Friday, 30 September 2011

EUR/USD technical analysis today 30.09.2011:

The currency pair remains in downtrend movement at this hour. Current price 1.3498. Next target seems to be around 1.3470 area. Only a clear break above 1.3500 area may trigger the price towards 1.3530-1.3550. 

On the forex calendar for today:
@ 9:00am GMT - ЕU CPI Flash Estimate y/y and EU Unemployment Rate - medium
@ 12:30pm GMT - US Core PCE Price Index m/m and US Personal Spending m/m - medium
@ 1:45pm GMT - Chicago PMI - medium
@  1:55pm GMT - US Revised UoM Consumer Sentiment - medium

Thursday, 29 September 2011

EUR/USD technical analysis today 29.09.2011:

The currency pair remains in uptrend movement at this hour. If the pair keeps trading above 1.3620 then we can expect further rise towards 1.3640-1.3650 area. Only a clear break below 1.3590 area may trigger the price back to 1.3570-1.3550 area.

On the forex calendar for today:
@ 7:55am GMT - German Unemployment Change - medium
@ 12:30pm GMT - Unemployment Claims - high
@ 12:30pm GMT - US Final GDP q/q - medium
@ 2:00pm GMT - US Pending Home Sales m/m - high

Wednesday, 28 September 2011

EUR/USD technical analysis today 28.09.2011:

The currency pair remains in neutral movement at this hour. Current price 1.3595. If the price breaks above 1.3620 then we can expect further rise towards 1.3650 area. A clear drop below 1.3570 may trigger the price back to 1.3550 area.

On the forex calendar for today:
@ 12:30pm GMT - US Core Durable Goods Orders m/m - high
@ 12:30pm GMT - US Durable Goods Orders m/m - medium
@ 2:30pm GMT - US Crude Oil Inventories - medium

Tuesday, 27 September 2011

EUR/USD technical analysis today 27.09.2011:

The pair remains in uptrend movement at this hour. Current price 1.3622. If the price keeps trading above 1.3600 we can expect another rise towards 1.3650 area in the next hours. On the other hand if the price drops below 1.3600 then next target may be around 1.3580 area. The CB Consumer Confidence report was below the expected level which could also affect the US dollar in a negative direction on the market .

Monday, 26 September 2011

EUR/USD technical analysis today 26.09.2011:

The currency pair remains in downtrend movement at this hour. Current price 1.3375. We can expect next target to be around 1.3350. Otherwise, if the price breaks above 1.3400 area, then next target may be around 1.3430.

On the forex calendar for today:
@ 8:00am GMT - German Ifo Business Climate - high
@ 1:15pm GMT - FOMC Member Raskin Speaks - medium
@ 2:00pm GMT - US New Home Sales - high

Friday, 23 September 2011

EUR/USD technical analysis today 23.09.2011:

The currency pair remains in uptrend movement at this hour. We can expect next target to be around 1.3550. A clear break above this level may trigger the price even higher. On the other hand if the price breaks below 1.3510 area, then next target may be towards 1.3480.

On the forex calendar for today:
@ 1:00pm GMT - Belgium NBB Business Climate - medium
@ 8:30pm GMT - ECB President Trichet Speaks - medium
* G20 meeting is again taking place today.

Thursday, 22 September 2011

EUR/USD technical analysis today 22.09.2011:

The currency pair remains in downtrend movement at this hour. Current price 1.3540. We can expect further decline towards 1.3500 area. Otherwise, if the price breaks above 1.3580 then we can expect further rise towards 1.3600.

On the forex calendar for today:
@ 8:00am GMT - EU Flash Manufacturing PMI and Flash Services PMI - medium
@ 9:00am GMT - EU Industrial New Orders m/m - medium
@ 12:30pm GMT - US Unemployment Claims - high
* G20 meeting is also taking place today.

Wednesday, 21 September 2011

EUR/USD technical analysis today 21.09.2011:

Current price 1.3710. The pair remains in uptrend movement at this hour. A clear break above 1.3740 then we can expect further rise towards 1.3780. On the other hand if the price drops below 1.3680 then neutral movement may be expected.

Tuesday, 20 September 2011

EUR/USD technical analysis today 20.09.2011:

The remains in neutral movement at this hour. In the last two hours the Euro rose up against the US dollar with about 40 pips towards 1.3670 area. If the price breaks above 1.3690 we can expect further rise towards 1.3700 and above. On the other hand if the price drops below 1.3640 then another downtrend movement towards 1.3600 may be expected.

On the forex calendar for today:
@ 9:00am GMT - German ZEW Economic Sentiment - high
@ 9:00am GMT - ZEW Economic Sentiment - medium
@ 12:30pm GMT - US Building Permits - high
@ 12:30pm GMT - US Housing Starts - medium

Monday, 19 September 2011

EUR/USD technical analysis today 19.09.2011:

Current price price 1.3680. The pair remains in neutral movement at this hour. If the price breaks above 1.3700 area then we can expect further rise towards 1.3730. On the other hand if the price drops below 1.3650 then further decline towards 1.3620 area may be expected. No major major economic events for EUR/USD today.

Friday, 16 September 2011

EUR/USD technical analysis today 16.09.2011:

Current price 1.3837. The pair remains in downtrend movement. Next target may be around 1.3800 area. A clear break below this level could trigger the pair towards 1.3780 area. On the other hand if the price breaks above 1.3860 then next target may be 1.3880-1.3900.

