The EUR/USD scored a new high level on Tuesday. Although it occurred after retreating down to dominant support level at 1.1345. In general, previous targets remain active, as the pair's closest technical resistance was located at 1.1380. 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
The EUR/USD is starting the week without close by resistance levels. In general, it is expected to surge up to the 1.1380 level. At that level the first weekly resistance of the simple pivot points is located at. Meanwhile, the pair is supported by the hourly simple moving averages. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the
On Friday, the EUR/USD decreased volatility and continued to trade near the 1.1345 level where the weekly R1 was located together with the 55-hour simple moving average. Meanwhile, take into account that on Thursday the 100-hour SMA approached the pair from the below. It began to provide significant support. Namely, the SMA managed to keep the rate from declining. Latest Fundamental Event The
By the middle of Thursday's trading session the EUR/USD had traded in the previous range between 1.1320 and 1.1360. The most notable update is that the EUR/USD had passed below the support of the 55-hour simple moving average. The SMA no longer had the needed strength to keep the rate up. Latest Fundamental Event The European Single Currency appreciated against the US Dollar,
The rate has reached the next technical resistance level at 1.1345. Although, the pair reached the resistance only after first dropping down to the 1.1280 mark. If one did not had a faraway stop loss with a small long position, it is unlikely that profits were had from this move. In addition, note that volatility had increased highly during the jump.
On Tuesday morning the EUR/USD suddenly jumped just before the middle of the day, as it broke three resistance levels near 1.1300. The surge paused at the 1.1320 level. However, from a technical perspective the rate faced no resistance as high as the 1.1345 level. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US Retail Sales
By the middle of Monday's trading the EUR/USD had passed a significant technical resistance at 1.1320. In general, the pair had no resistance as far as 1.1345. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US Retail Sales data released on Thursday at 13:30 GMT. The EUR/USD exchange currency rate gained 19 pips or 0.17% during
The European Single Currency passed the support level of the weekly S1 at the 1.1276 mark. The rate declines towards the weekly S2 at the 1.1229 mark. Most likely, the EUR/USD will meet 61.80% Fibonacci retracement level at the end of the trading week. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US FOMC
The European Single Currency broke the small pattern line at the 1.1309 mark. On Thursday, the rate continues depreciating towards the weekly S2 at 1.1229 Most likely, the EUR/USD will meet 61.80% Fibonacci retracement level at the end of the trading week. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US FOMC Meeting Minutes release the
The European Single Currency appreciated against the US Dollar to break the resistance levels of the monthly S1 and the bottom boundary of the dominant pattern line. However, it is expected that the rate will continue its depreciation. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US FOMC Meeting Minutes release the previous Wednesday at 19:00 GMT.
The support of the dominant pattern and the monthly pivot point at 1.1300 was passed. The move has resulted in a drop downwards. In general, for the future it is expected that the pair will continue its descent in the future. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US FOMC Meeting Minutes release the previous Wednesday
On Monday, the EUR/USD was testing the support of the lower trend line of a dominant ascending pattern. The trend line has to be watched to see, what will be the future of the pair. In general, it can either decline below the support and continued lower or rebound to resume its surge upwards. Latest Fundamental Event The European Single Currency appreciated against
The pair reached the support of the 1.1330 level, where a pivot point is located, as forecast. Although, the price action after the event might have triggered stop losses of short positions, as the rate retraced back up more than thirty pips. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US FOMC Meeting Minutes release
The decline of EUR/USD continues. As the short positions of Swiss Traders have been intact, the traders have continued to profit. During the early hours of Thursday's trading the pair was aiming at the 1.1330 level, where the weekly S2 was located at. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US FOMC Meeting Minutes release the
Another target has been reached by the decline of the EUR/USD. Dukascopy traders have been shorting the decline and profiting. Although the piercing of the support levels near the 1.1400 mark is signalling a further decline, the likelihood that it will continues is decreasing. Namely, the probability of a longer than usual decline is decreasing as the moving downwards continues. Latest Fundamental
The EUR/USD has declined, as the most likely scenario suggested yesterday. Namely, the support levels at 1.1420 has been reached. Next target for a decline is the weekly S1 at the 1.1395 level. Although, note that the 1.1400 level might provide psychological support. Market participants tend to do deals near round levels of currency exchange rates. Latest Fundamental Event The European Single Currency
On Monday, the common European currency traded between two levels of technical analysis between 1.1435 and 1.1455. As the rate broke a previously described ascending channel pattern, a decline further is highly likely. Namely, if the level at 1.1435 is passed, the rate could drop as low as 1.1420. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the
The EUR/USD is trading with high volatility on Thursday and Friday. During the period of high volatility the pair has broken the lower trend line of a dominant ascending pattern on the hourly chart. Meanwhile, a full review of the daily chart has been conducted, as the lower trend line of a previously hypothetical and kept secret pattern at Dukascopy Analytics
The EUR/USD has highly increased its volatility, as the rate has traded in a range of more than fifty base points during the last 24 hours. In general the rate made an attempt to approach the 1.1400 level and retreated back down to the support of a dominant ascending pattern near the 1.1340 level after failing to reach the 1.1400 level. Latest
On Wednesday morning the EUR/USD had stopped its decline and surged back up to the levels above the 1.1350 mark. Although, the pair already on Tuesday reached the previously set target of the zone below the 1.1340. Namely, it touched it during the second half of Tuesday's trading and immediately began a surge, which reached as high as 1.1375. Latest Fundamental Event The
The EUR/USD decline has continues. Namely, the currency exchange rate has reached the 1.1350 level on Tuesday morning. The rate was expected to continue its decline as low as the levels between 1.1330 and 1.1340. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US PPI and Core PPI release on Tuesday at 13:30 GMT. The EUR/USD exchange
The EUR/USD has traded almost horizontally during the past 24 hours. Meanwhile, there is a notable event that has occurred during the trading. After making many attempts to force the currency rate into a decline, the 55-hour simple moving average has failed to push the rate lower. Instead the resistance was broken by the EUR/USD. Latest Fundamental Event The European Single Currency
The EUR/USD has reached the targeted support of the weekly S1 at the 1.1390 level. Moreover, the decline was expected to continue on Thursday morning. The rate was making attempts to decline even further, as it had made various attempts to break free from the weekly pivot point and continue its way downwards to the 1.1330 level. Latest Fundamental Event The European Single
The decline of the EUR/USD continues, as traders take advantage of it. Namely, the rate has been testing the support of the weekly S1 at the 1.1390 mark. The currency exchange rate is expected to eventually pass this support level and reach down to the monthly pivot point at the 1.1330 level. Latest Fundamental Event The European Single Currency appreciated against the US