By the middle of Monday's GMT trading hours, the EUR/USD had broken the resistance of various technical resistance levels from 1.1240 to 1.1255. In regards to the future, the pair was expected to test the psychological resistance of the 1.1300 level. Economic Calendar Analysis The main scheduled macroeconomic data release of the week is bound to occur on Thursday, at 12:30 GMT. At
Since the middle of Thursday's GMT trading hours, the EUR/USD has traded near the 1.1220 level. In regards to the near term future, the rate was more likely to decline, as the 55, 100 and 200-hour simple moving averages could provide resistance. Economic Calendar Analysis This week there are no more notable events scheduled that could cause a notable move of the EUR/USD. Take
The EUR/USD currency pair declined below the 1.1220 level. It is likely that the pair could gain support from the Fibo 38.20% at 1.1200 and consolidate in the short term. Economic Calendar Analysis In regards to the EUR/USD during the week, there are a couple of scheduled macroeconomic data releases that could impact the currency exchange rate. Today, macroeconomic data set release from
The EUR/USD started the week with a rebound, which was about to meet with various resistance levels from 1.1230 to 1.1245. In the future, the pair was expected to either trade sideways or decline to 1.1200. Economic Calendar Analysis In regards to the EUR/USD during the week, there are a couple of scheduled macroeconomic data releases that could impact the currency exchange rate.
On Thursday, the EUR/USD currency pair re-tested the lower line of the falling wedge pattern. Given that the pair remains under pressure of the 55-hour moving average, it is likely that some downside potential could prevail in the market. Economic Calendar Analysis In regards to the EUR/USD during next week, there are a couple of scheduled macroeconomic data releases that could impact the
On Wednesday, the EUR/USD currency pair reversed north from the 1.1220 level. During Thursday morning, the pair was testing the resistance formed by the 55- and 100-hour SMAs. If the given resistance holds, it is likely that a reversal south could occur. Economic Calendar Analysis In regards to the EUR/USD during this week, there are a couple of scheduled macroeconomic data releases that
On Tuesday, the EUR/USD currency exchange rate reversed south from the 1.1340 level. During Wednesday morning, the rate pierced the monthly R1 located at 1.1246. Economic Calendar Analysis In regards to the EUR/USD during this week, there are a couple of scheduled macroeconomic data releases that could impact the currency exchange rate. On Thursday, the US Unemployment Claims at 12:30 GMT will be
On Tuesday, the EUR/USD currency exchange rate traded above the support of two hourly simple moving averages near the 1.1315 mark. Future forecasts were based upon whether or not the SMAs manage to provide technical support and push the rate up. Economic Calendar Analysis In regards to the EUR/USD during this week, there are a couple of scheduled macroeconomic data releases that could
On Friday, the EUR/USD currency pair breached the short-term ascending channel south and tried to decline below the monthly R1 at 1.1246. During Monday morning, the pair was testing the given level. Given that the pair is pressured by the 55-, 100- and 200-hour SMAs, it is likely that some downside potential could prevail. Economic Calendar Analysis In regards to the EUR/USD during
On Thursday, the support of the 55 and 100-hour simple moving averages failed, which resulted in a sharp decline. The decline was reversed at the 1.1280 level by the 200-hour simple moving average. By the middle of Friday's GMT trading hours, the rate had reached the resistance of the 100-hour simple moving average near the 1.1330 mark. Economic Calendar Analysis In regards to
During the last twenty four hours up to the review the EUR/USD had traded with high volatility. The large volatility was caused by the Federal Reserve making announcements on Wednesday at 18:00 GMT. In the meantime, it was spotted that the rate respects the support of the 100-hour simple moving average and the weekly R1 simple pivot point at 1.1417. FOMC Meeting
The support of the monthly R1 at the 1.1246 level managed to hold on Tuesday. This caused a surge, which passed the resistance of the 55 and 100-hour simple moving averages. By the middle of Wednesday's GMT trading, it was expected that the rate would once again test the monthly R2 simple pivot point at 1.1385. This scenario was described as
