The decline of the EUR/USD reached the 1.1300 level, as expected. Moreover, the rate reached the monthly R2 simple pivot point at 1.1285. In regards to the near term future, the rate was expected to face the resistance of the 55-hour simple moving average. Economic Calendar Analysis During the week there will be couple events that could impact the EUR/USD pair. On Wednesday,
On Tuesday, the 55-hour simple moving average caught up with the EUR/USD currency exchange rate. The support of the SMA failed to push the rate up. Due to that reason, by the middle of Tuesday's GMT trading hours, the rate was most likely set to decline to the support levels near 1.1300. Economic Calendar Analysis During the week there will be
The EUR/USD has continued to surge. On Friday, the currency exchange rate touched the 1.1500 level. On Monday, the rate traded sideways between the 1.1370 and 1.1470 level. The pair appeared to be consolidating in the aftermath of the recent sharp surge. Economic Calendar Analysis During the week there will be couple events that could impact the EUR/USD pair. On Wednesday, March
On Friday morning, the EUR/USD currency pair exceeded 1.1300 level. The pair could gain support from the monthly R2 and continue to extend gains in the short term. US ISM Non-Manufacturing PMI The Euro depreciated against the US Dollar, following the US ISM Non-Manufacturing PMI survey results release on Wednesday at 15:00 GMT. The EUR/USD exchange currency rate lost
On Wednesday, the EUR/USD currency pair reversed north from the support level - the weekly R1 at 1.1120. In general, the pair could continue to consolidate in the 1.1120/1.1200 area . US ISM Non-Manufacturing PMI The Euro depreciated against the US Dollar, following the US ISM Non-Manufacturing PMI survey results release on Wednesday at 15:00 GMT. The EUR/USD exchange
On Wednesday, the EUR/USD currency exchange rate retreated after touching the 1.1200 level on Tuesday. In general, the rate's retreat was expected to test support levels in the range from 1.1157 to 1.1120. FOMC Rate Cut The Euro appreciated against the US Dollar, following the FOMC Statement release on Tuesday at 15:00 GMT. The EUR/USD exchange currency rate gained
After touching the 1.1185 mark on Monday, the EUR/USD began a decline. By the middle of Tuesday's London trading hours, the rate had reached the support of the 1.1100 level. In regards to the near term future, the pair was expected to find additional support in the 55-hour simple moving average, which could push the pair up to the 1.1200
The EUR/USD currency exchange rate started the week by reaching higher than it was previously expected. The pair reached above the 1.1160 level. In the near term future, the rate was expected to trade sideways above the 1.1100 level, where it had retreated in the afternoon. Economic Calendar Analysis Already on Monday, a data release could cause a notable move on the
On Friday, the EUR/USD broke the resistance of the 1.1000 level and sharply surged. By 10:00 GMT, the currency exchange rate had touched the 1.1050 level. The rate was expected to next reach for the resistance of the 1.1100 level, where a monthly pivot point was located at. Economic Calendar Analysis Next week, already on Monday, a data release could cause a
During Thursday's trading session, the EUR/USD currency exchange rate reached for the 1.1000 level. The round level provided psychological resistance and caused a retreat. During the afternoon GMT trading hours, the retreat had found support in the wekly R3 pivot point at 1.0967. Economic Calendar Analysis On Friday, the Euro Zone CPI Flash Estimate is set to be published. It has caused
On Wednesday, the EUR/USD currency pair broke the resistance of the technical levels that were located from 1.0872 to 1.0886. Meanwhile, by the middle of the day, the rate had revealed a rising wedge pattern, which could continue to guide the pair. Economic Calendar Analysis During the week there are no notable events that might impact the EUR/USD currency exchange rate.
By the middle of Tuesday's London trading hours, the EUR/USD had reached the support of two hourly simple moving averages and a weekly simple pivot point near 1.0830. The short term future scenarios were based upon what would happen at this level. Economic Calendar Analysis During the week there are no notable events that might impact the EUR/USD currency exchange rate. However,
The EUR/USD started the week by trading between the support of the 55 and 100-hour SMAs near 1.0810 and the resistance of the 200-hour SMA near 1.0830. In general, it was observed that the pair could break out in either direction up or down. US Flash Manufacturing PMI The Euro appreciated against the US Dollar, following the US Flash Manufacturing PMI
The 55-hour SMA failed to push the rate through the support of the weekly S1 simple pivot point, which is located at 1.0788. Moreover, the currency exchange rate has managed to pass the resistance of both the 55 and 100-hour simple moving averages. FOMC Meeting Minutes The European Common Currency traded sideways against the US Dollar, following the FOMC Meeting Minutes
During the first half of Thursday's GMT trading hours, the EUR/USD traded between the support of the weekly S1 simple pivot point at 1.0788 and the 55-hour simple moving average near 1.0800. In general, it was expected that the 55-hour SMA would push the rate through the support of the pivot point, and the rate would decline. Economic Calendar Analysis This week
As expected, the 55-hour simple moving average has pushed the EUR/USD down to the support of the weekly S1 simple pivot point at 1.0788. By the middle of Wednesday's trading hours, the rate had begun to trade sideways near the 1.0800 level. Economic Calendar Analysis During the week there is only one notable event that could impact the EUR/USD pair. On Wednesday,
On the EUR/USD hourly candle chart, it could be observed on Tuesday that the pair is being pushed down by the 55-hour simple moving average. By the middle of the day, the SMA had forced the pair into passing the support of the 1.0830 level. This indicates that the pair could decline even more. Economic Calendar Analysis During the week there is
The EUR/USD currency exchange rate remains above the 1.0830 level, which has kept the rate up since Friday. In the meantime, the pair is being pushed down by the 55-hour simple moving average. In general, the SMA and the support level should be watched for hints at the pair's future direction. Namely, if the 1.0830 would get passed, the rate
The EUR/USD currency pair declined below the 2019 low at 1.0880. During Friday morning, the pair was trading at the weekly S2 at 1.0842. Given that the pair is pressured by the 55-hour SMA, it is likely that some downside potential could prevail. Economic Calendar Analysis Today, the US Retail Sales data will be out also at 13:30 GMT. This event has
The EUR/USD currency pair has reached the 2019 low at 1.0880. Given that the pair is pressured by the 55-hour moving average, some downside potential could prevail. Note that the nearest possible support level - the weekly S2, is located at 1.0842. Economic Calendar Analysis This week's data is available. Click on the link below to see the historical data tables with
The EUR/USD currency pair has been consolidating in the 1.0920 area since Monday . Given that the pair is pressured by the 55-hour moving average, some downside potential could prevail. Note that the 2018/2019 low is located at 1.0880. Economic Calendar Analysis This week's data is available. Click on the link below to see the historical data tables with the reactions
The EUR/USD currency pair is below the psychological level at 1.0950. During Tuesday morning, the pair was testing the psychological level at 1.0910. Note that the 2018/2019 low is located at 1.0880. Economic Calendar Analysis This week's data is available. Click on the link below to see the historical data tables with the reactions to the events. On Thursday, the US CPI
The EUR/USD currency pair remains to trade below the psychological level at 1.1000. During Monday morning, the pair was trading near the lower boundary of the medium-term descending channel at 1.0950. It is likely that the exchange rate could follow the given channel in the short term. Economic Calendar Analysis This week's data is available. Click on the link below to see
The EUR/USD has passed the support of the 1.1000 level in a sudden sharp move that reached the 1.0970 mark. At the 1.0970 mark the pair found support and retraced back up to the 1.0984 level. This level provided the resistance that caused the most recent decline. By the middle of Friday's European trading hours, the rate had already reached the