The EUR/USD started the week by trading above the 1.1800 level, where it ignored technical levels. Namely, the rate did not respect the 55 and 100-hour simple moving averages and the weekly simple pivot point. In regards to the near term future, the rate was expected to retreat and look for support near the 1.1800 level. Economic Calendar Analysis On Tuesday, the
The recent decline of the EUR/USD paused at midnight to Friday, as the pair touched the 1.1790 level before starting to trade sideways above the 1.1800 mark. At 07:30 GMT on Friday, the rate ended the sideways consolidation, as it surged to the 1.1820 mark. It was a signal that the rate could surge even higher. Economic Calendar Analysis Next week, on
The surge of the EUR/USD reached the 1.1880 level on Wednesday. This level provided resistance together with the weekly R2 simple pivot point that is located at 1.1884. The following decline found support in the 1.1840 mark, which was supported by the 55-hour simple moving average. It was expected that the SMA would push the rate into another test of
The EUR/USD found support in the 200-hour simple moving average on Tuesday morning and immediately started a surge. The surge of the rate passed one resistance level after another. On Wednesday morning, the currency exchange rate had already touched the 1.1870 mark. Economic Calendar Analysis Data releases start on Thursday. On that day the weekly US Unemployment Claims will be out at
Various resistance levels failed to keep the EUR/USD pair down, as by mid-Monday the rate had reached the 1.1790 level. On Tuesday morning, the currency exchange rate had consolidated by retreating and trading sideways near 1.1700. Afterwards, it found support in the 200-hour SMA and resumed the surge. Economic Calendar Analysis Data releases start on Thursday. On that day the weekly US
On Monday morning, the EUR/USD once again found support in the 61.80% Fibonacci retracement level at 1.1707. It resulted in a surge, which was expected to test the 1.1740 level. Note that the near term future would depend on whether the 1.1740 mark hold the rate down. Economic Calendar Analysis Data releases start on Thursday. On that day the weekly US Unemployment
On Thursday, the EUR/USD eventually managed to pierce the support of the 1.1707 level, where a 61.80% Fibonacci retracement level was located at. However, it did not result in a larger decline, as the 1.1690 level provided support. By the middle of Friday's GMT trading hours, the rate was trading sideways near 1.1700. Economic Calendar Analysis On Friday, the US Retail
The resistance of the 200-hour SMA kept the rate down on Wednesday until the 55-hour SMA approached and caused a drop. On Thursday morning, the rate's drop reached the support of the 61.80% Fibonacci retracement level at 1.1707. Economic Calendar Analysis On Thursday, the weekly US Unemployment Claims will be out at 12:30 GMT. The EUR/USD has started to ignore this
The EUR/USD broke the channel up pattern in a sharp move during Tuesday's GMT trading hours. On Wednesday, the rate traded sideways before starting a retracement back up. Economic Calendar Analysis On Thursday, the weekly US Unemployment Claims will be out at 12:30 GMT. The EUR/USD has started to ignore this release since the middle of September. Since then, the publication
On its fourth attempt on Friday, the EUR/USD passed the resistance of the monthly pivot point at 1.1782. This event resulted in a surge that reached the upper trend line of the channel up pattern near 1.1830. On Monday, the rate started the week's trading by fluctuating sideways near the 1.1820 mark. Economic Calendar Analysis The week's notable events are set
On Friday morning, the EUR/USD once again failed to pass the resistance of the monthly pivot point at 1.1782. In the meantime, take into account that on Thursday the rate had retreated to the lower trend line of the channel up pattern and the 200-hour simple moving average. Economic Calendar Analysis The week's notable events are set to start on Tuesday. At
On Wednesday and Thursday, the EUR/USD pair's recovery was stopped by the resistance of the simple monthly pivot point at 1.1782. Previously, during the week, this pivot point was not making an impact on the rate. In regards to the near term future, the rate was expected to trade sideways between 1.1760 and 1.1780. Economic Calendar Analysis On Thursday, as always, the
