The resistance of the 1.1000 held a second time on Thursday. Afterwards, a decline occurred. By the middle of Friday's GMT trading hours, the EUR/USD pair had dropped by a hundred pips, as it had reached the 1.0900 mark. Economic Calendar Analysis Next week, there is one notable time to watch the economic calendar. At 12:30 on Thursday, a group of various US
On Wednesday, the EUR/USD eventually managed to reach the 1.1000 level. The 1.1000 provided resistance and caused a decline, which found support at 1.0952. On Thursday, it was expected that the pair would once again test the resistance of the 1.1000 mark. Economic Calendar Analysis Markit is going to publish the US Flash Manufacturing PMI survey results on Thursday, May 21, at 13:45
The surge of the EUR/USD on Tuesday was stopped by the resistance of the 1.0970 level, which caused a decline back to the 1.0920 mark. By mid-day on Wednesday, the rate traded between the 1.0940 and 1.0950 levels. Economic Calendar Analysis Markit is going to publish the US Flash Manufacturing PMI survey results on Thursday, May 21, at 13:45 GMT. Additionally, the German
On Monday, the EUR/USD surged up to the 1.0920 level, where it traded sideways until Tuesday morning. On Tuesday morning, the pair reached the 1.0950 level. If the rate would manage to pass resistance levels at 1.0950, it could reach for the weekly R3 at the 1.1008 mark. Economic Calendar Analysis During the week, Markit is going to publish the US Flash Manufacturing
The EUR/USD started the week by testing the support of the 1.0800 level. In the meantime, the rate was being pressured by technical resistance levels near the 1.0820 mark. At that level the 100 and 200-hour simple moving averages. Economic Calendar Analysis Today, the US Retail Sales on Friday is being released at 12:30 GMT. During the week, Markit is going to publish
Yesterday, the EUR/USD currency pair breached the short-term ascending channel south. Given that the pair is pressured by the 55-, 100- and 200-hour moving averages, it is likely that some downside potential could prevail. Economic Calendar Analysis Today, the US Retail Sales is being released at 12:30 GMT. Next week, Markit is going to publish the US Flash Manufacturing PMI survey results on
The EUR/USD currency pair continued to trade within the short-term ascending channel. During today's morning, the pair was testing the lower channel line. From a theoretical point of view, it is likely that a reversal south could occur. Economic Calendar Analysis This week, monthly US inflation and retail sales data sets are bound to be cause notable reactions, as they have
Yesterday, the EUR/USD currency pair revealed a short-term ascending channel. The pair has already re-tested the upper channel line. From a theoretical perspective, it is likely that the pair could re-test the lower channel line in the nearest future. Economic Calendar Analysis This week, monthly US inflation and retail sales data sets are bound to be cause notable reactions, as they have done
The EUR/USD currency pair remains to be under pressure of the 55- and 100-hour moving averages. If the given moving averages hold, it is likely that some downside potential could prevail in the market. Economic Calendar Analysis This week, monthly US inflation and retail sales data sets are bound to be cause notable reactions, as they have done in the past. Namely,
The EUR/USD currency pair failed to pass the resistance of the 200-hour SMA on Friday. During Monday morning, the pair was testing the 1.0820 level. 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 This week, monthly US inflation and retail sales data sets are bound to be
Instead of declining, the EUR/USD managed to pass the resistance of the 55-hour SMA on Thursday. By mid-day on Friday, the pair had managed to test resistance levels at 1.0856 and bounce off of them before finding support in 1.0820. Economic Calendar Analysis On Friday, the week will end with the employment data release from the United States, on Friday at 12:30 GMT.
