The EUR/USD was looking for support in the weekly S1 simple pivot point, as the US CPI data release caused a surge of the rate. Following the release, the pair was heading to the 1.1000 mark and the technical levels above it. Economic Calendar Analysis On Thursday, watch out for the US Producer Price Index publication at 12:30 GMT. In addition, at
The EUR/USD was heading to the support of the 1.0965 level on Tuesday morning. Economic Calendar Analysis This week, the US Consumer Price Index data release on Wednesday at 12:30 GMT is set to impact the financial markets. On Thursday, watch out for the US Producer Price Index publication at 12:30 GMT. In addition, at the same time the US weekly Unemployment Claims
The EUR/USD dipped to the support zone near 1.0965, before recovering on Friday. During Monday's trading, the currency pair was fluctuating near the 1.1030 level. However, during the early hours of US trading, the pair was declining below support levels at 1.1015/1.1025. Economic Calendar Analysis This week, the US Consumer Price Index data release on Wednesday at 12:30 GMT is set to
Prior to the Federal Reserve interest rate hike, the EUR/USD approached the 1.1085/1.1095 resistance zone. After the hike and the follow up press conference, the currency exchange rate continued to test the resistance. Economic Calendar Analysis After the Fed's decision, on Thursday, the European Central Bank is set to reveal its Main Refinancing Rate at 12:15 GMT. Currently, the ECB is expected
The EUR/USD has passed below the support zone at 1.0965 and the weekly S1 simple pivot point at 1.0953. However, it was observed that despite being pierced the pivot point had held. Economic Calendar Analysis This week, the top event of the week will be the announcement of the US Federal Reserve Federal Funds Rate at 18:00 GMT. The Fed is expected
The EUR/USD appears to be waiting for the Wednesday's Federal Reserve interest rate hike. Meanwhile, from a technical analysis perspective, the pair has revealed a resistance zone near 1.1100 and support near 1.0965. Economic Calendar Analysis This week, the top event of the week will be the announcement of the US Federal Reserve Federal Funds Rate at 18:00 GMT. The Fed is
The EUR/USD was heading to the 1.1100 mark at mid-day on Wednesday, as the US Durable Goods Orders data was released. The data revealed that US consumers continue to buy long term use goods, which signals that inflation would remain high. In turn, high inflation might force the US Federal Reserve to hike interest rates more than expected. Due to
The EUR/USD found support in the weekly simple pivot point at 1.0965. The event was followed with a surge of the rate up to the resistance of the 1.1060 level. At mid-day on Wednesday, the rate was testing the resistance level. Economic Calendar Analysis This week, the US Advance GDP release at 12:30 on Thursday is bound to impact the value of
The EUR/USD reached above the 1.1060 level at midnight to Tuesday. Afterwards, a decline started, as by mid-day the pair had reached below 1.1020. Economic Calendar Analysis This week, the US Advance GDP release at 12:30 on Thursday is bound to impact the value of the US Dollar. However, the top event of the week will be the US Core PCE Price
The EUR/USD has managed to reach above 1.1000. Moreover, the round exchange rate level has turned into support. By the middle of Monday's trading hours, the rate has moved above 1.1025 and the weekly R1 simple pivot point at 1.1022. Economic Calendar Analysis This week, the US Advance GDP release at 12:30 on Thursday is bound to impact the value of the
The EUR/USD has been ignoring the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point, as it has been highly volatile between the 1.0940 mark and the resistance of the 1.0982/1.0984 range. On Thursday afternoon, the pair pierced the resistance zone. Economic Calendar Analysis On Friday, the US Flash Manufacturing and Services PMIs could cause an impact on
The EUR/USD has revealed a support and resistance zone. Most recently, the pair bounced off the resistance of the 1.0982/1.0984 range. On Wednesday morning, the pair passed the combination of the weekly simple pivot point and the 50 and 200-hour simple moving averages. Economic Calendar Analysis On Friday, the US Flash Manufacturing and Services PMIs could cause an impact on the US
