The currency pair remains in neutral movement at this hour. Current price 1.4500. If there is a clear break above 1.4520 we may expect the uptrend to continue towards 1.4550 area. On the scenario, if we see a break through 1.4450 further decline towards 1.4420 could be seen. The Greek Gov Debt Crisis Vote may be also affecting the European currency thought the trading sessions today.
On the forex calendar for today:
- at 6:45am GMT - French Consumer Spending m/m - medium
- at 7:00am GMT - ECB President Trichet Speaks - high
- at 8:00am GMT - EU M3 Money Supply y/y - medium
- at 9:00am GMT - EU CPI Flash Estimate y/y - medium
- at 12:30pm GMT - US Unemployment Claims - high
- at 1:45pm GMT - Chicago PMI - medium
Thursday, 30 June 2011
Wednesday, 29 June 2011
EUR/USD technical analysis today 29.06.2011:
Current price 1.4400. The pair remains in uptrend movement in the last a few hours. Possible next targets 1.4440-1450 area. Only trading below 1.4360 may decline the price towards 1.4350 and below. The Greek Gov Debt Crisis Vote will be affecting the currency pair during the European and the American trading sessions.
On the forex calendar for today:
- at 2:00pm GMT - US Pending Home Sales m/m - high
- at 2:30pm GMT - US Crude Oil Inventories - medium
- at 4:00pm GMT - Federal Reserve Governor Sarah Bloom Raskin speaks - medium
On the forex calendar for today:
- at 2:00pm GMT - US Pending Home Sales m/m - high
- at 2:30pm GMT - US Crude Oil Inventories - medium
- at 4:00pm GMT - Federal Reserve Governor Sarah Bloom Raskin speaks - medium
Posted by
Dobrin Stoimenov
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Technical Analysis
Tuesday, 28 June 2011
EUR/USD technical analysis today 28.06.2011:
The currency pair remains in uptrend movement at this hours. Current price 1.4317. Possible next targets 1.4330-1.4350. A clear break though these levels may trigger the price towards 1.4370. On the other hand if there is a clear drop below 1.4280 we may expect further decline towards 1.4260-1.4250.
On the forex calendar for today:
- at 1:00pm GMT - US Standard & Poor's report - medium
- at 2:00pm GMT - US CB Consumer Confidence - high
- at 4:00pm GMT - Federal Reserve Bank of Dallas President Richard Fisher speaks - medium
- at 6:45pm GMT - ECB President Jean-Claude Trichet - medium
On the forex calendar for today:
- at 1:00pm GMT - US Standard & Poor's report - medium
- at 2:00pm GMT - US CB Consumer Confidence - high
- at 4:00pm GMT - Federal Reserve Bank of Dallas President Richard Fisher speaks - medium
- at 6:45pm GMT - ECB President Jean-Claude Trichet - medium
Posted by
Dobrin Stoimenov
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Technical Analysis
Monday, 27 June 2011
EUR/USD technical analysis today 27.06.2011:
The currency pair remains in neutral movement at this hour. Current price 1.4140. We may expect some upward movement at some point due to the fact that the pair was oversold. Possible next target 1.4160-1.4170. Only a clear break above 1.4200 area may trigger the price back to 1.4230-1.4250.
On the forex calendar for today:
- at 12:30pm GMT - US Core PCE Price Index m/m - medium
- at 12:30pm GMT - US Personal Spending m/m - medium
- at 3:00pm GMT - Federal Reserve Bank of Minneapolis President Narayana Kocherlakota - medium
On the forex calendar for today:
- at 12:30pm GMT - US Core PCE Price Index m/m - medium
- at 12:30pm GMT - US Personal Spending m/m - medium
- at 3:00pm GMT - Federal Reserve Bank of Minneapolis President Narayana Kocherlakota - medium
Posted by
Dobrin Stoimenov
Labels:
Technical Analysis
Friday, 24 June 2011
EUR/USD technical analysis today 24.06.2011:
Current price 1.4200. Based on the 4 hour chart the currency pair will remain in downtrend movement towards 1.4170 area. Only a clear break above 1.4250 may push back the price towards 1.4280. The EU Economic Summit will be taking place during the day today.
