On June 16, the US Federal Reserve published the Federal Open Market Committee's Statement, Economic Projections and Federal Funds Rate. During the forty minutes following the announcement, the EUR/USD currency exchange rate dropped 100 base points. On Thursday, the decline of the EUR/USD had stopped at the support of the weekly S3 simple pivot point at 1.1937. Economic Calendar Analysis On Thursday, the
The EUR/USD bounced off the support of the zone above the 1.2100 level and started a recovery, which ended at the 1.2130 level. On Wednesday, the pair was trading sideways between the 55 and 100-hour simple moving averages, which were located at 1.2120 and 1.2136. In the near term future, the rate was expected to get squeezed in between the 55
The EUR/USD did not continue to trade in the channel down pattern. Namely, after holding for five hours, the upper trend line of the pattern failed and was passed. By the middle of Tuesday's trading hours, the pair had reached the combined resistance of the 100-hour simple moving average and the resistance of the June 7 and 10 low levels near
On Monday morning, the EUR/USD started the week's trading by fluctuating near the 1.2100 mark. Note that the Friday's drop passed the support of the June low level and reached below the 1.2100 level. Due to that reason, an extension of the decline is possible. Economic Calendar Analysis Expect an update to the calendar section with the week's event reviews soon. Click on the
On Thursday, the Eurozone currency surged by 24 pips or 0.20% against the US Dollar. The currency pair breached the 55-, 100– and 200– hour SMAs during Thursday's trading session. Economic Calendar Analysis Notable events for this week have ended. Expect an update to the calendar section with the next week's event reviews soon. Click on the link below to find out more about
On Wednesday, the common European currency declined by 44 pips or 0.36% against the US Dollar. The currency pair fell below the 55-, 100 and 200– hour SMAs during Wednesday's trading session. Economic Calendar Analysis On Thursday, the ECB Main Refinancing Rate and Monetary Policy Statement are set to be published. This event has moved the EUR/USD from 3.8 to 30.6 base points. However,
During Tuesday's trading session, the EUR/USD currency pair traded with low volume. The exchange rate bounced between the 55– hour SMA at 1.2170 and the 200– hour moving average at 1.2185 on Tuesday. Economic Calendar Analysis On Thursday, the ECB Main Refinancing Rate and Monetary Policy Statement are set to be published. This event has moved the EUR/USD from 3.8 to 30.6 base
On Monday, the EUR/USD currency pair breached the 55, 100– and 200– hour SMAs. The exchange rate surged by 47 pips or 0.39% during Monday's trading session. Economic Calendar Analysis On Thursday, the ECB Main Refinancing Rate and Monetary Policy Statement are set to be published. This event has moved the EUR/USD from 3.8 to 30.6 base points. However, take into account that
On Thursday, the EUR/USD passed the support zone above the 1.2160 mark. It resulted in a decline, which by the middle of Friday's GMT trading hours had reached the 1.2105 level. At mid-day on Friday, at 12:30 GMT, the value of the US Dollar plummeted due to the release of the US monthly employment data. The EUR/USD surged by 60 base
On Wednesday, the EUR/USD found support in the zone just above the 1.2160 mark and retraced back up to the resistance of the 55-hour simple moving average near 1.2220. Afterwards, the rate bounced off this level and began a decline. By the middle of Thursday's trading, the rate was heading back to the support of the 1.2160 level. Economic Calendar Analysis There
On Wednesday, the EUR/USD passed the support of the 55, 100 and 200-hour simple moving averages. Moreover, the 1.2200 mark and the weekly simple pivot point at 1.2198 were passed. By the middle of the day's European trading hours, the rate had reached the 1.2170 level. Economic Calendar Analysis There is one major notable event to watch this week. The US Employment
On Monday, the EUR/USD managed to pass the resistance of the 100 and 200-hour simple moving averages near 1.2200. It was followed by a surge, which on Tuesday was testing the 1.2240 level. Note that the 1.2240 level reversed the rate's two surges. Namely, the EUR/USD bounced off the 1.2240 mark on May 19 and 21. Economic Calendar Analysis There is one
