The EUR/USD has ended its sideways trading, as on Friday morning it was testing the resistance of the 1.1900 level. Future forecasts were based upon what would happen at that level. In the meantime, take into account that the Economic Calendar Analysis has been updated for the next week. Economic Calendar Analysis The first week of the month is upcoming. It is
On Thursday morning, the EUR/USD continued to test the resistance of the weekly simple pivot point at 1.1839 and the 200-hour simple moving average at 1.1848. In the meantime, it was spotted that the support of the 1.1785 level had stopped the rate's Wednesday decline and caused the most recent tests of the mentioned resistance levels. Economic Calendar Analysis On Thursday, the
On Wednesday, the resistance of the weekly simple pivot point at 1.1840 continued to hold. The rate had failed in numerous attempts at passing the resistance In the meantime, it could be spotted that the rate has begun to ignore the resistance and support of the 100-hour simple moving average. Economic Calendar Analysis On Wednesday, at 12:30 GMT traders should watch
During Tuesday morning GMT hours, the EUR/USD currency exchange rate surged to start another test of the technical resistance levels near the 1.1840 mark. Basically, the situation had not changed since Monday, as the rate remained in the same range between the support of 1.1785 and the resistance of 1.1840. Economic Calendar Analysis As the last week of the month, the following
On Friday, the 55 and 100-hour SMAs pushed the rate down. The EUR/USD almost reached the 1.1750 before a recovery started. On Monday, the pair started the week by surging and testing a cluster of resistance levels. Economic Calendar Analysis As the last week of the month, the following week is expected to be a quiet one. However, there are events that
After shortly touching the support of the 1.1800 level, the EUR/USD began a recovery, which during early Friday GMT morning hours had reached the resistance of the 55 and 100-hour SMA at 1.1880. The near term forecasts were based upon what would happen at the simple moving averages. FOMC Meeting Minutes The Euro traded sideways against the US Dollar, following the FOMC
The FOMC Meeting Minutes on Wednesday caused a drop of the currency exchange rate. A report in the Fundamental Analysis section about the event is upcoming. The decline of the rate found support in the 1.1830 level. In the near term future, the rate was expected to recover and test resistance levels. Economic Calendar Analysis On Thursday, the weekly US Unemployment Claims
The EUR/USD surged on Tuesday and reached the forecast target. Namely, the pair touched the weekly R2 simple pivot point and the upper trend line of the channel up pattern at 1.1960. Since reaching the target, the rate has been consolidating by trading sideways below the 1.1950 level. Economic Calendar Analysis Despite the week having high impact events on the calendar, Dukascopy
On Tuesday morning, the EUR/USD currency exchange rate reached the 1.1900 level, which was expected to be reached for more than a week. In addition, on Tuesday Dukascopy Analytics revealed an ascending channel pattern, which had been guiding the rate since August 11. Economic Calendar Analysis Despite the week having high impact events on the calendar, Dukascopy Analytics do not expect notable
During early Monday's trading hours, the EUR/USD attempted to pass the resistance near the 1.1860 level. Note that on Monday it was spotted that the 1.1865 mark is providing resistance not the 1.1860. In regards to the near term future, the rate could gain support of the hourly simple moving averages and pass the mentioned resistance level. Economic Calendar Analysis Despite the
The 1.1860 level stopped the EUR/USD pair's surge to the 1.1900 level. The rate retreated afterwards to find support in the 1.1800 level. On Friday morning, the rate fluctuated above the support of the 1.1800 mark, which consisted of the 55 and 200-hour SMAs and a weekly simple pivot point. Economic Calendar Analysis The week will end with the US Retail Sales
The resistance of the 1.1800 failed on Wednesday, as it was first pierced at mid-day and afterwards passed. In the future, the rate was expected to reach the 1.1900 level, where the next cluster of resistance was located at. Economic Calendar Analysis On Thursday, the US Unemployment Claims data might affect the market. The release is scheduled to 12:30 GMT. The week will
On Tuesday, the EUR/USD failed to pass the resistance of the weekly simple pivot point and the 200-hour simple moving average at the 1.1800 level. On Wednesday, the pair had once again reached the support of the 1.1720 level. Economic Calendar Analysis On Wednesday, the US Core CPI and CPI data will be released at 12:30 GMT. On Thursday, the US Unemployment Claims
The EUR/USD extended its decline to the 1.1720 level. However, it did not reach the 1.1700 mark, as it was forecast in the top scenario. On Tuesday morning, the rate found support in the 1.1720 mark and began a surge. Economic Calendar Analysis On Tuesday, the US Core PPI and PPI data are going to be released at 12:30 GMT. On Wednesday, the
The EUR/USD started the week with a decline below the 1.1750 mark. In theory, the decline was expected to continue, as the pair had no support as low as 1.1700. Meanwhile, the rate faced resistance of hourly simple moving averages and a pivot point above 1.1800. Economic Calendar Analysis The week ahead is going to be relatively calm on the economic calendar.
