The Euro appreciated against the US Dollar, following the German Flash PMIs survey results release on Wednesday at 08:30 GMT. The EUR/USD exchange currency rate gained 40 pips or 0.33% after the release. The Euro continued trading at the 1.2200 level against the Greenback after the release. Markit released the German Flash Manufacturing PMI survey results, which came out better-than-expected of
The EUR/USD failed to pass the resistance zone of 1.2160/1.2177 on Monday. Moreover, by the middle of Tuesday's trading hours, the currency exchange rate had made three more attempts to pass this zone. In the meantime, it was spotted that the currency exchange rate was supported by the 55, 100 and 200-hour simple moving averages. Economic Calendar Analysis The week in itself
On Friday, the EUR/USD failed at its second attempt to pass the resistance of the 1.2160 level. The resistance held and the pair retreated to the 1.2110 level. This level provided the rate with support and stopped the decline. On Monday, the rate started the week with a surge, as it opened with a gap up and continued with a surge.
The surge of the EUR/USD managed to pass technical resistance levels and surge to 1.2160. This level provided the currency pair with resistance and stopped the rate's Thursday surge. Moreover, another attempt to pass this level failed on Friday morning. In regards to the near term future, the pair could be pushed up by the support of the 55, 100 and
Eventually, the support of the 1.2100 failed on Wednesday, as the rate declined even below the support levels that were located at the 1.2075 mark. The rate's decline ended at the 1.2060 level, which provided enough support for the rate to surge to the 1.2110 mark By the middle of the day's European trading hours, the rate had begun to trade
The support of the 2017 low level at 1.2100 held on Tuesday, and the rate remained above it. Moreover, on Wednesday morning, there was a surge through the resistance of the 55 and 100-hour simple moving averages up to the 1.2150 mark. By the middle of the day's European trading hours, the rate was once again approaching the support of the
The EUR/USD bounced off the resistance of the 1.2160 mark on Monday. It resulted in a decline below the 55 and 100-hour simple moving average. Throughout Tuesday's trading hours, the currency exchange rate fluctuated between the psychological support of the 1.2100 level and the resistance of the 55 and 100-hour simple moving averages. Economic Calendar Analysis There are couple events that could affect
The EUR/USD started the week's trading with a sharp decline, as it retraced back down to the 1.2080 mark before European mid-day trading. In the near term future, the rate was expected to look for support in the 1.2080 mark, which proided resistance on December 2, and the weekly simple pivot point at the 1.2075 level. Economic Calendar Analysis There are couple events
The surge of the EUR/USD continues, as the currency exchange rate has passed the 1.2150 level. On the hourly candle chart there was only one technical resistance level left. Namely, the weekly R3 simple pivot point was located at the 1.2185 mark. In the meantime, the rate has surged too sharply in the recent past, which indicates that a retracement back
The surge of the EUR/USD continues, as the currency exchange rate has passed the 2017 high level of 1.2100. On the hourly candle chart there was only one technical resistance level left. Namely, the weekly R3 simple pivot point was located at the 1.2185 mark. In the meantime, the rate has surged too sharply in the recent past, which indicates that
The rate managed to pass the resistance of the 1.2000 level. Moreover, the weekly R1 simple pivot point at 1.2020 did not stop the rate's following surge. On Wednesday morning, the currency exchange rate had bounced off the resistance of the 1.2080 mark, which was strengthened by the weekly R2 simple pivot point at 1.2075. Economic Calendar Analysis On Wednesday and Thursday, the
In general, the EUR/USD has bounced off the resistance of the 1.2000. However, the pair has already found support and is set to make another attempt at the round exchange rate level. Economic Calendar Analysis On Tuesday, the EUR/USD currency exchange rate could be impacted by the 15:00 GMT publication of the US ISM Manufacturing PMI. The pair has moved from 9.1
On Monday, the EUR/USD currency exchange rate was heading to the resistance of the round exchange level of 1.2000. Future forecasts were based upon what would happen at this level. Economic Calendar Analysis On Tuesday, the EUR/USD currency exchange rate could be impacted by the 15:00 GMT publication of the US ISM Manufacturing PMI. The pair has moved from 9.1 to 40.0
On Friday, the EUR/USD was being pushed up by the 55-hour SMA into the resistance of the weekly R2 simple pivot point. Future forecasts were based upon whether the SMA manages to push the rate above the pivot point. Economic Calendar Analysis Next week, on Tuesday, the EUR/USD currency exchange rate could be impacted by the 15:00 GMT publication of the US
On Thursday morning, the EUR/USD reached the resistance of the 1.1940 level, which caused a decline of the currency exchange rate. By the middle of Thursday's trading hours, the currency pair was approaching the support levels that were located near the 1.1900 level. Economic Calendar Analysis There are no more notable events scheduled for this week. However, one can research the events
The surge of the EUR/USD managed to once again pass the resistances located from 1.1890 to 1.1900. On Wednesday morning, the rate managed to touch the 1.1930 level. In regards to the near term future, the rate was expected to test the resistance of the weekly R2 simple pivot point at 1.1936. Economic Calendar Analysis At 12:30 GMT the usual US
On Monday, a sudden surge of the USD occurred, which was attributed to the announcement of a new coronavirus vaccine. As a result, the EUR/USD currency exchange rate plummeted to the 1.1800 level. By the start of the US trading on Tuesday, the rate had recovered and had once again tested the previously broken resistance zone near 1.1890 and
The EUR/USD started the week by finding support in the 55 and 100-hour SMA and afterwards surging to the resistance zone near 1.1890. By the middle of the day, the zone was passed, as the rate pierced it at 11:00 GMT. In the near term future, the pair was expected to test the combined resistance of the weekly R1 simple
The 1.1820 level provided enough support to the EUR/USD currency exchange rate for it to surge and once again test the resistance of the 1.1890 level. On Friday, the rate had bounced off this level and declined to the 1.1850 mark. Economic Calendar Analysis Next week, the top of the tops day will be Monday. On that day, Markit PMIs are scheduled
On Wednesday, the EUR/USD currency exchange rate failed to pass the resistance of the 1.1890 level, which provided enough resistance for the pair to start a decline. By the middle of Thursday's GMT trading hours, the currency exchange rate had reached below all close by technical support levels and touched the 1.1820 mark. Economic Calendar Analysis On Thursday, expect the usual US
The support of the hourly moving averages managed to push the EUR/USD up. By the middle of Tuesday's European trading hours, the pair had passed the resistance zone near the 1.1870 level. Meanwhile, analysts spotted a channel up pattern on the chart, which captures the rate's surge that has been occurring since November 11. Economic Calendar Analysis Notable data releases start on
On Monday, the EUR/USD reached the 1.1870 level, from which it bounced off to retreat to the new weekly simple pivot point at 1.1835. In the meantime, the currency exchange rate was being approached by the support of the 55, 100 and 200-hour simple moving averages. Economic Calendar Analysis Notable data releases start on Tuesday. At 13:30 GMT, expect the US Retail
On Friday morning, the EUR/USD traded sideways above the 1.1800 mark. However, the rate had passed the resistance of the 100-hour SMA. In addition, the pair was being approached by the support of the 200-hour SMA. In regards to the near term future, the currency exchange rate was expected to surge due to the support of the 55 and 200-hour
On Thursday, the EUR/USD surged, as it found support in the 1.1760 level. In the meantime, note that the 1.1750 stopped the rate's Wednesday's decline. By the middle of Thursday's European trading hours, the EUR/USD passed the resistance of the weekly pivot point at 1.1790 and the 55-hour SMA at 1.1798. Next resistance was the 100-hour SMA. Economic Calendar Analysis During the