On Monday, the EUR/USD currency exchange rate approached the November high level zone at 1.0950/1.0965. By mid-Tuesday, situation had not changed, the rate remained below this level and was testing its resistance. Economic Calendar Analysis This week, the EUR/USD could react to the publication of the German and Spanish Consumer Price Indices on Wednesday morning. On Wednesday, at 13:30 GMT, the US
The EUR/USD currency exchange rate has approached the November high level zone at 1.0950/1.0965. Economic Calendar Analysis This week, the EUR/USD could react to the publication of the German and Spanish Consumer Price Indices on Wednesday morning. On Wednesday, at 13:30 GMT, the US Preliminary quarterly GDP is expected to impact the financial markets through the value of the US Dollar. On
Due to the US holidays the markets are closed in the United States, which has reduced volatility. In general, it has resulted in the EUR/USD remaining near the 1.0900 mark. Economic Calendar Analysis Next week, the EUR/USD could react to the publication of the German and Spanish Consumer Price Indices on Wednesday morning. On Wednesday, at 13:30 GMT, the US Preliminary quarterly
The decline of the Euro against the US Dollar eventually encountered support in the form of the 1.0850 level. In addition, it is assumed that some pressure came from the approaching 200-hour simple moving average. The event was followed by a recovery up and above the 1.0900 mark. Economic Calendar Analysis Next week, the EUR/USD could react to the publication of the
The reaction to the release of the Federal Reserve Meeting Minutes was minor. Meanwhile, the pair confirmed the 1.0950/1.0965 range as resistance. By mid-Wednesday, the rate had reached the 1.0900 mark and the 100-hour simple moving average, which appeared to be failing to act as support.Meanwhile, it was spotted that since Tuesday Dukascopy traders have been short and are taking
The EUR/USD has massively surged due to the US inflation having been revealed to be lower than markets expected. This week, the surge continued, as the pair reached above 1.0900. On Monday, the pair tested the resistance of the 1.0940 level. By mid-Tuesday, the pair was at 1.0960. Economic Calendar Analysis This week, the financial markets could adjust to the publication of
The EUR/USD has massively surged due to the US inflation having been revealed to be lower than markets expected. This week, the surge continued, as the pair reached above 1.0900. On Monday, the pair tested the resistance of the 1.0940 level. Economic Calendar Analysis This week, the financial markets could adjust to the publication of the US Federal Reserve Federal Open Market
The 200-hour simple moving average has reached and strengthened the support of the 1.0655/1.0665 range. Meanwhile, the 50 and 100-hour simple moving averages appear to be failing at impacting the EUR/USD. Economic Calendar Analysis On Tuesday note the US Consumer Price Index data set release at 13:30 GMT. The data release is set to impact the US Dollar's value. Higher than expected
Since Tuesday, the EUR/USD has continued to respect the support of the weekly simple pivot point at 1.0664 and the 1.0660 mark. Meanwhile, it has been observed that the 50 and 100-hour simple moving averages fail to impact the pair. Economic Calendar Analysis This week, there are no notable pre-scheduled events that might impact the currency exchange rate. Some financial news outlets
On Tuesday, the EUR/USD confirmed that it can find support in the combination of the weekly simple pivot point and the 100-hour simple moving average at 1.0665. Economic Calendar Analysis This week, there are no notable pre-scheduled events that might impact the currency exchange rate. Some financial news outlets note the upcoming "speech" of Jerome Powell on Thursday at 19:00 GMT. However,
In general, as soon as the EUR/USD reveals a larger scale direction, a fundamental event reverses it. This way the pair has traded around the 1.0600 mark for two weeks. The United States Federal Reserve has just revealed that it will keep the Federal Funds Rate unchanged at 5.50%. The news caused a 0.15% drop of the US Dollar index from
Support was found in the weekly simple pivot point at 1.0592 on Tuesday morning. Meanwhile, additional pressure was provided by the 50, 100 and 200-hour simple moving averages. By mid-Tuesday's European trading, the rate had reached above the 1.0640 level and the weekly R1 simple pivot point at 1.0662. Economic Calendar Analysis This week most events will be ignored due to a