The EUR/USD currency pair is squeezed by 55-, 100- and 200-hour moving averages. It is likely that the pair could trade sideways in the short run. Economic Calendar Analysis On Friday, the Canadian and US Employment data set releases could be in the spotlight. The releases are scheduled to 12:30 GMT. The week ahead is going to be relatively calm on the economic
The EUR/USD currency pair remains to trade below the 1.1900 level. If the given level holds, it is likely that the pair could trade sideways. Economic Calendar Analysis The first week of August is going to be relatively busy on the economic calendar. On Thursday, the US Unemployment Claims data is going to be published at 12:30 GMT. On Friday, the Canadian and US
The EUR/USD gained support from the 200-hour moving average near 1.1730. It is likely that the pair could gain support from the 55- and 100-hour SMAs, as well the weekly PP and extend gains in the short run. Economic Calendar Analysis The first week of August is going to be relatively busy on the economic calendar. On Wednesday, the US ADP Non-Farm Employment
The EUR/USD currency pair re-tested the support level formed by the Fibo 61.80% at 1.1707. It is likely that the pair could gain support from the 55- and 100-hour SMAs, as well the weekly PP and extend gains in the short run. Economic Calendar Analysis The first week of August is going to be relatively busy on the economic calendar. On Wednesday, the
The EUR/USD currency pair reversed south from the 2020 high located at 1.1903. Given that the pair is pressured by the 55- and 100-hour SMAs, it is likely that some downside potential could prevail. Economic Calendar Analysis The first week of August is going to be relatively busy on the economic calendar. On Monday, the Institute for Supply Management is going to publish
The EUR/USD currency pair renewed the 2019/2020 maximum at 1.1903. It is likely that the pair could trade sideways between the given level and the monthly R2 at 1.1828. Economic Calendar Analysis The first week of August is going to be relatively busy on the economic calendar. On Monday, the Institute for Supply Management is going to publish the US ISM Manufacturing PMI
The EUR/USD currency pair touched the 1.1800 level. During Thursday morning hours, the pair was testing the support formed by the 55-hour SMA and the weekly R1 at 1.1742. Economic Calendar Analysis On Thursday, pay attention to the US Advance GDP and the weekly US Unemployment Claims that should be published at 12:30 GMT. Click on the link below to find out more
The EUR/USD currency pair exceeded the weekly R1 at 1.1742. Given that the pair is supported by the 55-hour moving average near 1.1730, it is likely that some upside potential could prevail in the market. Economic Calendar Analysis Notable macroeconomic events are set to start with the biggest and most important of them all, the Federal Reserve is scheduled to make a
The EUR/USD currency exchange rate declined on Tuesday, as it had bounced off the resistance of the 1.1780 level. During its decline, the rate passed one technical resistance after another and approached the 1.1700 level. Economic Calendar Analysis Notable macroeconomic events are set to start with the biggest and most important of them all, the Federal Reserve is scheduled to make