Tuesday's scenarios did not become reality, as a sharp two hour decline prior to mid-day Tuesday GMT trading hours occurred. During the decline, the rate passed the support of the 100-hour SMA and the 1.1800 mark. At the middle of Wednesday's European trading hours, the currency exchange rate was located below the 1.1790 level, where a weekly simple pivot point
The resistance of the 1.1900 level held on Monday, as the rate bounced off it after a last attempt to clearly pass it. This resulted in a decline, which pushed through the support of the 55-hour simple moving average. The decline ended at the 1.1800 mark, which was supported by the 100-hour simple moving average. Economic Calendar Analysis During the week,
The EUR/USD reached the 1.1900 mark, as expected. Although, no notable moves occurred in the aftermath of reaching the resistance level, as the rate began to trade sideways just below it. In the near term future, the rate could be pushed up by the support of the 55-hour simple moving average. Economic Calendar Analysis During the week, on Thursday, at 13:30 GMT
The 1.1850 level provided the EUR/USD currency exchange rate with resistance throughout Thursday. However, on Friday morning, the currency exchange rate passed this level and aimed at the 1.1900 mark. Future forecasts were based upon what would happen at the 1.1900 mark. Economic Calendar Analysis On Friday, the US are publishing their monthly employment statistics. Among them will be the Average Earnings,
The EUR/USD surge on Wednesday was slowed down by the resistance of the 1.1740 level. On Thursday morning, the resistance was broken and the rate surged above the 1.1800 mark. By the middle of Wednesday's GMT trading hours, the pair had no resistance as high as 1.1900. Economic Calendar Analysis On Thursday, expect the weekly US Unemployment Claims to cause a minor
At GMT midnight, when the polls closed in the US Presidential Election, the EUR/USD dropped from 1.1770 to 1.1605. However, afterwards the pair recovered and reached back up to the 1.1700 mark. In regards to the near term future, it appeared that the rate would slightly respect technical levels until the final results of the US Elections are announced. Economic Calendar
The resistance of the 55-hour SMA failed to continue the decline of the EUR/USD. Instead, the rate began a surge, which reached the 1.1700 level on Tuesday morning. In the meantime, the currency exchange rate had passed the resistance of the monthly simple pivot points and the 100-hour SMA. Economic Calendar Analysis US Elections on Tuesday are bound to take away all
The EUR/USD started the week's trading with reaching a new low level just above the 1.1620 mark. In the near term future, the decline was expected to continue, as the rate had no technical support as low as 1.1574 and the rate was being approached by the resistance of the 55-hour SMA. Economic Calendar Analysis US Elections on Tuesday are bound to
On Thursday, the EUR/USD passed the support of the 1.1700 mark and reached a new low level at 1.1650. This level provided enough psychological support for the rate to begin a consolidating retracement up. At the start of Friday's trading, the surge ended and, during the first half of the day, the rate declined. Economic Calendar Analysis Next week, US Elections on
On Wednesday, the EUR/USD found support in the 1.1720 level, which caused a surge back up to the 1.1760 level. On Thursday morning, the pair bounced off the 1.1760 level and began a new decline. Economic Calendar Analysis On Thursday, at 12:30 GMT two events will be released that the financial media will talk about. However, recently both of them have not
The EUR/USD has broken out of the triangle pattern to the downside. By the middle of Wednesday's GMT trading hours, the currency exchange rate had reached the 1.1740 mark. Moreover, the pair had no support as low as the 1.1707 level, where a 61.80% Fibonacci retracement level was located at. Economic Calendar Analysis On Tuesday, the US Durable Goods Orders and Core
On Tuesday morning, a triangle pattern was spotted on the hourly chart of EUR/USD. On Tuesday morning, the rate appeared to be making an attempt to break out of the pattern to the downside. The near term future scenarios were based upon whether or not a breakout occurs. Economic Calendar Analysis On Tuesday, the US Durable Goods Orders and Core Durable Goods
