levels. Economic Calendar Analysis This week, there is only one notable scheduled event, which could impact the US Dollar and the financial markets. On Thursday, a minor move could occur due
The EUR/USD broke the resistance of the 0.9800 level on Monday. By the middle of Tuesday's trading, a follow up surge had reached above the 0.9850 level. Economic Calendar Analysis This week, there is only one notable scheduled event, which could impact the US Dollar and the financial markets. On Thursday, a minor move could occur due to the Philadelphia Federal Reserve
On Friday, the EUR/USD was highly volatile in the 0.9700/0.9800 range. On Monday, the pair was trading near the 0.9750 level. Economic Calendar Analysis This week, there is only one notable scheduled event, which could impact the US Dollar and the financial markets. On Thursday, a minor move could occur due to the Philadelphia Federal Reserve Manufacturing Index release at 12:30 GMT.
The EUR/USD plummeted as higher than expected US inflation was revealed at mid-day on Thursday. However, as an hour passed and the US markets opened, the US Dollar declined against all assets. On the pair's charts it resulted in a surge to the resistance of the 0.9800 level. The round level acted as resistance and by mid-Friday the pair was back
As the EUR/USD waited for the US CPI release on Thursday at 12:30 GMT, the pair remained in previous range. The future direction will be set by the macroeconomic data release. High inflation will beat the rate down and low inflation will cause a surge. Economic Calendar Analysis On Thursday, the top event of the week will take place. The United States
Despite shortly reaching above 0.9750, the EUR/USD still trades near 0.9700. Namely, the pair attempted to surge and encountered resistance in the 100-hour simple moving average. On Wednesday morning, the SMA had approached the 0.9750 level. Economic Calendar Analysis This week, the markets are looking forward for the monthly United States inflation and retail sales data. In addition, on Wednesday, the FOMC
The EUR/USD currency pair has been trading around the 0.9700 mark since the early hours of Monday's trading. However, on Tuesday morning, the pair shortly fluctuated at a new weekly low near 0.9670. In general, it could be possible that the rate remains almost flat until the US inflation data is released later in the week. Economic Calendar Analysis This week, the
On Monday morning, the decline of the EUR/USD, which was caused by the better than expected US employment data, continued. By 08:30 GMT, the currency pair had reached below the 0.9700 mark. The round level did not act as support. Economic Calendar Analysis This week, the markets are looking forward for the monthly United States inflation and retail sales data. In addition,
The 1.0000 mark provided enough resistance to cause a decline of the EUR/USD. During the second part of Wednesday's trading, the currency pair found support in the combination of the 100-hour simple moving average and the 0.9850 level. The support was enough to cause a move upwards. On Thursday morning, the pair was testing the resistance of the weekly R1 at
During late Tuesday's trading a broad decline of the US Dollar occurred. On the EUR/USD charts it resulted in the pair breaking one resistance after another until the 1.0000 mark was reached. The 1.0000 level acted as resistance and caused sideways trading in the 0.9950/1.0000 range. Economic Calendar Analysis On Wednesday, the US ISM Services PMI is likely going to cause USD
The EUR/USD broke the resistance zone at 0.9865/0.9875 on Tuesday morning. Economic Calendar Analysis This week, the rate is expected to move due to the publication of the JOLTS Job Openings on Tuesday at 14:00 GMT. On Wednesday, the US ISM Services PMI is likely going to cause USD moves. The Monday's Manufacturing PMI caused a broad decline of the US Dollar. Above
Since Friday, the EUR/USD has been trading in the 0.9750/0.9850 range. In the meantime, the hourly simple moving averages, which had reached the rate, failed to impact it. In general, Friday's forecasts remain unchanged. Economic Calendar Analysis This week, the rate is expected to move due to the publication of the JOLTS Job Openings on Tuesday at 14:00 GMT. On Wednesday, the
The Euro has received an additional boost, as inflation in Germany has reached a new record high, being revealed to be above 10.00%. The event boosted the Euro, as the markets took in the news as pressure on the European Central Bank to increase monetary tightening. On the technical charts the event occurred as a test and afterwards breaking of the
As the EUR/USD was trading between the support zone near 0.9550 and the 0.9600 mark, the Bank of England caused a broad decline of the US Dollar. Namely, the central bank announced that it would reduce its monetary tightening by buying UK government bonds at a total amount of 65 GBP billion. The markets took in the news as the
The resistance of the 50-hour simple moving average was enough to force the EUR/USD into declining an reaching a new low level. On Wednesday morning, the pair touched the 0.9540 level. Economic Calendar Analysis On Friday, at 12:30 GMT the Core Personal Consumption Expenditure Price Index is bound to make an impact, as the head of the Federal Reserve Jerome Powell revealed
The EUR/USD currency pair has revealed that it finds support in the 0.9600 level and resistance is provided by the 0.9700 mark. In the meantime, it was spotted on Tuesday morning that the pair was approached from above by the additional resistance of the 50-hour simple moving average. Economic Calendar Analysis This week, there are two times to look at the economic
At the start of this week's trading, the global strengthening of the US Dollar continued, as the EUR/USD reached the 0.9550 level. In the meantime, it was noticed that the pair was respecting the resistance of the 0.9700 mark. Economic Calendar Analysis This week, there are two times to look at the economic event calendar. On Tuesday, at 14:00 GMT, the CB
The EUR/USD was highly volatile during the release of the Federal Reserve rate and follow up press conference. The high volatility ended with the pair declining. At midnight to Thursday, the pair reached the 0.9808 level. During the morning hours, the pair was expected to look for support in the 0.9800 mark and the weekly S2 simple pivot point. Economic Calendar
The EUR/USD has reached a new low level. The reason for the decline is simple. At 18:00 GMT, the US Federal Reserve will boost demand for the Dollar by increasing USD base interest rate. The question before the event is what size would the hike be, as recent 0.75% hikes have failed to stop inflation growth in the US.Meanwhile, Dukascopy