On Monday morning, the EUR/USD faced no short term technical resistance as high as 1.1250. Although, it did not necessarily indicate that a surge will take place. The rate had previously surged above the technical level cluster near 1.1230 and below all supports at 1.1220. None of the events caused a sharp move up or down. Latest Fundamental Event The European Single Currency
The 200-hour simple moving average has pushed the EUR/USD currency rate down. On Friday the rate traded at 1.1230 level. Meanwhile, the rate was clearly bouncing around and ignoring the 55 and 100-hour simple moving averages. Due to that reason it could be expected that the currency rate will resume its decline. Latest Fundamental Event The European Single Currency traded sideways against the
On Thursday, the EUR/USD traded near previous day's trading levels. The rate had been stopped by the resistance levels at 1.1250. Meanwhile the 55 and 100-hour simple moving averages were approaching the rate from below, indicating that a squeeze is about to occur. Latest Fundamental Event The European Single Currency traded sideways against the US Dollar, following the US Durable Goods Orders release
On Wednesday, the EUR/USD currency pair had reached technical resistance levels near 1.1250. If the rate manages to surge above this level, it would reach for the pivot point at 1.1280. Latest Fundamental Event The European Single Currency traded sideways against the US Dollar, following the US Durable Goods Orders release on Tuesday at 12:30 GMT. The EUR/USD exchange rate traded in a
The EUR/USD has declined below the pivot points, which on Friday were located near the 1.1240 mark. On Friday morning, the currency exchange rate surged up to pivot point levels and confirmed them as a technical resistance. In general, it was expected that the decline will resume in the near future. Latest Fundamental Event The European Single Currency traded sideways against the US
On Thursday morning the EUR/USD traded near the 1.1260, where it had surged after finding support at 1.1243 level, which stopped the rate from declining below the pivot points that are located near the 1.1240 level. The rate was expected to trade sideways until it meets with the combined resistance of a channel down pattern and the 55-hour simple moving average.
The EUR/USD has declined, as it was previously described in the most likely scenario. Namely, the rate was pushed down below the 1.1300 level. Although, on Wednesday morning the currency exchange rate had not reached the technical support of 1.1240, which was the target of the decline. Latest Fundamental Event The European Single Currency depreciated against the US Dollar, following the German Flash
During the early Monday's trading hours the EUR/USD was being pushed down by the technical resistance of the 55-hour simple moving average near the 1.1320. At the same time the rate had no technical support as low as the 1.1240 level. Due to that reason a decline was expected. Latest Fundamental Event The European Single Currency depreciated against the US Dollar, following the
On Friday morning the EUR/USD plummeted downwards. The move was caused by the publication of the Markit German PMI data sets. Our analysts were covering the data release live. A report on the event will be available in the near future. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US FOMC Meeting Minutes release on Wednesday at
The EUR/USD has reached the resistance levels at the 1.1365 mark. However, before doing that the currency exchange rate declined down below the 1.1340 level. Due to that reason it is assumed that most likely no short term traders managed to profit from the recent fluctuations. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US CPI and
On Tuesday the EUR/USD was making another attempt to pass the resistance of the 1.1360 level, which forced the rate into a decline down to 1.1325 on Monday. If the rate passes this level, it will immediately face the resistance of the monthly pivot point at 1.1365. Instead it is more likely that the pair will trade sideways until the support
As expected, the EUR/UDS has reached the 1.1350 level, which was passed on Monday. In the near future the pair is expected to reach the technical resistance of the monthly pivot point at 1.1365. If this level is passed, the weekly R1 at 1.1373 will provide resistance to the currency exchange rate. Latest Fundamental Event The European Single Currency appreciated against the US
The EUR/USD has remained below the 1.1340 level on Friday. Previously, the rate had retreated down to the 1.1300 level during Thursday's trading, where it found support for a surge. In general, the rate is expected to resume its attempt to reach the technical resistance levels at 1.1350. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US
A new high level has been reached by the EUR/USD. Namely, the pair had reached the 1.1340 level and bounced off it. By the middle of Thursday's trading session the rate was retreating to the 1.1300 level. That level together with the support of the 55-hour SMA is expected to cause a resumption of the surge. Latest Fundamental Event The European Single Currency
The EUR/USD has reached the 1.1300 level, as it was expected previously. On Wednesday, the currency exchange rate was testing the resistance of the 1.1300 level, which was strengthened by the 200-hour simple moving average. If the resistance that keeps the rate down at this level will be broken, the currency exchange rate will have no technical resistance as far
The EUR/USD continued to surge on Tuesday, as the rate managed to reach above the 1.1280 level. The rate had no technical resistance as high as the 200-hour simple moving average, which was located at 1.1300. The resistance was expected to be reached during today's trading. Latest Fundamental Event The European Single Currency depreciated against the US Dollar, following the EU Main
On Monday morning the EUR/USD broke resistance levels at 1.1240. Due to that reason the rate was expected to surge up to the 100-hour SMA at 1.2670. If that level gets passed, the rate will reach back up to the 1.1300 level, where it was located before the ECB caused drop. Busy start of the week This week will be unusual. The majority
As expected, the ECB announced that the bond buying and money creation done by the central bank will continue. Namely, there will be a lot more Euro in circulation than at the moment. So as there is more of something, it is worth a lot less. To be exact, the EUR/USD dropped by 1.15% due to the confirmation of what the
On Thursday, the EUR/USD traded between the 55 and 100-hour simple moving averages. Due to the fact that after a chart review a new ascending pattern was spotted and the rate had bounced off its support line, it was expected that the pair will test the resistance of the 100-hour SMA at 1.1330. ECB announcement day On Thursday, all attention will be on
The support of the weekly S1 at 1.3224 has been reached by EUR/USD. The rate initially bounced off the support level. Although, by the middle of the Tuesday's trading session another attempt to pass the support level. Notable macroeconomic data releases start on Wednesday This week is set to be the first one of the month. Due to that reason it is set
The EUR/USD has continued to decline. By the middle of Monday's trading it as expected to head for the 1.1325 level. In the meantime, there were arguments that favoured possible sideways trading of the currency exchange rate. Notable macroeconomic data releases start on Wednesday This week is set to be the first one of the month. Due to that reason it is set
The EUR/USD has passed the support of the ascending pattern. By the middle of Friday's trading session the rate traded between two significant clusters of technical levels. In general, traders will be waiting for break outs out of the range that the pair is squeezed in. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US Durable Goods
On Thursday morning, after finding support in the lower trend line of the ascending pattern, the EUR/USD began another attempt at surging above 1.1400. That level needs to be watched closely to understand the medium term future of the EUR/USD. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US Durable Goods Orders data release last Thursday at
The EUR/USD is hitting targets and signalling a continuation of the surge is about to occur. In general, if the fundamentals don't intervene, the rate is set to eventually reach the 1.1424 level. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US Durable Goods Orders data release on Thursday at 13:30 GMT. The EUR/USD exchange currency rate