On the forex calendar for today:
- at 8:00am GMT - German Ifo Business Climate - high
- at 12:30pm GMT - US Core Durable Goods Orders m/m - high
- at 12:30pm GMT - US Final GDP q/q - medium
On the forex calendar for today:
- at 8:00am GMT - German Ifo Business Climate - high
- at 12:30pm GMT - US Core Durable Goods Orders m/m - high
- at 12:30pm GMT - US Final GDP q/q - medium
Posted by
Dobrin Stoimenov
Labels:
Technical Analysis
Thursday, 23 June 2011
EUR/USD technical analysis today 23.06.2011:
The currency pair remains in downtrend movement at this hour. Current price 1.4267. Next target will be 1.4240. A clear drop below this level could trigger the price down towards 1.4200 area. Only a clear break through 1.4320 may take the price up towards 1.4350.
- at 12:30pm GMT - US Unemployment Claims - high
- at 2:00pm GMT - US New Home Sales - high
On the forex calendar for today:
- at 8:00am GMT - EU Flash Manufacturing PMI and Flash Services PMI - medium - at 12:30pm GMT - US Unemployment Claims - high
- at 2:00pm GMT - US New Home Sales - high
Posted by
Dobrin Stoimenov
Labels:
Technical Analysis
Wednesday, 22 June 2011
EUR/USD technical analysis today 22.06.2011:
Current price around 1.4410. The currency pair remains in neutral movement at this hour. A clear break above 1.4450 area will trigger the price towards 1.4460-1.4470. On the other scenario if there is a clear break through 1.4370 we may expect further decline towards 1.4350 area.
On the forex calendar for today:
- at 9:00am GMT - EU Industrial New Orders m/m - medium
- at 2:30pm GMT - US Crude Oil Inventories - medium
- at 4:30pm GMT - US FOMC Statement and Federal Funds Rate - high
- at 6:15pm GMT - US FOMC Press Conference - high
On the forex calendar for today:
- at 9:00am GMT - EU Industrial New Orders m/m - medium
- at 2:30pm GMT - US Crude Oil Inventories - medium
- at 4:30pm GMT - US FOMC Statement and Federal Funds Rate - high
- at 6:15pm GMT - US FOMC Press Conference - high
Posted by
Dobrin Stoimenov
Labels:
Technical Analysis
Tuesday, 21 June 2011
EUR/USD technical analysis today 21.06.2011:
The currency pair remains in uptrend movement at this hour. Current price 1.4366. Next target seems to be around 1.4380 area. A clear break above this level may trigger the pair above 1.4400 towards 1.4420. Papandreou Faces Confidence vote which may be taken as a positive move towards the resolution of the Greece's economic crisis.
- at 9am GMT - ZEW Economic Sentiment - medium
- at 2pm GMT - US Existing Home Sales - high
On the forex market for today:
- at 9am GMT - German ZEW Economic Sentiment - high - at 9am GMT - ZEW Economic Sentiment - medium
- at 2pm GMT - US Existing Home Sales - high
Posted by
Dobrin Stoimenov
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Technical Analysis
Monday, 20 June 2011
EUR/USD technical analysis today 20.06.2011:
Current price 1.4215. If there is a clear break below 1.4190 we may expect further decline towards 1.4150 area in the next hours. On the other hand if the price is trading above 1.4250 next target may be close to 1.4270-1.4280. The currency pair remains in downtrend movement at this hour.
- all day - The Economic and Financial Affairs Council meeting - medium
On the forex calendar for today:
- at 8:00am GMT - ЕU Current Account (Difference in value between imported and exported goods) - medium - all day - The Economic and Financial Affairs Council meeting - medium
Posted by
Dobrin Stoimenov
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Technical Analysis
Friday, 17 June 2011
EUR/USD technical analysis today 17.06.2011:
Current price 1.4150. The currency pair remains in neutral movement at this hour. Possible downtrend towards 1.4100 area may be seen later on today. Only a clear break above 1.4190-1.4200 may trigger the price back to 1.4220-1.4240.
On the forex calendar for today:
- at 1:55pm GMT - Prelim UoM Consumer Sentiment - strong
Posted by
Dobrin Stoimenov
Labels:
Technical Analysis
Wednesday, 15 June 2011
EUR/USD technical analysis today 15.06.2011:
The currency pair remains in downtrend movement at this hour. Current price 1.4370. Possible next targets 1.4350-1.4340. A clear drop below these levels may trigger the price towards 1.4300 area. On the other hand a rise above 1.4380 may further increase the price towards 1.4400.
