EUR/USD technical analysis today 31.05.2011:

Current price 1.4410. The pair remains in uptrend movement. Next targets are 1.4440-1.4460. A clear drop below 1.4370 and trading below this level may decline the price towards 1.4300 area. 

At 9 am GMT today the Eurozone Unemployment Rate report will be released. Then at 2:00 pm GMT the CB Consumer Confidence will be announced. Both reports may affect the currency pair in either direction.

EUR/USD technical analysis today 30.05.2011:

Current price 1.4278. We may expect less activity on the market today because of the Bank Holiday today in the USA. Despite this fact the currency pair remains in uptrend movement and we can expect further rise towards 1.4300 area. On the other hand trading below 1.4250 will keep the range in between 1.4200-1.4270.

EUR/USD technical analysis today 27.05.2011:

The currency pair remains in uptrend position. Next target seems to be 1.4300 area. Only trading below 1.4230-1.4210 may trigger the price even below 1.4200

EUR/USD technical analysis today 26.05.2011:

The currency pair remains in uptrend movement. Current price 1.4190. Next level will be above 1.4200 area towards 1.4250 in the next hours. Only a clear break and trading below 1.4170 may trigger the price back to 1.4150-1.4130.

The US Prelim GDP q/q and Unemployment Claims reports will be released today at 12:30 pm GMT. Both reports are expected to have a strong impact over the US dollar against other major currencies.

EUR/USD technical analysis today 25.05.2011:

The currency pair remains in downtrend movement at this hour. Possible next target is 1.4000 area. A drop below this level will probably bring the price further down towards 1.3980. On the other hand if the price breaks through 1.4100 area, we may expect higher levels around 1.4130-1.4150.

At 12:30 pm GMT the US Core Durable Goods Orders m/m report will be released. Then at 2:30 pm GMT the US Crude Oil Inventories report will be announced.

EUR/USD technical analysis today 24.05.2011:

Current price 1.4095. Possible next levels are 1.4120-1.4150. Trading below 1.4100 could take the price towards 1.4050. A clear break below this level will trigger the price close to 1.4020 area.

EUR/USD technical analysis today 20.05.2011:

The currency pair is trading around 1.4300. The pair will probably remain in downtrend movement in the next hours towards 1.4270-1.4280 area. A clear break below these levels will decline the price even more to 1.4250. Trading above 1.4300 will push the price towards 1.4350 at some point later today.

EUR/USD technical analysis today 19.05.2011:

The current price 1.4240. The pair remains in downtrend movement at the hour. Possible next target 1.4200. Only a clear break below this level may trigger the price further down towards 1.4150 area. On the other hand if the price bounce off 1.4200 we may expect an uptrend movement towards 1.4270-1.4290 area.

The US Unemployment Claims report will be announced today at 12:30 pm GMT. Then, at 2:00 pm GMT the US Existing Home Sales and Philly Fed Manufacturing Index will be released. All three reports are expected to have a strong impact over the US dollar against other major currencies on the market.

EUR/USD technical analysis today 18.05.2011:

Current price 1.4268. Next targets are 1.4280-1.4300 area. A clear break above these levels may trigger the price up to 1.4340-1.4360 in the next hours. The main support is now located at 1.4200. Only a break below this level could push the pair towards 1.4170.

The Federal Open Market Committee meeting is scheduled for tonight at 3:00 pm GMT. It will provide insights into the economic and financial conditions.

EUR/USD technical analysis today 17.05.2011:

The currency pair remains in neutral movement in the last a few hours. Possible next targets are 1.4200 area. A clear break above this level could trigger the price towards 1.4250. On the other hand, if there is a clear drop below 1.4140 we may expect further decline towards 1.4100.

The German ZEW Economic Sentiment will be released today at 9:00 am GMT. Later at 12:30 pm GMT the US Building Permits report will be announced. Both releases are expected to have a strong impact over the EUR/USD depending on the results.

EUR/USD technical analysis today 16.05.2011:

Current price 1.4120. The pair remains in uptrend movement. Possible next targets are 1.4140-1.4160. If there is a clear break above these levels, we can expect further rise towards 1.4200 area. On the other hand, if the price breaks below 1.4100 then the targets would be 1.4080-1.4060.