The EUR/USD pierced the late May support zone above the 1.2160 level on Friday. However, almost immediately the rate returned to trading near the 1.2000 level. On Monday morning, the rate fluctuated in limbo around the round exchange rate level. Economic Calendar Analysis There is one major notable event to watch this week. The US Employment data sets on Friday at 12:30
The EUR/USD currency pair remained below the 55-, 100– and 200– hour SMAs on Thursday. The exchange rate found support at the 1.2180 level during Thursday's trading session. Economic Calendar Analysis Notable events for this week have ended. Expect an update to the calendar section with the next week's event reviews soon. Click on the link below to find out more about the
On Wednesday, Euro edged lower by 79 pips or 0.65% against the US Dollar. A breakout occurred through the lower boundary of an ascending channel pattern during Wednesday's trading session. Economic Calendar Analysis At 12:30 GMT on Thursday, the US Preliminary GDP has been published. This event has caused EUR/USD moves from 6.3 to 15.1 pips. Note that in most cases the
On Tuesday, the Eurozone single currency surged by 36 pips or 0.29% against the US Dollar. The currency pair tested the 1.2260 level during yesterday's trading session. Economic Calendar Analysis At 12:30 GMT on Thursday, the US Preliminary GDP is set to be published. This event has caused EUR/USD moves from 6.3 to 15.1 pips. Note that in most cases the rate
During Monday's trading session, the EUR/USD currency pair surged by 47 pips or 0.39%. The exchange rate breached the 55– and 100– hour simple moving averages on Monday. Economic Calendar Analysis At 12:30 GMT on Thursday, the US Preliminary GDP is set to be published. This event has caused EUR/USD moves from 6.3 to 15.1 pips. Note that in most cases the
The Eurozone single currency declined by 77 pips or 0.63% against the US Dollar on Friday. The decline was stopped by the 200– hour simple moving average during Friday's trading session. Currently, the exchange rate is trading near the lower boundary of an ascending channel pattern and could be set for a breakout. Economic Calendar Analysis At 12:30 GMT on Thursday, the
The EUR/USD managed to surge by passing the 55-hour simple moving average. Support was provided by the 100-hour simple moving average. During the early Friday's European trading hours, the rate had reached the resistance of the 1.2240/1.2245 zone. Note that the 1.2245 level is the February high level, which reversed the pair's recovery and caused a 4.30% decline. Economic Calendar Analysis At
The previous May high levels did not provide support to the rate on Wednesday. However, just below the high levels, the 100-hour simple moving average provided support. By the middle of Thursday's trading, the EUR/USD had been pushed up by the SMA to the resistance of the 1.2200 mark. The 1.2200 level was being strengthened by the resistance of the
On Wednesday morning, the EUR/USD currency exchange rate touched the 1.2245 level. However, the rate began a retracement down in the aftermath. Potential support could be provided by the 1.2200 mark and the weekly R1 simple pivot point at 1.2201. Economic Calendar Analysis The rate could move due to the FOMC Meeting Minutes on Wednesday at 18:00 GMT. The pair has moved
On Tuesday morning, the EUR/USD currency exchange rate broke the resistance of the 1.2175/1.2180 zone. It was followed up by an immediate passing of the resistance of the weekly R1 simple pivot point at 1.2201 and the 1.2200 mark. Economic Calendar Analysis The rate could move due to the FOMC Meeting Minutes on Wednesday at 18:00 GMT. The pair has moved from
The EUR/USD currency exchange rate started the week by finding support in the new weekly simple pivot point at 1.2126 and starting a surge. By the middle of Monday's trading hours, the rate had touched the 1.2170 level which appeared to be capable to provide resistance. Economic Calendar Analysis The rate could move due to the FOMC Meeting Minutes on Wednesday at
On Friday morning, the EUR/USD currency exchange rate passed the resistance of the 55 and 200-hour simple moving averages and reached above the 1.2100 level. However, almost immediately resistance was provided by the weekly simple pivot point at 1.2109. Economic Calendar Analysis On Friday, the US Retail Sales and Core Retail Sales at 12:30 GMT are bound to move the pair, as the