On the forex calendar for today:
- at 9am GMT - EU Industrial Production m/m - medium
- at 12:30pm GMT - US Core CPI m/m - High
- at 1:00pm GMT - US Treasury International Capital report - High
On the forex calendar for today:
- at 9am GMT - EU Industrial Production m/m - medium
- at 12:30pm GMT - US Core CPI m/m - High
- at 1:00pm GMT - US Treasury International Capital report - High
- at 1:15pm GMT - US Industrial Production m/m - High
- at 2:20pm GMT - US Crude Oil Inventories report - medium
Posted by
Dobrin Stoimenov
Labels:
Technical Analysis
Tuesday, 14 June 2011
EUR/USD technical analysis today 14.06.2011:
Current price 1.4417. Next target seems to be around 1.4440 area. A clear break above this level could trigger the price towards 1.4460-1.4470. A clear drop and trading below 1.4400 may decline the price towards 1.4380.
On the forex calendar today:
- at 12:30pm GMT - US Core Retail Sales m/m, US Producer Price Index and US Retail Sales m/m reports will be released. All three reports are expected to have a strong impact on the market depending on the results.
- at 2:00pm GMT - US Business Inventories m/m report - medium
Posted by
Dobrin Stoimenov
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Technical Analysis
Monday, 13 June 2011
EUR/USD technical analysis today 13.06.2011:
The currency pair remains in neutral movement in the last a couple of hours. Current price 1.4358. If there is a clear break above 1.4380-1.4390 we may expect further rise towards 1.4420 area. A clear drop below 1.4300 may decline the price towards 1.4280 area.
On the forex calender today:
- 2pm GMT - ECB President Trichet Speaks - medium
On the forex calender today:
- 2pm GMT - ECB President Trichet Speaks - medium
Posted by
Dobrin Stoimenov
Labels:
Technical Analysis
Friday, 10 June 2011
EUR/USD technical analysis today 10.06.2011:
The currency pair remains in downtrend movement. Current price 1.4472. Possible next targets 1.4450-1.4460. Only a clear break above 1.4550 will trigger the price back to 1.4600 area.
On the forex calender for today:
- 6:45am GMT - French Industrial Production m/m - medium
- 6:50am GMT - ECB President Trichet Speaks - medium
- 12:30pm GMT - Import Prices m/m - medium
- 1:00pm GMT - FOMC Member Dudley Speaks - medium
On the forex calender for today:
- 6:45am GMT - French Industrial Production m/m - medium
- 6:50am GMT - ECB President Trichet Speaks - medium
- 12:30pm GMT - Import Prices m/m - medium
- 1:00pm GMT - FOMC Member Dudley Speaks - medium
Posted by
Dobrin Stoimenov
Labels:
Technical Analysis
Thursday, 9 June 2011
EUR/USD technical analysis today 09.06.2011:
The currency pair remains in uptrend movement at this hour. Current price 1.4640. Possible next target around 1.4670-1.4680. Trading above these levels may trigger the price up to 1.4700 and above. On the other hand a clear drop below 1.4615 may move the price towards 1.4600 area.
On the forex calender for today:
- 11:45am GMT - EU Minimum Bid Rate
- 12:00pm GMT - ECB Press Conference, US Trade Balance and Unemployment Claims
On the forex calender for today:
- 11:45am GMT - EU Minimum Bid Rate
- 12:00pm GMT - ECB Press Conference, US Trade Balance and Unemployment Claims
Posted by
Dobrin Stoimenov
Labels:
Technical Analysis
Wednesday, 8 June 2011
EUR/USD technical analysis today 08.06.2011:
The currency pair remains in neutral movement at this hour. Current price 1.4674. Looks like the next target is 1.4700. If there is clear break above this level we may expect next target to be around 1.4740 area. On the other hand if the price drops below 1.4620, further decline towards 1.4580 may be expected.