Fed Chairman Bernanke Speaks today at 1:00 pm GMT. Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues. At the same time, the US Treasury International Capital report will be released. Both reports are expected to have a strong impact over the US dollar depending on the results.

EUR/USD technical analysis today 12.05.2011:

The pair remains in downtrend movement. Current price 1.4170. Next targets are 1.4140-14120. A break below 1.4100 could trigger the price even further down towards 1.4080. On the other hand, if the price breaks above 1.4230 we may expect further rise towards 1.4250-14270.

EUR/USD technical analysis today 11.05.2011:

Current price 1.4373. Possible next targets are above 1.4400 area. A clear break above 1.4420 could take the price towards 1.4450. On the other hand, if the price drops 1.4330 we can expect further decline towards 1.4300 area.

The US Trade Balance report will be released today at 12:30 pm GMT, and it is expected to have a strong impact over the US dollar depending on the results. Then, at 2:30 pm GMT the US Crude Oil Inventories report will be announced, which is expected to have a medium impact on the American currency.

EUR/USD technical analysis today 10.05.2011:

The current price is 1.4356. The pair remains in uptrend movement. Next targets are 1.4380-1.4400 area. Only a clear break below 1.4300 could trigger the price back to 1.4280.

EUR/USD technical analysis today 09.05.2011:

The currency pair is in neutral position at this hour. Current price 1.4412. Next targets seems to be around 1.4380 area. A clear break below 1.4350 could trigger the price towards 1.4300. There are no major event on the forex market today for the European currency and the US dollar.

EUR/USD technical analysis today 06.05.2011:

The currency pair remains in neutral movement at this hour. Current price 1.4580. The European currency depreciated from 1.4880 to 1.4520 yesterday. We may expect some uptrend movement towards 1.4600 area with targets 1.4610 - 1.4630. If the pair keeps trading below 1.4600, we can expect decline towards 1.4500 area.

The US Non-Farm Employment Change and Unemployment Rate reports will be released today at 12:30pm GMT. Both reports are expected to have a strong impact over the US dollar depending on the results. The unemployment rate was projected to hold at 8.8% and if the actual result is below this number, we can expect a positve move for the American currency.

EUR/USD technical analysis today 05.05.2011:

Current price 1.4880. The currency pair remains in uptrend movement. Next targets are 1.4900-1.4940. A clear break above 1.4950 could trigger the pair up to 1.4970. On the other scenario, we may expect some downtrend movement if the price drops below 1.4840-1.4820 area.

On the forex market, there are a lot of event which may affect the European currency and the US dollar. The major events for today are:

- at 11:45 am GMT - The European Minimum Bid Rate
- at 12:30 pm GMT - ECB Press Conference and the US Unemployment Claims
- at 1:30 pm GMT - Fed Chairman Bernanke Speaks

EUR/USD technical analysis today 04.05.2011:

The currency pair remains in uptrend movement. Based on the 1 hour chart, a clear break above 1.4860 could trigger the price close to 1.4880-1.4900 area. On the other hand, based on the 4 hour chart, and if the pair does not manage to break 1.4860-1.4880, then we may expect some downtrend movement towards 1.4820-1.4800.

On the forex market, the US Automatic Data Processing, Inc (ADP) report will be released today at 12:30pm GMT. The forecast is 200K, and if the actual nubmer is higher than that, we may see some strong impact in favor for the US dollar on the market.

Later, at 2:00pm GMT, the US (ISM) and Purchasing Managers' Index (PMI) will be announced, which is also expected to affect the US currency in either direction depending on the result.

EUR/USD technical analysis today 03.05.2011:

The currency pair is trading below 1.4800 area, and we can expect further decline towards 1.4750-1.4730 in the next hours. Only a break above 1.4800 may trigger the price up to 1.4830.  The main resistance is now located at 1.4850.

The US Factory Orders m/m will be released at 2:00pm GMT. This report is expected to have a medium impact on the US dollar depending on the result.

EUR/USD technical analysis today 02.05.2011:

The currency pair remains in neutral movement at this hour. Current price 1.4813. If the price breaks below 1.4800 we may expect further decline towards 1.4770. On the other hand, a clear break above 1.4850 could trigger the price up to 1.4880-1.4500 area.