On Tuesday morning, the EUR/USD passed the support of the 100-hour SMA and the weekly simple pivot point at 1.1259. Due to that reason, the pair faced the support of the monthly pivot point at 1.1246, which was the only support level left above the 1.1200 mark. Economic Calendar Analysis During the week, the action on the economic calendars will start and most
At the end of last week, the resistance of the monthly pivot point at 1.1385 managed to hold and cause a decline of the EUR/USD. On Monday, the rate was approaching the support of the weekly pivot point and the 100-hour simple moving average near 1.1260. Economic Calendar Analysis During the week, the action on the economic calendars will start and most likely
On Thursday, the EUR/USD found support in the 1.1200 level and began a surge. By the middle of Friday's GMT trading hours, the rate had already touched the high level of 1.1385. However, after touching the new high level, the rate began a decline, which could end near the 1.1315 level. Economic Calendar Analysis The week will end with the US Employment data
The EUR/USD reached its target at the 1.1250 level. However, the surge did not continue after reaching the target. In the aftermath of touching the 1.1250 mark, the rate declined. By the middle of Thursday's GMT trading hours, the rate had retreated to the 1.1200 level. Economic Calendar Analysis On Thursday, June 4, the European Central Bank is set to issue the Monetary
As expected, the EUR/USD reached the 1.1200 level. Moreover, the rate passed this level's resistance on Wednesday. Next target for the surge of the EUR/USD was a pivot point at 1.1246. Economic Calendar Analysis On Wednesday, June 3, two macroeconomic events from the US are expected: the ADP Non-Farm Employment Change at 12:15 GMT and the ISM Non-manufacturing PMI at 14:00 GMT. On Thursday,
The EUR/USD managed to pass the resistance of the 1.1150 mark. The event occurred due to the support of the 55-hour SMA pushing the pair up. In regards to the near term future, the pair was expected to reach for the 1.1200 level. Economic Calendar Analysis On Wednesday, June 3, two macroeconomic events from the US are expected: the ADP Non-Farm Employment Change
The EUR/USD is trading sideways, as it awaits the support of the hourly simple moving averages. The SMAs should signal that the pair is no longer overbought. In regards to the near term future, if the pair passes the 1.1150 mark, it could reach for the 1.1200 level. Economic Calendar Analysis Traditionally, the first week of the month is busy on the economic
The EUR/USD currency pair breach the medium-term ascending channel north. It is likely that the pair could gain support from the weekly R2 and monthly R1 and trade upwards in the short run. Economic Calendar Analysis Traditionally, the first week of the month is busy on the economic calendar. On Monday, June 1, the Institute for Supply Management will release the US ISM Manufacturing
The EUR/USD currency pair has revealed a medium-term ascending channel. The pair could gain support from the 55-hour SMA and trade upwards in the nearest future. Economic Calendar Analysis This week, there is one notable time to watch the economic calendar. Today, a group of various US data sets will be published at 12:30 GMT. Each one of these data sets on their
During Wednesday morning, the EUR/USD currency pair pierced the weekly R1 at 1.1010. Theoretically, it is likely that a reversal south could occur, as the pair could enter the overbought area. Economic Calendar Analysis This week, there is one notable time to watch the economic calendar. At 12:30 on Thursday, a group of various US data sets will be published. Each one of
During Tuesday morning, the EUR/USD currency pair skyrocketed to 1.0960. Given that the pair is supported by the 100-hour SMA, it is likely that some upside potential could prevail in the market. Economic Calendar Analysis This week, there is one notable time to watch the economic calendar. At 12:30 on Thursday, a group of various US data sets will be published. Each
The EUR/USD currency pair failed to surpass the support formed by the Fibo 23.60% and the 200-hour SMA at 1.0890. It is likely that the pair could consolidate within the following trading session. Economic Calendar Analysis This week, there is one notable time to watch the economic calendar. At 12:30 on Thursday, a group of various US data sets will be published. Each