On Monday, the EUR/USD failed at its third attempt to pass the resistance of the pivot point at 1.1867. The sudden decline was consistent with the German announcement that the country's government debt would reach 80% of GDP, which is the same level as in the aftermath of the financial crash. Economic Calendar Analysis Wednesday is a major day for other
The EUR/USD currency pair has revealed a medium-term descending channel. From a theoretical perspective, it is likely that the pair could reverse south from the upper channel line in the nearest future. Economic Calendar Analysis Wednesday is a major day for other data releases. Throughout the whole day the Markit institute is set to publish Manufacturing and Services Purchasing Managers Indices. The
The Federal Reserve strengthened the US Dollar on Wednesday. Namely, its announcement essentially meant that the supply of the US Dollar would be smaller than the markets previously thought. A full report is set to be published soon. In the meantime, the following decline of the EUR/USD reached the 1.1740 level, which provided the rate with support. Economic Calendar Analysis On Thursday,
The EUR/USD made another attempt to pass the resistance of the 1.1900 level and failed on Tuesday. This event resulted in a decline, which reached the 1.1830 level by the start of Wednesday's trading. From that level, the rate began a recovery, which was piercing one resistance level after another, as the rate appeared to be returning to the 1.1900
As forecast, the EUR/USD managed to pass the resistance of the monthly pivot point at 1.1867. On Tuesday, the currency exchange rate reached the 1.1900 level, which provided resistance. In the near term future, the rate could trade sideways until the 55 and 100-hour SMAs catch up and provide support. Economic Calendar Analysis This week, on Wednesday, at 12:30 GMT the US
The EUR/USD started the week's trading by approaching the monthly pivot point at 1.1867 and testing its resistance. In theory, the rate could pass this level, if it would get pushed up by the support of the 55 and 100-hour simple moving averages. Economic Calendar Analysis This week, on Wednesday, at 12:30 GMT the US Retail Sales and Core Retail Sales
The ECB rate announcement and meeting minutes caused a surge of the EUR/UDS to the 1.1920 level. However, the rate began a retracement back down after the event, which even declined below the pre-announcement levels. On Friday morning, the pair had bounced off the support of the 55 and 100-hour SMAs and reached the 200-hour SMA, which appeared to be
On Thursday morning, the EUR/USD traded just below the 1.1840 level. The rate had reached this level in a sharp fundamental surge that was attributed by the financial media to an upcoming monetary squeeze of the European Central Bank. The ECB data was set to be out at 11:45 GMT. All attention was set on it. Economic Calendar Analysis On Thursday, at
The EUR/USD fulfilled the forecast of a decline, as the rate dropped to the support of the monthly S1 simple pivot point at 1.7667. Future near term forecasts were based upon what would happen at the pivot point. Economic Calendar Analysis There are couple events that could impact the EUR/USD pair. On Thursday, at 11:45 GMT, the European Central Bank would publish its
During Tuesday's morning trading hours, the EUR/USD traded between the support of the medium scale channel up pattern and the resistance of the 55-hour simple moving average. In the near term future, the rate was either going to pass the resistance of two SMAs near 1.1830 or break the pattern and decline. Economic Calendar Analysis There are couple events that could impact
On Monday, the EUR/USD traded in the previous range between the lower trend line of a channel up pattern and the resistance of technical levels near 1.1870. In the meantime, it was spotted that the rate had begun to ignore the 55-hour SMA. In the near term future, the exchange rate was expected to remain between 1.1870and 1.1800. Economic Calendar Analysis There
On Thursday, the EUR/USD currency pair reversed north from the lower line of the medium-term ascending channel. From a theoretical perspective, it is likely that some upside potential could prevail in the market. Economic Calendar Analysis On Friday, both Canada and the US are set to release their monthly employment data at 12:30 GMT. Depending on the currencies that one trades, one
The decline of the EUR/USD has continued in a sharp manner. On Thursday morning, the pair had reached the lower trend line of the medium scale channel up pattern. In theory, the trend line should cause a surge in the borders of the pattern. Economic Calendar Analysis On Thursday, watch the economic calendar two times during the day. At 12:30 the weekly
The currency exchange rate respected the medium size channel up pattern, as it bounced off its resistance line and declined. On Wednesday morning, the currency exchange rate had reached the support of the weekly and monthly simple pivot points and the 200-hour simple moving average. Economic Calendar Analysis At 12:15 on Wednesday, the ADP Non-Farm Payrolls could cause a move from 5.5
As described on Friday, the EUR/USD has reached the upper trend line of a medium-term channel pattern. However, it appeared higher than expected, as the line was reached on Monday morning near 1.2000. In theory, the rate should decline in the borders of the pattern. Although, it would face various support levels that could keep the pair up. Economic Calendar Analysis On
The EUR/USD currency pair continued to appreciate within the medium-term ascending channel. Note that the pair could face the resistance near 1.1960 provided by the weekly R1 and the 2020 high. Economic Calendar Analysis The first week of the month is upcoming. It is set to reveal monthly data sets, which are expected to cause notable currency rate adjustments. On Tuesday, at
The EUR/USD has ended its sideways trading, as on Friday morning it was testing the resistance of the 1.1900 level. Future forecasts were based upon what would happen at that level. In the meantime, take into account that the Economic Calendar Analysis has been updated for the next week. Economic Calendar Analysis The first week of the month is upcoming. It is
On Thursday morning, the EUR/USD continued to test the resistance of the weekly simple pivot point at 1.1839 and the 200-hour simple moving average at 1.1848. In the meantime, it was spotted that the support of the 1.1785 level had stopped the rate's Wednesday decline and caused the most recent tests of the mentioned resistance levels. Economic Calendar Analysis On Thursday, the
On Wednesday, the resistance of the weekly simple pivot point at 1.1840 continued to hold. The rate had failed in numerous attempts at passing the resistance In the meantime, it could be spotted that the rate has begun to ignore the resistance and support of the 100-hour simple moving average. Economic Calendar Analysis On Wednesday, at 12:30 GMT traders should watch
During Tuesday morning GMT hours, the EUR/USD currency exchange rate surged to start another test of the technical resistance levels near the 1.1840 mark. Basically, the situation had not changed since Monday, as the rate remained in the same range between the support of 1.1785 and the resistance of 1.1840. Economic Calendar Analysis As the last week of the month, the following
On Friday, the 55 and 100-hour SMAs pushed the rate down. The EUR/USD almost reached the 1.1750 before a recovery started. On Monday, the pair started the week by surging and testing a cluster of resistance levels. Economic Calendar Analysis As the last week of the month, the following week is expected to be a quiet one. However, there are events that
After shortly touching the support of the 1.1800 level, the EUR/USD began a recovery, which during early Friday GMT morning hours had reached the resistance of the 55 and 100-hour SMA at 1.1880. The near term forecasts were based upon what would happen at the simple moving averages. FOMC Meeting Minutes The Euro traded sideways against the US Dollar, following the FOMC
The FOMC Meeting Minutes on Wednesday caused a drop of the currency exchange rate. A report in the Fundamental Analysis section about the event is upcoming. The decline of the rate found support in the 1.1830 level. In the near term future, the rate was expected to recover and test resistance levels. Economic Calendar Analysis On Thursday, the weekly US Unemployment Claims
The EUR/USD surged on Tuesday and reached the forecast target. Namely, the pair touched the weekly R2 simple pivot point and the upper trend line of the channel up pattern at 1.1960. Since reaching the target, the rate has been consolidating by trading sideways below the 1.1950 level. Economic Calendar Analysis Despite the week having high impact events on the calendar, Dukascopy