The EUR/USD started the week by trading above the 1.1800 level, where it ignored technical levels. Namely, the rate did not respect the 55 and 100-hour simple moving averages and the weekly simple pivot point. In regards to the near term future, the rate was expected to retreat and look for support near the 1.1800 level. Economic Calendar Analysis On Tuesday, the
The recent decline of the EUR/USD paused at midnight to Friday, as the pair touched the 1.1790 level before starting to trade sideways above the 1.1800 mark. At 07:30 GMT on Friday, the rate ended the sideways consolidation, as it surged to the 1.1820 mark. It was a signal that the rate could surge even higher. Economic Calendar Analysis Next week, on
The surge of the EUR/USD reached the 1.1880 level on Wednesday. This level provided resistance together with the weekly R2 simple pivot point that is located at 1.1884. The following decline found support in the 1.1840 mark, which was supported by the 55-hour simple moving average. It was expected that the SMA would push the rate into another test of
The EUR/USD found support in the 200-hour simple moving average on Tuesday morning and immediately started a surge. The surge of the rate passed one resistance level after another. On Wednesday morning, the currency exchange rate had already touched the 1.1870 mark. Economic Calendar Analysis Data releases start on Thursday. On that day the weekly US Unemployment Claims will be out at
Various resistance levels failed to keep the EUR/USD pair down, as by mid-Monday the rate had reached the 1.1790 level. On Tuesday morning, the currency exchange rate had consolidated by retreating and trading sideways near 1.1700. Afterwards, it found support in the 200-hour SMA and resumed the surge. Economic Calendar Analysis Data releases start on Thursday. On that day the weekly US
On Monday morning, the EUR/USD once again found support in the 61.80% Fibonacci retracement level at 1.1707. It resulted in a surge, which was expected to test the 1.1740 level. Note that the near term future would depend on whether the 1.1740 mark hold the rate down. Economic Calendar Analysis Data releases start on Thursday. On that day the weekly US Unemployment
On Thursday, the EUR/USD eventually managed to pierce the support of the 1.1707 level, where a 61.80% Fibonacci retracement level was located at. However, it did not result in a larger decline, as the 1.1690 level provided support. By the middle of Friday's GMT trading hours, the rate was trading sideways near 1.1700. Economic Calendar Analysis On Friday, the US Retail
The resistance of the 200-hour SMA kept the rate down on Wednesday until the 55-hour SMA approached and caused a drop. On Thursday morning, the rate's drop reached the support of the 61.80% Fibonacci retracement level at 1.1707. Economic Calendar Analysis On Thursday, the weekly US Unemployment Claims will be out at 12:30 GMT. The EUR/USD has started to ignore this
The EUR/USD broke the channel up pattern in a sharp move during Tuesday's GMT trading hours. On Wednesday, the rate traded sideways before starting a retracement back up. Economic Calendar Analysis On Thursday, the weekly US Unemployment Claims will be out at 12:30 GMT. The EUR/USD has started to ignore this release since the middle of September. Since then, the publication
On its fourth attempt on Friday, the EUR/USD passed the resistance of the monthly pivot point at 1.1782. This event resulted in a surge that reached the upper trend line of the channel up pattern near 1.1830. On Monday, the rate started the week's trading by fluctuating sideways near the 1.1820 mark. Economic Calendar Analysis The week's notable events are set
On Friday morning, the EUR/USD once again failed to pass the resistance of the monthly pivot point at 1.1782. In the meantime, take into account that on Thursday the rate had retreated to the lower trend line of the channel up pattern and the 200-hour simple moving average. Economic Calendar Analysis The week's notable events are set to start on Tuesday. At
On Wednesday and Thursday, the EUR/USD pair's recovery was stopped by the resistance of the simple monthly pivot point at 1.1782. Previously, during the week, this pivot point was not making an impact on the rate. In regards to the near term future, the rate was expected to trade sideways between 1.1760 and 1.1780. Economic Calendar Analysis On Thursday, as always, the