As laid out in the main forecast on Thursday, on Friday the EUR/USD reached the targeted 1.1080 level. At that level the pair met with the resistance of a pivot point, which caused a decline. By the middle of Friday's GMT trading hours, the rate had stopped above the 1.1000 level's support. US Weekly Unemployment claims On Thursday, the weekly US unemployment
On Thursday, the EUR/USD was heading to the 1.1000 level. The surge was mainly attributed to a decline of the US Dollar that was caused by the US government announcing $2 trillion stimulus measures. Namely, the US government announced that it is set to borrow money from the public and mainly the Federal Reserve via bonds. The Fed is likely
During the 24 hours up to the writing of this article, the EUR/USD had failed at attempts to surge. The pair retreated until it found support in the 55-hour simple moving average. The 55-hour SMA had been pushing the rate higher since the second part of Tuesday's GMT trading hours. In the near term future, the SMA was expected to
By the middle of Tuesday's GMT trading hours, the EUR/USD currency exchange rate's recovery was approaching the 1.0900 level. In general, the rate was expected to continue to surge as high as the 1.0950 level. Above this level the pair would meet with two technical resistance levels. Economic Calendar Analysis This week, there will be couple of events that could impact the
The EUR/USD currency pair remains to trade above the support level – the monthly S2 at 1.0650. During Monday morning, the pair was under pressure of the 55-hour SMA. If the given support does not hold, some downside potential could prevail in the market. Economic Calendar Analysis This week, there will be couple of events that could impact the
On Friday morning, the EUR/USD currency pair re-tested the monthly S1 at 1.0840. It is unlikely that some upside potential could prevail in the market due to the resistance provided by the 55-hour SMA. Economic Calendar Analysis This week, there are no events left that could impact the EUR/USD pair. Next week, there will be couple of events that could
On Thursday morning, the EUR/USD currency pair declined to the weekly S2 at 1.0776. If the given support level holds, it is likely that the pair could reverse north. Otherwise, bears could prevail in the market. Economic Calendar Analysis This week, there are no events left that could impact the EUR/USD pair. Meanwhile, Dukascopy Analytics are not publishing the
On Wednesday morning, the EUR/USD currency pair was testing the support level formed by the monthly PP at 1.0968. Given that the pair remains to be under pressure of the 55- and 100-hour SMAs, it is likely that some downside potential could prevail. Economic Calendar Analysis This week there are no events left that could impact the EUR/USD pair. Meanwhile, Dukascopy Analytics
On Tuesday morning, the EUR/USD currency pair declined to the lower boundary of the short-term descending channel. If the given trend holds, it is likely that a reversal north could occur. Economic Calendar Analysis Today, the US Retail Sales could cause a small move in the markets at 14:30 GMT. On Wednesday, the event of the week is set to occur, as
On Monday, the EUR/USD currency exchange rate recovered, as it had previously found support in the 1.1050 level. By the middle of Monday's GMT trading hours, the pair had bounced off the resistance of two hourly simple moving averages and was heading lower. Economic Calendar Analysis On Tuesday, the US Retail Sales could cause a small move in the markets at 14:30
Since the second part of Thursday's GMT trading hours, the EUR/USD has traded sideways between the 1.1150 and 1.1200 levels. Previously, the rate almost reached the 1.1050 level, which was a new recent low level. Economic Calendar Analysis Next week, on Tuesday, the US Retail Sales could cause a small move in the markets at 14:30 GMT. On Wednesday, the event of the
The resistance of the 55-hour simple moving average managed to cause a decline of the EUR/USD currency exchange rate. By the middle of Thursday's GMT trading hours, the pair had passed various support levels. In the near term future, the rate was about to reach the 1.1200 level. Economic Calendar Analysis On Thursday, March 12, the European Central Bank will make its
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,