On the forex calendar for today:
@ 8:00am GMT - EU Current Account - medium
@ 1:00pm GMT - US TIC Long-Term Purchases - high
@ 1:55pm GMT - US Prelim UoM Consumer Sentiment - high 
 - The Economic and Financial Affairs Council meeting

Thursday, 15 September 2011

EUR/USD technical analysis today 15.09.2011:

The currency pair remains in neutral movement at this hour. If the price breaks above 1.3750 next target may be 1.3780. A clear drop below 1.3700 could trigger the price towards 1.3680.

On the forex calendar for today:
@ 8:00am GMT - ECB Monthly Bulletin - medium
@ 9:00am GMT - EU CPI y/y and Core CPI y/y - medium  
@ 12:30pm GMT - US Core CPI m/m and Unemployment Claims - high
@ 12:30pm GMT - US CPI m/m, Current Account and Empire State Manufacturing Index - medium 
@ 12:45pm GMT - Fed Chairman Bernanke Speaks - medium
@ 2:00pm GMT - Philly Fed Manufacturing Index - high 
@ 6:00pm GMT - ECB President Trichet Speaks - high

Wednesday, 14 September 2011

EUR/USD technical analysis today 14.09.2011:

The currency pair remains in downtrend movement based on the one hour chart. Current price 1.3630. We ca expect further decline towards 1.3600 area and then to continue down to 1.3580.

On the forex calendar for today: 
@ 9:00am GMT - EU Industrial Production m/m - medium
@ 12:30pm GMT - US Core Retail Sales m/m, PPI m/m and Retail Sales m/m - high
@ 12:30pm GMT - US Core PPI m/m and Treasury Sec Geithner Speaks - medium
@ 2:00pm GMT - US Business Inventories m/m - medium 
@ 2:30pm GMT - US Crude Oil Inventories - medium

Tuesday, 13 September 2011

EUR/USD technical analysis today 13.09.2011:

Current price 1.3670. A clear break above 1.3700 area may trigger the price towards 1.3720-1.3740. On the other hand if there is a clear drop below 1.3650 then further decline towards 1.3620 may be expected.

On the forex calendar for today:
@ 12:30pm GMT - US Import Prices m/m - medium
@ 6:00pm GMT - US Federal Budget Balance - medium

Monday, 12 September 2011

EUR/USD technical analysis today 12.09.2011:

Current price 1.3635. The pair remains in neutral movement at this hour. A clear break above 1.3670 mat trigger the price above 1.3700 are. On the other hand, if the price drops below 1.3600 we can then expect further decline towards 1.3580.

Friday, 9 September 2011

EUR/USD technical analysis today 09.09.2011:

The currency pair remains in neutral movement at this hour. Current price 1.3813. We may expect a decline towards 1.3790 area. A clear break below this level may trigger the price towards 1.3760. On the other hand if the price breaks above 1.3840 then we can expect a rise towards 1.3860 and above. G7 Meetings are taking place today which may affect the currency pair in either direction in the next hours.

Thursday, 8 September 2011

EUR/USD technical analysis today 08.09.2011:

Current price1.3882. We can expect further decline towards 1.3850 area. If the price breaks below this level then next target may be around 1.3820 area. On the other hand, if the price breaks above 1.3900 then we can expect a rise towards 1.3940.

Wednesday, 7 September 2011

EUR/USD technical analysis today 07.09.2011:

The currency pair remains in neutral movement at this hour. Current price 1.4063. If the price breaks above 1.4090 then next target may be 1.4100 and above. On the other hand if the price drops below 1.4040 then we can expect further decline towards 1.4000 area.

On the forex calendar for today:
@ 8:00am GMT - German Court Bailout Ruling - high
@ 10:00am GMT - German Industrial Production m/m - medium
@ 3:15pm GMT - FOMC Member Evans Speaks - medium
@ 6:00pm GMT - US Beige Book - medium

Tuesday, 6 September 2011

EUR/USD technical analysis today 06.09.2011:

Current price 1.4056. The pair still remains in downtrend movement. We can expect next target to be around 1.4020 and if there is a clear break below this level, then next target may be 1.4000. On the other hand, if the pair breaks above 1.4080 then next target may be above 1.4100 area.

On the forex calendar for today:
@ 10:00am GMT - German Factory Orders m/m - medium
@ 2:00pm GMT - ISM Non-Manufacturing PMI - high

Monday, 5 September 2011

EUR/USD technical analysis today 05.09.2011:

Current price 1.4131. The currency pair remains in downtrend movement at this hour. We can expect further decline towards 1.4100 area. A clear break below this level will trigger the price towards 1.4080 area. On the other hand of the price breaks above 1.4150 then we can expect next target to be 1.4170-1.4180.

On the forex calendar for today: 
@ 9:00am GMT - EU Retail Sales m/m - medium

Friday, 2 September 2011

EUR/USD technical analysis today 02.09.2011:

Current price 1.4258. The pair remains in downtrend movement. If the pair breaks below 1.4240 area, then we can expect further decline towards 1.4200 area. On the other hand, if the price breaks above 1.4270, then next target may be around 1.4300 area.

On the forex calendar for today:
@ 12:30pm GMT - US Non-Farm Employment Change - high
@ 12:30pm GMT - US Unemployment Rate - high 
@ 12:30pm GMT - US Average Hourly Earnings m/m - medium

Thursday, 1 September 2011

EUR/USD technical analysis today 01.09.2011:

The currency pair remains in downtrend movement based on the 4-hour chart. Current price 1.4367 and we can expect next level to be around 1.4330 if the price breaks below 1.4350. Only a clear break above 1.4400 area could trigger the price back to 1.4420-1.4430.

On the forex calendar for today:
@ 12:30pm GMT - US Unemployment Claims - high
@ 12:30pm GMT - US Revised Nonfarm Productivity q/q - medium
@ 2:00pm GMT - US ISM Manufacturing PMI - high