EUR/USD saw a slight decrease in price, but sideways trading was observed during the previous week. Economic Calendar Analysis Elevated volatility is expected towards Thursday and Friday when the US labor market and Eurozone GDP data will be released. EUR/USD hourly chart analysis The FX pair is trading below the 1.03400 price level. If slow price action continues, no momentum should be expected. A
EUR/USD saw a slight decrease over the previous week, with tariffs pushing the DXY higher and strengthening the dollar against several currencies. Economic Calendar Analysis No significant volatility is expected from fundamental news this week, but the ISM Manufacturing PMI on Monday and employment numbers on Friday could impact overall fundamentals. EUR/USD hourly chart analysis The repricing of the dollar has resulted in the
EUR/USD has recovered above 1.05000, following a rebound from the 1.03100 level seen in the previous week. Economic Calendar Analysis This week is expected to bring increased volatility, given the multiple economic data releases and macroeconomic events occurring that could significantly impact the FX pair in the first month of 2025. EUR/USD hourly chart analysis The EUR/USD pair is currently trading above the 50,
EUR/USD price action has stabilized during previous week. Upcoming Trump Inauguration could possibly bring unwanted volatility this week. Economic Calendar Analysis No significant economic news should be anticipated. EUR/USD hourly chart analysis Significant consolidation at 1.0300 price level has occurred at one hour chart. If bullish momentum does not materialize to reverse the trend, it is likely that the pair will continue moving
Further movement in EUR/USD could signal a continuation of the trend for 2025. A strong dollar and uncertainty could push the FX pair towards the 0.9600 level in the long term if both fundamental and technical data support it. Economic Calendar Analysis Although this week is filled with data releases, starting with core PPI on Monday and ending with jobless claims on
The EUR/USD is looking for momentum and aiming for significantly higher price levels in the near term, considering the upcoming economic data releases this week. The trading bias should be established within this week. Economic Calendar Analysis When making market assessments this week, volatility levels should be considered elevated. Starting on Tuesday with the EU unemployment rate, and continuing through the week
After a slow holiday-filled trading week, the EUR/USD currency pair has recovered above the 1.04140 price level. Price consolidation during the holiday-shortened week was expected due to fewer market participants. FX pair has recovered, the 50-hour and 100-hour simple moving averages are below 1.04330. Economic Calendar Analysis This week, macro data could bring moderate volatility, as traders actively position themselves for 2025. The
After a slight pause in downward pressure, EUR/USD continued to drop, reaching a price level of 1.0345, driven by uncertainty surrounding the EU's economic outlook and the Fed's decision to cut interest rates. Although the FX pair has recovered, the 50-hour and 100-hour simple moving averages are below 1.04330, which could be considered a signal for consolidation, provided no significant fundamental
The decline of the EUR/USD has stopped as the Dollar strengthened throughout the week. The 1.0500 mark was reached and acted as support. Sideways trading has been ongoing for quite some time. In the meantime, the 50-hour and 100-hour simple moving averages are within the previous week's FX rate range, thus creating a higher probability scenario for a reversal if market
The decline of the EUR/USD has stopped, as the Dollar strengthened throughout the week. The 1.0500 mark was reached that acted as support. In the meantime, the 50 and 100-hour simple moving are within previous weeks fx rate range, thus creating a higher probability scenario of a reversal if there would be market parameters that would allow such condition. Economic Calendar
The decline of the EUR/USD has stopped, as the Dollar strengthened throughout the week. The 1.0500 mark was reached that acted as support. Upcoming week will test 1.0500 level In the meantime, the 50 and 100-hour simple moving averages are significantly higher than the current currency pair rate, thus creating a higher probability scenario of a reversal if there would be
The decline of the EUR/USD continued, as the Dollar strengthened throughout the week. Eventually, the 1.0500 mark was reached that acted as support. However, the support was not enough to create a broader recovery, as the 1.0600 mark started to act as resistance. In the meantime, the 50 and 100-hour simple moving averages revealed that they are capable of impacting the
