On Wednesday, as expected, the EUR/USD reached the 1.1000 level. Since reaching this level, the rate traded in limbo around it. In general, the rate was expected to continue to trade sideways until the resistance of the hourly simple moving averages approaches and pushes the rate down. Economic Calendar Analysis On Friday, at 13:30 GMT the US will release their employment data. The
By the middle of Wednesday's London trading hours, the EUR/USD had reached the 1.1020 level. Meanwhile, the rate had passed the support of the 100 and 200-hour SMAs and a weekly pivot point. In regards to the near term future, the decline was expected to continue, as the pair had no technical support as low as 1.1000. Economic Calendar Analysis Note that on
On Tuesday, the EUR/USD traded near the 1.1050 level. It was being supported by two SMAs near 1.1040 and two resistance levels near 1.1060. The support and resistance levels should be looked at for guidance of the rate's future direction. US ISM Manufacturing PMI The European Common Currency depreciated against the US Dollar, following the US ISM Manufacturing PMI survey results
On Friday, the rate managed to pass the resistance of the 1.1040 level. Moreover, the rate surged above the 1.1090 level. On Monday, the EUR/USD pair was retracing back downwards. In general, the rate was finding support in the weekly pivot point near 1.1060, and it was expected to surge, as the rate is approached by the 55-hour SMA. Economic Calendar Analysis The
On Thursday, the surge of the EUR/USD found resistance in the 1.1040 level. Afterwards a consolidating decline down to the support of the 55 and 100-hour SMAs occurred. The currency exchange rate found support in those technical indicators. In general, the rate was expected to recover and make another attempt to pass the resistance at 1.1040. In the meantime, take into
The EUR/USD found support in the weekly S1 simple pivot point at 1.0992 and began a surge. By the middle of Thursday's trading, the rate had pierced the last resistance level near the 1.1020 mark. In the near term future, the currency exchange rate was expected to aim for the upper trend line of a channel down pattern near the 1.1025
On Wednesday, the EUR/USD rate pierced the support of the 1.1000 level. Namely, it traded shortly below this mark. However, it does not indicate that the rate is set to reach new low levels. The pair was piercing the 1.1000 mark the same way in November when the rate eventually found support and surged. ECB Monetary Policy Statement The European
Since the middle of Monday's GMT trading hours, the EUR/USD has traded almost flat near the 1.1020 level. In the meantime, the rate was being approached by the 55-hour simple moving average. The SMA was expected to provide resistance and push the rate down. Economic Calendar Analysis This week, on Tuesday, minor spike in volatility could occur due to the US Durable Goods
During Monday morning, the EUR/USD was trading at the 1.1030 area. The pair could gain support of the lower boundary of the short-term descending channel and reverse north in the nearest future. Otherwise, some downside potential could prevail. Economic Calendar Analysis This week, on Tuesday, minor spike in volatility could occur due to the US Durable Goods Orders Release at 13:30 GMT. This
As forecast on Thursday, the EUR/USD declined. The push for the rate's decline was the ECB Monetary Policy Statement, which revealed that the creation of the EUR currency would continue. Namely, there will be more EUR in circulation, which decreases the value of the currency. By the middle of Friday's trading, the rate had almost touched the 1.1030 level. Moreover, the
On Thursday morning, the EUR/USD continued to trade near previous day's trading levels, as it fluctuated near the 1.1080 mark. However, the rate had pierced the support of the 1.1080 level. Moreover, the rate failed two times to pass resistance levels near 1.1100. These facts combined signal that the currency exchange rate would decline. Economic Calendar Analysis On Thursday, the European Central
In the aftermath of breaking the resistance of the 55-hour SMA, the EUR/USD reached the resistance levels near 1.1120 and bounced off them. By the middle of Wednesday's trading session, the rate had once more declined to the support of the 1.1080 level. In general, the rate was expected to trade above the 1.1080 level until the resistance of the 55