On the forex calender for today:
- at 10:00am GMT - German Industrial Production m/m - medium impact
- at 2:30pm GMT - US Crude Oil Inventories - medium impact
Posted by
Dobrin Stoimenov
Labels:
Technical Analysis
Tuesday, 7 June 2011
EUR/USD technical analysis today 07.06.2011:
Current price 1.4636. The pair remains in uptrend movement and we may expect next target to be around 1.4700. On the other hand trading below 1.4650 may trigger the price towards 1.4600 area in the next hours.
- German Factory Orders m/m at 10am GMT - medium impact
- Fed Chairman Bernanke Speaks at 7:45pm GMT - strong impact
On the forex calender for today:
- Retail Sales m/m at 9:00am GMT - medium impact- German Factory Orders m/m at 10am GMT - medium impact
- Fed Chairman Bernanke Speaks at 7:45pm GMT - strong impact
Posted by
Dobrin Stoimenov
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Technical Analysis
Monday, 6 June 2011
EUR/USD technical analysis today 06.06.2011:
The currency pair remains in neutral movement in the last hours. Current price 1.4639. We may expect a drop towards 1.4600 at some point today. And on the other hand we may see some uptrend movement towards 1.4660-1.4680 area. Most of the major technical indicators remain in neutral position at this hour.
On the forex calendar for today:
- 7:30 am GMT - Federal Reserve Bank of Philadelphia President Charles Plosser Speaks
- 5:15 pm GMT - US Treasury Secretary Timothy Geithner Speaks
On the forex calendar for today:
- 7:30 am GMT - Federal Reserve Bank of Philadelphia President Charles Plosser Speaks
- 5:15 pm GMT - US Treasury Secretary Timothy Geithner Speaks
Posted by
Dobrin Stoimenov
Labels:
Technical Analysis
Friday, 3 June 2011
EUR/USD technical analysis today 03.06.2011:
Current price 1.4479. Next target is 1.4520. If the price drops below 1.4450 we may expect the decline to continue towards 1.4400 area. On the other hand trading above 1.4520-1.4540 may keep the price towards 1.4580.
Major events on the market today:
- 12:30pm GMT - US Non-Farm Employment Change and Average Hourly Earnings m/m reports
- 2:00pm GMT - US ISM Non-Manufacturing PMI repor
Major events on the market today:
- 12:30pm GMT - US Non-Farm Employment Change and Average Hourly Earnings m/m reports
- 2:00pm GMT - US ISM Non-Manufacturing PMI repor
Posted by
Dobrin Stoimenov
Labels:
Technical Analysis
Thursday, 2 June 2011
EUR/USD technical analysis today 02.06.2011:
Current price 1.4390. The pair remains in uptrend movement. Possible next target is 1.4420-1.4440 area. Trading above these levels may result further rise towards 1.4500 area. On the other hand if the pair breaks through 1.4360 we may expect further decline towards 1.4320.
On the forex calender for today we ECB President Trichet Speech at 9:15am GMT. Then the US Unemployment Claim report will be released at 12:30pm GMT. The US Factory Orders m/m will also be announced at 1:00pm GMT.
On the forex calender for today we ECB President Trichet Speech at 9:15am GMT. Then the US Unemployment Claim report will be released at 12:30pm GMT. The US Factory Orders m/m will also be announced at 1:00pm GMT.
Posted by
Dobrin Stoimenov
Labels:
Technical Analysis
Wednesday, 1 June 2011
EUR/USD technical analysis today 01.06.2011:
The currency pair remains in uptrend movement. In last hour the price dropped down to 1.4390. Current price 1.4422. We can expect next target to be around 1.4450. Trading below this level will trigger the price towards 1.4370.
On the forex calender today at 12:15pm GMT the US ADP Non-Farm Employment Change report will be released. Then at 1:00pm ECB President Trichet Speaks. At 2:00pm the US ISM Manufacturing PMI report will be published. As we see there are some major events for the EUR/USD today and we can expect a rally on price depending on the results.
On the forex calender today at 12:15pm GMT the US ADP Non-Farm Employment Change report will be released. Then at 1:00pm ECB President Trichet Speaks. At 2:00pm the US ISM Manufacturing PMI report will be published. As we see there are some major events for the EUR/USD today and we can expect a rally on price depending on the results.
Posted by
Dobrin Stoimenov
Labels:
Technical Analysis
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