In the aftermath of the US elections, the EUR/USD declined due to a broad strengthening of the US Dollar. It was expected by our analysts that the USD would decline, as the Trump government would not care about inflation and stimulate the markets. However, it appears that the strengthening and potential gains in the USA are creating demand for the USD,
The EUR/USD is waiting for the US Presidential election near the 1.0900 mark. In general, the future direction will be given by the elections. Currently, market analysts expect the Dollar to drop in the case of a Trump win and the opposite, if Harris wins. Namely, Trump's comments on policy signal more stimulus. Economic Calendar Analysis The US Presidential Election and the
The 1.0800 mark was passed, during the prior week. However, support was found in the 1.0760 and 1.0780 levels. By the start of this week, the rate was trading near the 1.0800 mark, respecting technical levels around it. Economic Calendar Analysis This week, the market might move due to the combined release of the US CB Consumer Confidence and the JOLTS Job
In the aftermath of the ECB events, the EUR/USD has revealed a support and resistance range. Support is located at 1.0810/1.0815. Resistance is at 1.0870/1.0875. On Monday, the rate bounced off the resistance range that was strengthened by the 100-hour simple moving average and the weekly simple pivot point at 1.0871. However, by midday it appeared that support was found in
The support of the 1.0900 has failed. In the aftermath of the event, the rate is confirming the level as resistance. From a fundamental perspective, the EUR/USD is waiting for the ECB announcement that is set for Thursday afternoon. Economic Calendar Analysis This week, the top event will be the Thursday's European Central Bank interest rate announcement at 12:15 GMT. The Euro
On Thursday, after the US CPI publication, the EUR/USD found support in the 1.0900 mark. Meanwhile, resistance was provided by the prior support range at 1.0950/1.0955. This week, the pair fluctuated between the two levels, as it consolidated, as indicated by rather flat trading and approaching hourly simple moving averages.In the meantime, it was observed that since Wednesday traders have
Since Friday, the EUR/USD has fluctuated between the support of the 1.0950 level and the resistance of the 1.1000. Meanwhile, the currency pair was ignoring the 50 and 100-hour simple moving averages. Besides these developments, the situation has not changed. Economic Calendar Analysis On Thursday, the top event of the week will take place. At 12:30 GMT, the US Consumer Price Index
On Friday, the EUR/USD plummeted due to the US Dollar strengthening that was caused by the much better than expected US monthly employment data. On the EUR/USD charts, it coincided with the pair bouncing off the resistance zone at 1.1040/1.1065 and the 50-hour simple moving average. Afterwards, the pair found support in the 1.0950 level. Economic Calendar Analysis This week, the markets
The EUR/USD has failed to pass the resistance zone above 1.1200. The rate has declined and passed below one support range after another. On Wednesday, it looked like the currency pair had found support in the 1.1050 range. Meanwhile, resistance was provided by the 1.1075/1.1085 zone. Economic Calendar Analysis On Thursday, the Institute for Supply Management will publish the Seervices sector Purchasing
Since Wednesday, the EUR/USD is finding support near the 1.1120 level. Meanwhile, resistance is encountered at 1.1200/1.1215. In addition, the pair is impacted by the combination of the 50, 100 and 200-hour simple moving averages near 1.1150. Economic Calendar Analysis This week, the market could move due to a couple of scheduled macroeconomic data releases. On Tuesday, note the release of the
The recovery of the EUR/USD rate has managed to break the resistance of the 1.1200 mark. However, the weekly R1 simple pivot point has provided enough resistance for a retracement back down to occur. Economic Calendar Analysis On Thursday, the markets might react to the publication of the US Final GDP data release. However, the Final release is the one with the
Despite the publication of the European PMIs and sharp decline, the EUR/USD currency pair remains near the 1.1150 mark. In general, the rate still respects the resistance of 1.1200 and the support range near 1.1080. Economic Calendar Analysis On Tuesday, the CB Consumer Confidence index might impact the markets via an adjustment of the US Dollar's value at 14:00 GMT. On Thursday,