The decline of EUR/USD did not reach the technical support of the pivot points below 1.1070, as the rate reversed at the 1.1080 level. From there, the rate began a surge, which by the middle of the day's London trading hours had reached the 1.1110 level and broken the resistance of the 55-hour simple moving average. Economic Calendar Analysis On Thursday, the European
As it was forecast on Friday morning, the EUR/USD has declined. However, the rate dropped a lot sharper than it was expected. In general, the rate was expected to continue the decline sooner or later to support levels below 1.1070. Economic Calendar Analysis Throughout the week releases from the European Union will be published. On Thursday, the European Central Bank will announce
During Friday morning, the EUR/USD currency pair dropped below the 1.1120 level. Given that the pair is pressured by 55-, 100- and 200-hour moving averages, it is likely that some downside potential could prevail. Economic Calendar Analysis Throughout the next week releases from the European Union will be published. On Thursday, the European Central Bank will announce its Main Refinancing Rate at
During Thursday morning, the EUR/USD currency pair was trading near the upper boundary of the short-term ascending channel. From a theoretical point of view, it is likely that a reversal south could occur in the nearest future. Economic Calendar Analysis This week's scheduled event historical data tables have been published. Click on the link below to read the article. Read More: 13.01-17.01 Event
During Wednesday morning, the EUR/USD currency pair was surpassed the resistance formed by the 200-hour SMA, as well the weekly PP at 1.1140. Given that the pair is supported by the 55- and 100-hour SMAs, it is likely that some upside potential could prevail. Economic Calendar Analysis This week's scheduled event historical data tables have been published. Click on the link below to
During Tuesday morning, the EUR/USD currency pair was testing the resistance formed by the weekly PP at 1.1139. Note that the pair is pressured by the 200-hour SMA. Thus, it is likely that some downside potential could prevail in the market. Economic Calendar Analysis Today, the US Consumer Price Indices might cause a minor move on the US Dollar pairs. Meanwhile, this week's
During Monday morning, the EUR/USD currency pair was testing the resistance provided by the 100-hour SMA at 1.1126. If the given resistance holds, it is likely that a reversal south could occur in the nearest future. US ISM Non-Manufacturing PMI The European Common Currency traded sideways against the US Dollar, following the US ISM Non-Manufacturing PMI survey results release on Tuesday at
The situation on the EUR/USD charts has not changed, as the pair traded sideways since Thursday. However, during the Friday's London trading morning hours, the 55-hour SMA approached the rate and began to provide downwards pressure. The SMA was expected to cause a decline. US ISM Non-Manufacturing PMI The European Common Currency traded sideways against the US Dollar, following the US ISM
The EUR/USD reached the targeted weekly S1 pivot point that is located at the 1.1112 level. The rate managed to pierce this level before starting to trade sideways. In general, the EUR/USD was expected to continue its decline, as soon as the consolidating sideways trading ends. US ISM Non-Manufacturing PMI The European Common Currency traded sideways against the US Dollar, following the
The EUR/USD exchange rate has continued to decline. By the middle of Wednesday's trading, the pair had reached below the 1.1130 and continued to decline. In the meantime, take into account that the pair did make a retracement back up during late Tuesday's GMT hours. Economic Calendar Analysis On Wednesday, the ADP Non-Farm Employment Change is scheduled to be released at 13:15 GMT.
EUR/USD bounced off the resistance of the 1.1200 level. By the middle of Tuesday's trading session, the pair had reached below the 1.1170 level. During the decline, the rate easily passed the support of the 55 and 100-hour SMAs and the weekly pivot point. Economic Calendar Analysis The week's data releases will start on Tuesday at 15:00 GMT. The US ISM Non-Manufacturing PMI
On Monday, the EUR/USD surged back up to the 1.1200 level. In general, the surge was caused by the support of the 1.1130 level, which had been held back by the 1.1180 level. It indicates that round price levels are impacting the pair. Economic Calendar Analysis The week's data releases will start on Tuesday at 15:00 GMT. The US ISM Non-Manufacturing