Since the middle of Wednesday's European trading hours, the EUR/USD has traded sideways near the 1.0800 level. However, it appeared by mid-day on Thursday that the sideways trading is about to end. Economic Calendar Analysis On Friday, the week will end with the employment data release from the United States, on Friday at 12:30 GMT. Next week, monthly US inflation and retail sales
As expected, the EUR/USD has approached the support of the 1.0820 level. Moreover, the 1.0820 was passed on Wednesday morning. By mid-day, the rate was expected to test the support of a monthly pivot point at 1.0776. Economic Calendar Analysis On Wednesday, a minor move could be caused by the ADP Non-Farm Employment Change. On Friday, the week will end with the employment data
After touching the high level of 1.1020 on Friday, the EUR/USD began a decline. By the middle of Tuesday's GMT trading hours, the rate had reached the 1.0840 level. In regards to the near term future, the rate was expected to test the support of the 1.0820 mark. Economic Calendar Analysis There are a couple of minor data releases scheduled for the week.
The EUR/USD currency pair remains to trade below the Fibonacci 23.60% retracement at 1.0886. Note that the pair is supported by the 55-, 100- and 200-hour moving averages. Thus, some upside potential could prevail in the market. Economic Calendar Analysis Today, note the US Unemployment Claims at 12:30 GMT. Moreover, the US ISM Manufacturing PMI is scheduled to be published on
Previously, the 23.60% Fibonacci retracement level at the 1.0886 level held and caused a drop of the EUR/USD pair. The decline reached the support of the 1.0820 level and once again started a surge, which was expected to once again test the retracement level. Economic Calendar Analysis This week is set to start with the US Advance GDP on Wednesday at 12:30
On Tuesday morning, the EUR/USD bounced off the support of two pivot points and two hourly simple moving averages. A surge followed this event. By mid-day, the rate had reached a 23.60% Fibonacci retracement level at 1.0886 Economic Calendar Analysis This week is set to start with the US Advance GDP on Wednesday at 12:30 GMT. This is the first of three
At the end of last week, the EUR/USD currency pair reversed north from the psychological level at 1.0740. Note that the pair remains to be under pressure of the 200-hour moving average. Thus, it is likely that a reversal south could occur in the nearest future. Economic Calendar Analysis This week is set to start with the US Advance GDP on
The decline of the EUR/USD continued on Friday, as during the morning hours the rate passed the support of the 1.0760 level, which kept the rate up during Thursday. In regards to the near term future, the pair was expected to reach for the weekly S2 simple pivot point at 1.0715. The main reason for such assumption was not only the
A quite rare situation has occurred on the EUR/USD charts, as both previous forecast scenarios have become reality. Namely, the rate has surged to the 1.0886 level and declined to the 1.0820 mark. Initially, the pair surged to the 23.60% Fibo at 1.0886, from which it bounced off and declined as low as the 1.0805 level. In regards to the future,
The EUR/USD found support in the 1.0820 level, as it did during the last week. Afterwards, the pair reached up to the resistance of the 1.0880 level. By the middle of Wednesday's GMT trading hours, the currency exchange rate traded in limbo around the 55 and 100-hour SMAs near 1.0860. Economic Calendar Analysis Data that might impact the EUR/USD is bound to start
On Monday, as expected the EUR/USD currency exchange rate bounced off the resistance of the 1.0900 level. Moreover, the rate managed to pass the support of various technical levels. During Tuesday morning GMT trading hours, the pair had reached the 1.0830 level. Economic Calendar Analysis Data that might impact the EUR/USD is bound to start being released on Thursday at 07:30 GMT.
The EUR/USD started the week by testing a strong resistance cluster near 1.0900. It was expected that the pair would be kept down by various technical resistance levels. Economic Calendar Analysis Data that might impact the EUR/USD is bound to start being released on Thursday at 07:30 GMT. At that time, the German Markit Flash Manufacturing and Services PMIs are bound
The favoured forecast of Thursday has become reality, as the EUR/USD has declined. On Thursday, the pair touched the support of the weekly simple pivot point at 1.0823 and the 1.0820 mark. After doing a retracement back up to the 1.0880 level, on Friday morning, the pair retreated to fluctuate near the described support levels. Economic Calendar Analysis Data that might impact