Wednesday, 31 August 2011

EUR/USD technical analysis today 31.08.2011:

The currency pair remains in uptrend movement. at this hour. Current price 1.4448. Next target may be around 1.4460. If the price break above this level then we can expect next target to be 1.4480-1.4500 area. On the other hand if the price breaks below 1.4420 then we can expect further decline towards 1.4400 area.

On the forex calendar for today:
@ 9:00am GMT - EU CPI Flash Estimate y/y - medium
@ 9:00am GMT - EU Unemployment Rate - medium 
@ 12:15pm GMT - US ADP Non-Farm Employment Change - high
@ 1:45pm GMT - Chicago PMI - medium
@ 2:00pm GMT - US Factory Orders m/m - medium
@ 2:30pm GMT - US Crude Oil Inventories - medium 

Tuesday, 30 August 2011

EUR/USD technical analysis today 30.08.2011:

Current price 1.4502. The pair remains in neutral movement at this hour. If the price break below 1.4480 we can then expect further decline towards 1.4450 area. On the other hand, if the price if the pair keeps trading above 1.4500, at some point we can expect an uptrend movement which may take the price up to 1.4540.

On the forex calendar for today:
@ 1:00pm GMT - US S&P/CS Composite-20 HPI y/y - medium
@ 2:00pm GMT - US CB Consumer Confidence - high
@ 4:15pm GMT - US FOMC Member Kocherlakota Speaks - medium
@ 6:00pm GMT - US FOMC Meeting Minutes - high

Monday, 29 August 2011

EUR/USD technical analysis today 29.08.2011:

The currency pair remains in neutral movement at this hour. Current price 1.4485. If the price moves above 1.4500 area then we can expect further rise towards 1.4520. Otherwise, if there is a clear break below 1.4460 area, then next target may be around 1.4430. 

On the forex calendar for today:
@ 12:30pm GMT - US Core PCE Price Index m/m - medium
@ 12:30pm GMT - US Personal Spending m/m - medium
@ 1:00pm GMT - ECB President Trichet Speaks - high
@ 1:00pm GMT - US Pending Home Sales m/m - high

Friday, 26 August 2011

EUR/USD technical analysis today 26.08.2011:

The currency pair remains in uptrend movement at this hour. Current price 1.4410. We can expect next target to be around 1.4450. A clear break above this level may trigger the price towards 1.4470. On the other hand if the price breaks below 1.4380 then next target could be 1.4360.

On the forex calendar for today:
- at 8:00am GMT - EU M3 Money Supply y/y - medium
- at 12:20pm GMT - US Prelim GDP q/q - high
- at 1:55pm GMT - Revised UoM Consumer Sentiment - medium
- at 2:00pm GMT - Fed Chairman Bernanke Speaks - high

Thursday, 25 August 2011

EUR/USD technical analysis today 25.08.2011:

The currency pair remains in downtrend movement based on the one hour chart. Current price 1.4400. If the price breaks above 1.4430 then next target will be 1.4450 are. Otherwise, if there is a clear break below 1.4370 then the next target could 1.4350.

On the forex calendar for today:
- at 6:00am GMT - GfK German Consumer Climate - medium
- at 12:30pm GMT - US Unemployment Claims - high

Wednesday, 24 August 2011

EUR/USD technical analysis today 24.08.2011:

The currency pair remains in neutral movement at this hour. Current price 1.4405. If the price breaks blow 1.4370 then we can expect further decline towards 1.4350 area. On the other hand, if the price break above 1.4430 then next target could be 1.4450.

On the forex calendar for today:
- at 8:00am GMT - German Ifo Business Climate - high
- at 9:00am GMT - Industrial New Orders m/m - medium
- at 12:30pm GMT- Core Durable Goods Orders m/m - high
- at 12:30pm GMT - Durable Goods Orders m/m - medium
- at 1:00pm GMT - Belgium NBB Business Climate - medium
- at 2:30pm GMT - Crude Oil Inventories - medium

Tuesday, 23 August 2011

EUR/USD technical analysis today 23.08.2011:

The pair remains in uptrend movement at this hour. Current price 1.4470. We may expect next target to be around 1.4500. A clear break above this level may trigger the price towards 1.4540 area. On the other hand, if the price breaks below 1.4450 it may continue towards 1.4410 area.

On the forex calendar for today:
- at 9:00am GMT - German ZEW Economic Sentiment - high
- at 9:00am GMT - ZEW Economic Sentiment - medium
- at 2:00pm GMT - US New Home Sales - high

Friday, 19 August 2011

EUR/USD technical analysis today 19.08.2011:

Current price 1.4320. If the price breaks below 1.4290 then next target will be 1.4270-1.4260. On the other hand if the price keeps trading above 1.4320 area and breaks above 1.4340, then we can expect further rise towards 1.4360.

On the forex calendar for today:
- at 6:00am GMT - German PPI m/m - medium

Thursday, 18 August 2011

EUR/USD technical analysis today 18.08.2011:

The currency pair remains in downtrend movement based on the one hour chart. If the price breaks below 1.4380 we can expect further decline towards 1.4350. On the other hand if the price breaks through 1.4420 then next target could be 1.4450 area.