The EUR/USD found support in the 1.0520/1.0535 range on Friday and started a surge that by mid-Monday had reached above the 106.00 mark. Economic Calendar Analysis This week most events will be ignored due to a simple reason. The US central bank, The Federal Reserve is scheduled to make a rate announcement on Wednesday at 18:00 GMT. The Fed is expected to
It was recently spotted that the EUR/USD, despite being impacted by fundamentals events, has been respecting the support of the weekly S1 simple pivot point at 1.0525 and the weekly simple pivot point at 1.0571. Economic Calendar Analysis On Friday, the US Core PCE Price Index data will impact the value of the US Dollar. The US monetary policymakers watch the Personal
The currency exchange rate has reached above the 1.0600 mark. However, the 1.0620 level is acting as resistance. It caused a retracement on Thursday and kept the rate down mid-Monday. Meanwhile, it has been spotted and charted that the rate is in a channel up pattern. Economic Calendar Analysis This week, the rate could react to European and United States data releases. On
The EUR/USD has passed above the resistance range at 1.0555/1.0565 However, the pair has not managed to reach above the 1.0600 mark and the weekly R1 simple pivot point. Economic Calendar Analysis On Thursday, the US weekly Unemployment claims could create a minor reaction in the US Dollar at 12:30 GMT. However, by large this event is being ignored by the markets,
The EUR/USD has confirmed the 1.0500 mark as support. Meanwhile, resistance is found at 1.0555/1.0565. In addition, the pair respects the hourly moving averages. Economic Calendar Analysis This week, there are couple of events that might cause minor reactions in the Forex market. On Thursday, the US weekly Unemployment claims could create a minor reaction in the US Dollar. However, by large
The EUR/USD has managed to reach above the 1.0600/1.0620 resistance. During the second part of Wednesday's trading, it appeared that the range was being confirmed as support. Meanwhile, it is clear that the 50-hour simple moving average provided the needed support for the push through 1.0620. Economic Calendar Analysis On Thursday, at 12:30 GMT, the US Dollar will react to the combination
The EUR/USD is facing the resistance of the 1.0600/1.0620 zone. The zone has previously acted as support and resistance. Economic Calendar Analysis Watch out for the US inflation data. On Wednesday, the US Producer Price Index is set to be published at 12:30 GMT. Also on Wednesday, the US Federal Reserve will publish the FOMC Meeting Minutes. The minutes could reveal more
The EUR/USD has ignored technical levels due to fundamental events taking place. On Friday, the US employment data caused high volatility and an eventual decline of the US Dollar. On Monday, the Dollar recovered because of a run to safety that started due to the war in Israel. By mid-Monday it was observed that the pair had resumed to respect technical
The EUR/USD recovery has reached above the 1.0530 level and the 100-hour simple moving average. The 100-hour SMA was keeping the rate down on Wednesday. On Thursday, the rate reached the resistance of the 200-hour SMA near 1.0540. Economic Calendar Analysis On Friday, the top event of the week will take place. The United States will publish the monthly employment data at
The support of the 1.0450 mark was enough to cause a recovery of the Euro against the US Dollar. The rat has reached above the resistance of the weekly S1 at 1.0486, the 50-hour simple moving average and the 1.0500 mark. At mid-day on Wednesday, the pair faced the 100-hour simple moving average at 1.0525. Economic Calendar Analysis On Thursday, minor action
The resistance of the 200-hour simple moving average was enough for the EUR/USD to resume its decline. The decline was slowed down only by the combination of the 50 and 100-hour SMAs and the weekly S1 simple pivot point at 1.0486. On Tuesday, the pair reached the 1.0450 level. Economic Calendar Analysis On Wednesday, watch out for the ADP Non-Farm Employment Change
The EUR/USD currency exchange rate has extended its recovery. On Friday, the rate was heading to the upper trend line of the channel down pattern. However, it was slowed down by the 200-hour simple moving average near 1.0620. Economic Calendar Analysis This Friday, all attention will be on the US Core PCE Price Index release on Friday at 12:30 GMT. Next week, the