The EUR/USD started the week by trading between the support of the 55 and 100-hour SMAs near 1.0810 and the resistance of the 200-hour SMA near 1.0830. In general, it was observed that the pair could break out in either direction up or down. US Flash Manufacturing PMI The Euro appreciated against the US Dollar, following the US Flash Manufacturing PMI
The 55-hour SMA failed to push the rate through the support of the weekly S1 simple pivot point, which is located at 1.0788. Moreover, the currency exchange rate has managed to pass the resistance of both the 55 and 100-hour simple moving averages. FOMC Meeting Minutes The European Common Currency traded sideways against the US Dollar, following the FOMC Meeting Minutes
During the first half of Thursday's GMT trading hours, the EUR/USD traded between the support of the weekly S1 simple pivot point at 1.0788 and the 55-hour simple moving average near 1.0800. In general, it was expected that the 55-hour SMA would push the rate through the support of the pivot point, and the rate would decline. Economic Calendar Analysis This week
As expected, the 55-hour simple moving average has pushed the EUR/USD down to the support of the weekly S1 simple pivot point at 1.0788. By the middle of Wednesday's trading hours, the rate had begun to trade sideways near the 1.0800 level. Economic Calendar Analysis During the week there is only one notable event that could impact the EUR/USD pair. On Wednesday,
On the EUR/USD hourly candle chart, it could be observed on Tuesday that the pair is being pushed down by the 55-hour simple moving average. By the middle of the day, the SMA had forced the pair into passing the support of the 1.0830 level. This indicates that the pair could decline even more. Economic Calendar Analysis During the week there is
The EUR/USD currency exchange rate remains above the 1.0830 level, which has kept the rate up since Friday. In the meantime, the pair is being pushed down by the 55-hour simple moving average. In general, the SMA and the support level should be watched for hints at the pair's future direction. Namely, if the 1.0830 would get passed, the rate
The EUR/USD currency pair declined below the 2019 low at 1.0880. During Friday morning, the pair was trading at the weekly S2 at 1.0842. Given that the pair is pressured by the 55-hour SMA, it is likely that some downside potential could prevail. Economic Calendar Analysis Today, the US Retail Sales data will be out also at 13:30 GMT. This event has
The EUR/USD currency pair has reached the 2019 low at 1.0880. Given that the pair is pressured by the 55-hour moving average, some downside potential could prevail. Note that the nearest possible support level - the weekly S2, is located at 1.0842. Economic Calendar Analysis This week's data is available. Click on the link below to see the historical data tables with
The EUR/USD currency pair has been consolidating in the 1.0920 area since Monday . Given that the pair is pressured by the 55-hour moving average, some downside potential could prevail. Note that the 2018/2019 low is located at 1.0880. Economic Calendar Analysis This week's data is available. Click on the link below to see the historical data tables with the reactions
The EUR/USD currency pair is below the psychological level at 1.0950. During Tuesday morning, the pair was testing the psychological level at 1.0910. Note that the 2018/2019 low is located at 1.0880. Economic Calendar Analysis This week's data is available. Click on the link below to see the historical data tables with the reactions to the events. On Thursday, the US CPI
The EUR/USD currency pair remains to trade below the psychological level at 1.1000. During Monday morning, the pair was trading near the lower boundary of the medium-term descending channel at 1.0950. It is likely that the exchange rate could follow the given channel in the short term. Economic Calendar Analysis This week's data is available. Click on the link below to see
The EUR/USD has passed the support of the 1.1000 level in a sudden sharp move that reached the 1.0970 mark. At the 1.0970 mark the pair found support and retraced back up to the 1.0984 level. This level provided the resistance that caused the most recent decline. By the middle of Friday's European trading hours, the rate had already reached the
On Wednesday, as expected, the EUR/USD reached the 1.1000 level. Since reaching this level, the rate traded in limbo around it. In general, the rate was expected to continue to trade sideways until the resistance of the hourly simple moving averages approaches and pushes the rate down. Economic Calendar Analysis On Friday, at 13:30 GMT the US will release their employment data. The
By the middle of Wednesday's London trading hours, the EUR/USD had reached the 1.1020 level. Meanwhile, the rate had passed the support of the 100 and 200-hour SMAs and a weekly pivot point. In regards to the near term future, the decline was expected to continue, as the pair had no technical support as low as 1.1000. Economic Calendar Analysis Note that on
On Tuesday, the EUR/USD traded near the 1.1050 level. It was being supported by two SMAs near 1.1040 and two resistance levels near 1.1060. The support and resistance levels should be looked at for guidance of the rate's future direction. US ISM Manufacturing PMI The European Common Currency depreciated against the US Dollar, following the US ISM Manufacturing PMI survey results
On Friday, the rate managed to pass the resistance of the 1.1040 level. Moreover, the rate surged above the 1.1090 level. On Monday, the EUR/USD pair was retracing back downwards. In general, the rate was finding support in the weekly pivot point near 1.1060, and it was expected to surge, as the rate is approached by the 55-hour SMA. Economic Calendar Analysis The
On Thursday, the surge of the EUR/USD found resistance in the 1.1040 level. Afterwards a consolidating decline down to the support of the 55 and 100-hour SMAs occurred. The currency exchange rate found support in those technical indicators. In general, the rate was expected to recover and make another attempt to pass the resistance at 1.1040. In the meantime, take into
The EUR/USD found support in the weekly S1 simple pivot point at 1.0992 and began a surge. By the middle of Thursday's trading, the rate had pierced the last resistance level near the 1.1020 mark. In the near term future, the currency exchange rate was expected to aim for the upper trend line of a channel down pattern near the 1.1025
On Wednesday, the EUR/USD rate pierced the support of the 1.1000 level. Namely, it traded shortly below this mark. However, it does not indicate that the rate is set to reach new low levels. The pair was piercing the 1.1000 mark the same way in November when the rate eventually found support and surged. ECB Monetary Policy Statement The European
Since the middle of Monday's GMT trading hours, the EUR/USD has traded almost flat near the 1.1020 level. In the meantime, the rate was being approached by the 55-hour simple moving average. The SMA was expected to provide resistance and push the rate down. Economic Calendar Analysis This week, on Tuesday, minor spike in volatility could occur due to the US Durable Goods
During Monday morning, the EUR/USD was trading at the 1.1030 area. The pair could gain support of the lower boundary of the short-term descending channel and reverse north in the nearest future. Otherwise, some downside potential could prevail. Economic Calendar Analysis This week, on Tuesday, minor spike in volatility could occur due to the US Durable Goods Orders Release at 13:30 GMT. This
As forecast on Thursday, the EUR/USD declined. The push for the rate's decline was the ECB Monetary Policy Statement, which revealed that the creation of the EUR currency would continue. Namely, there will be more EUR in circulation, which decreases the value of the currency. By the middle of Friday's trading, the rate had almost touched the 1.1030 level. Moreover, the
On Thursday morning, the EUR/USD continued to trade near previous day's trading levels, as it fluctuated near the 1.1080 mark. However, the rate had pierced the support of the 1.1080 level. Moreover, the rate failed two times to pass resistance levels near 1.1100. These facts combined signal that the currency exchange rate would decline. Economic Calendar Analysis On Thursday, the European Central
In the aftermath of breaking the resistance of the 55-hour SMA, the EUR/USD reached the resistance levels near 1.1120 and bounced off them. By the middle of Wednesday's trading session, the rate had once more declined to the support of the 1.1080 level. In general, the rate was expected to trade above the 1.1080 level until the resistance of the 55