Despite initially appearing that the EUR/USD broke the channel up pattern on Wednesday morning, additional research found that the absolute low levels of October 2 need to be used to set the lower trend line of the pattern. Namely, the pattern is wider than previously thought and has held. In the meantime, on Wednesday morning, the rate bounced off the
Since the second part of Monday's European trading hours, the EUR/USD has respected the recently discovered channel up pattern. Namely, the pattern's upper trend line kept the rate down. Moreover, on Tuesday morning, it appeared that the rate was beginning a decline, which could reach 1.1750. Economic Calendar Analysis On Wednesday, note that some calendars show the FOMC Meeting Minutes at 18:00
On Monday, the EUR/USD currency exchange rate passed the resistance of the 55 and 100-hour simple moving averages. The rate had no technical resistance as high as the 1.1780/1.1790 zone. Due to that reason it was expected to surge. Economic Calendar Analysis During the week, pay attention to the economic data releases already on Monday. On Monday, at 14:00 GMT the
On Friday morning, the EUR/USD currency exchange rate remained near previous levels, as it fluctuated in the 1.1720/1.1740 range. In the meantime, note that the support of the 55 and 100-hour simple moving averages had failed to push the rate up. Economic Calendar Analysis The week will end with a monthly data release. The US Average Hourly Earnings, Non-Farm Employment Change and
On Thursday, the EUR/USD currency exchange rate still traded near the 1.1740 level. In the meantime, it was spotted that the rate was being supported by the 55-hour simple moving average, which was pushing the rate up. Economic Calendar Analysis On Thursday, as always the US Unemployment Claims at 12:30 GMT might cause a minor move of around ten pips. The week
The EUR/USD managed to pass the resistance of the 1.1680 level and afterwards the 1.1700 mark. On Wednesday morning, the currency exchange rate traded in limbo near the 1.1740 level. Economic Calendar Analysis On Wednesday, at 12:15 GMT the ADP Non-Farm Employment Change data release could cause a move. For example, the EUR/USD has moved from 5.5 to 24.8 pips on the
The resistance of the 55 and 100-hour simple moving averages failed to push the EUR/USD down. Instead, the rate surged to once again test the resistance of the 1.1680 level. By the middle of Tuesday's GMT trading hours, the rate had made three attempts to pass the 1.1680 mark. Economic Calendar Analysis On Wednesday, at 12:15 GMT the ADP Non-Farm Employment Change
On Friday, the EUR/USD currency exchange rate bounced off the resistance of the 1.1680 level. Afterwards, a decline to the 1.1620 level occurred. On Monday morning, the rate was consolidating, as it traded sideways between the support of the 1.1620 level and the resistance of 1.1640. Economic Calendar Analysis On Wednesday, at 12:15 GMT the ADP Non-Farm Employment Change data release could
Late on Thursday, the EUR/USD found support in the 1.1640 level and began a surge. On Friday morning, the rate passed the resistance of the 55-hour SMA, which had pushed the rate down for the whole week. In the near term future, the recovery of the EUR/USD could reach the 1.1700 level. Economic Calendar Analysis On Wednesday, at 12:15 GMT the ADP
The decline of the EUR/USD currency exchange rate has continued, as on Thursday morning the pair traded near the 1.1650 mark. Moreover, the rate had no technical support as low as the 1.1600 level, which was strengthened by two simple pivot points. Economic Calendar Analysis On Thursday, as accustomed, at 12:30 GMT, the US weekly Unemployment Claims could cause a move. The
As forecast, the EUR/USD reached the 1.1700 level. Moreover, after trading sideways throughout the second half of Tuesday, at midnight GMT, the rate dropped to the 1.1680 level, which provided support. In the near term future, the rate was expected to consolidate until the hourly simple moving averages catch up and push the pair down. Economic Calendar Analysis Wednesday is a major
Late on Monday, the lower trend line of the channel up pattern paused the rate's sharp decline and caused a retracement back up. However, on Tuesday morning, the pair was back at the support of the pattern and it pierced through it. In regards to the near term future, the pair was expected to test the support of the 1.1700