The EUR/USD bounced off 1.1080 and declined. By mid-Monday the rate had reached below 1.0980. Meanwhile, the 1.1000 mark was acting as resistance. Economic Calendar Analysis Note the US Empire State Manufacturing Index on Monday at 12:30 GMT. On Friday, the US Flash Manufacturing and Services PMIs could cause an impact on the US Dollar. EUR/USD hourly chart A move below 1.0960 and the weekly
The EUR/USD currency pair extended its surge due to the decrease in US Producer Price Inflation, which beat down the value of the USD. By mid-Friday, the pair had reached the weekly R2 simple pivot point at 1.0732. Economic Calendar Analysis On Friday, the US Retail Sales data might cause a reaction in the financial markets at 12:30 GMT. Next week, note the
The lower than expected overall US inflation data was taken in by the markets as a signal that the US Federal Reserve would not continue to hike interest rates. The news caused a drop of the US Dollar. As a result, the EUR/USD currency pair has surged. By the middle of Thursday's trading, the pair was above 1.1025. Economic Calendar Analysis On
The EUR/USD revealed a support zone below 1.0840 on Monday. The support zone was enough to cause a surge, which by mid-Tuesday had managed to reach above the technical levels near 1.0900. Economic Calendar Analysis On Wednesday, watch out for the US Consumer Price Index release at 12:30 GMT. The US inflation data is bound to impact the US Dollar's value. On
The EUR/USD has retreated back below 1.0900. However, on Thursday, the rate was making attempts to recover, as it tested the 1.0910/1.0930 range and the combination of the 50-hour simple moving average and the weekly R1 simple pivot point at 1.0928. Economic Calendar Analysis On Friday, at 12:30 GMT, the United States will publish the Average Hourly Earnings, Non-Farm Employment Change and
The US JOLTS Job Opening data caused a drop of the US Dollar at 14:00 GMT on Tuesday. The event caused a surge of the EUR/USD above the resistance of 1.0910/1.0930. Since the surge, the pair has been fluctuating in the 1.0940/1.0970 range. Economic Calendar Analysis Above all, on Friday, at 12:30 GMT, the United States will publish the Average Hourly Earnings,
At the start of April trading, the US Dollar was highly volatile. Initially, OPEC+ decreased production. The decrease caused a surge of oil prices. The increase of oil prices first of all increased demand for oil deals in USD and secondly signals that inflation would remain high. High inflation is expected to be the basis for more USD interest rate
The EUR/USD surge has encountered resistance in the high level zone at 1.0910/1.0930. As a result, by the middle of Friday's trading, the pair had retreated down below 1.0900. Economic Calendar Analysis On Monday, the US ISM Manufacturing PMI release at 14:00 GMT could cause a move in the US Dollar. On Wednesday, the US ADP Non-Farm Employment change at 12:15 GMT
Step by step, the EUR/USD moves higher, as the pair has reached above 1.0850 on Wednesday. Economic Calendar Analysis On Thursday, the German Preliminary Consumer Price Index will reveal how inflation has done in the biggest economy of the Euro Zone. The European Central Bank watches the data, as it makes decisions on monetary policy. On the same day, at 12:30 GMT, the
On Tuesday, the EUR/USD continued higher, as it approached 1.0850. Economic Calendar Analysis On Thursday, the German Preliminary Consumer Price Index will reveal how inflation has done in the biggest economy of the Euro Zone. The European Central Bank watches the data, as it makes decisions on monetary policy. On the same day, at 12:30 GMT, the publication of Final US quarterly Gross
The bounce off from the support of the 200-hour simple moving average has continued, as the EUR/USD currency exchange rate has reached the 1.0800 mark and the resistance of the 100-hour SMA near it. Economic Calendar Analysis On Thursday, the German Preliminary Consumer Price Index will reveal how inflation has done in the biggest economy of the Euro Zone. The European Central
The EUR/USD currency pair has revealed a resistance zone at 1.0908/1.0930. The resistance zone managed to force the pair into a decline down to the 1.0830 level. During the decline, the rate passed below the support of the 50-hour SMA and the 1.0850 mark. Economic Calendar Analysis During the upcoming week, the currency pair is most likely going to be impacted by