On the forex calendar for today: 
- at 12:30pm GMT - US Core CPI m/m and Unemployment Claims - high
- at 12:30pm GMT - US CPI m/m - medium
- at 2:00pm GMT - US Existing Home Sales and Philly Fed Manufacturing Index - high

Wednesday, 17 August 2011

EUR/USD technical analysis today 17.08.2011:

The currency pair remains in downtrend movement. Current price 1.4340. Possible next target seems to be around 1.4300. If the pair breaks below this level we can expect next target be around 1.4280-1.4260 area. On the other side, if the price breaks above 1.4370 then next target could be 1.4400.

On the forex calendar for today:
- at 8:00am GMT - EU Current Account - medium
- at 9:00am GMT - ЕUCPI y/y and Core CPI y/y - medium 
- at 12:30pm GMT - US PPI m/m - high
- at 12:30pm GMT - US Core PPI m/m - medium  
- at 2:30pm GMT - US Crude Oil Inventories - medium  

Tuesday, 16 August 2011

EUR/USD technical analysis today 16.08.2011:

Current price 1.4397. If the price breaks above 1.4430 we can expect further rise towards 1.4460. On the other hand if there is a movement below 1.4350 we can then expect further decline towards 1.4320 area.

Monday, 15 August 2011

EUR/USD technical analysis today 15.08.2011:

Current price 1.4297. Based on the one hour chart we can expect a downtrend movement towards 1.4250. If the price breaks below this level it may continue then to 1.4200. On the other hand, a clear break above 1.4320 may trigger the price towards 1.4350-1.4370 area.

On the forex calender for today:
- at 12:30pm GMT - Empire State Manufacturing Index - medium
- at 1:00pm GMT - TIC Long-Term Purchases - high

Friday, 12 August 2011

EUR/USD technical analysis today 12.08.2011:

Based on the 4 hour chart the pair remains in downtrend movement. Current price 1.4190. We can expect next target to be around 1.4150. A clear break below this level may trigger the price towards 1.4100 area. On the other hand, if the price breaks above 1.4220 then next target will probably be around 1.4250.

On the forex calendar for today:
- at 5:30am GMT - French Prelim GDP q/q - medium
- at 6:45am GMT - French Prelim Non-Farm Payrolls q/q - medium
- at 9:00am GMT - Industrial Production m/m - medium
- at 12:30pm GMT - US Core Retail Sales m/m and Retail Sales m/m - high
- at 1:55pm GMT - Prelim UoM Consumer Sentiment - high
- at 2:00pm GMT - US Business Inventories m/m - medium

Thursday, 11 August 2011

EUR/USD technical analysis today 11.08.2011:

Current price 1.4212. We can expect next level to be around 1.4240. If the price breaks above this level then next target may be around 1.4260-1.4280 area. On the other hand, if the price breaks below 1.4200 then next target might be 1.4170. At this hour the pair remains in neutral movement.

On the forex market for today:
- at 8:00am GMT - ECB Monthly Bulletin - medium
- at 12:30pm GMT - US Trade Balance - high
- at 12:30pm GMT - US Unemployment Claims - high

Wednesday, 10 August 2011

EUR/USD technical analysis today 10.08.2011:

Current price 1.4379. We can expect next target to be around 1.4400 area. A clear break above this level may trigger the price towards 1.4430. Otherwise, if the price breaks below 1.4350 then next target could be 1.4320.

On the forex calendar for today:
- at 2:30pm - US Crude Oil Inventories - medium
- at 6:00pm GMT - Federal Budget Balance - medium

Tuesday, 9 August 2011

EUR/USD technical analysis today 09.08.2011:

The pair remains in uptrend movement at this hours. Current price 1.4222. We can expect next target to be 1.4250. A clear break above this level may trigger the price towards 1.4300 area. On the other hand if the price breaks below 1.4200 then next target will be 1.4170.

On the forex calendar for today:
- at 12:30pm GMT - US Prelim Nonfarm Productivity q/q - medium
- at 12:30pm GMT - US Prelim Unit Labor Costs q/q - medium 
- at 6:15pm GMT - FOMC Statement - high 
- at 6:15pm GMT - Federal Funds Rate - high

Monday, 8 August 2011

EUR/USD technical analysis today 08.08.2011:

Current price 1.4330. We can expect further rise towards 1.4360. If there is a clear break above this level next target might be 1.4380-1.4400 area. On the other hand if there is a clear break below 1.4300, than next target will probably be around 1.4270.

Friday, 5 August 2011

EUR/USD technical analysis today 05.08.2011:

The currency pair remains in uptrend movement at this hour. Current price 1.4133. We can expect next level to be around 1.4150. However, based on the four hour chart the pair remains in downtrend movement we can also expect further decline towards 1.4080 if the price breaks below 1.4100 area.

On the forex calendar for today:
- at 10:00am GMT - German Industrial Production m/m - medium
- at 12:30pm GMT - US Non-Farm Employment Change - high
- at 12:30pm GMT - US Unemployment Rate - high
- at 12:30pm GMT - US Average Hourly Earnings m/m - medium