Monday, 31 October 2011

EUR/USD technical analysis today 31.10.2011:

The currency pair remains in neutral movement at this hour. Current price 1.4000. If the price breaks above 1.4040 we can expect further rise towards 1.4060 area. A drop below 1.3980 may trigger the price towards 1.3960.

On the forex calendar for today:
@ 10:00am GMT - EUR CPI Flash Estimate y/y - meduim
@ 10:00am GMT - EUR Unemployment Rate - meduim
@ 1:45pm GMT - US Chicago PMI - meduim

Friday, 28 October 2011

EUR/USD technical analysis today 28.10.2011:

The currency pair remains in neutral movement at this hour. Current price 1.4169. We can expect mixed signals during the trading sessions today. Only a clear break above 1.4200 area may trigger the price further up. 

On the forex calendar for today:
@ 12:30pm GMT - US Core PCE Price Index m/m, Employment Cost Index q/q, Personal Spending m/m - medium
@ 1:55pm GMT - US Revised UoM Consumer Sentiment - medium

Thursday, 27 October 2011

EUR/USD technical analysis today 27.10.2011:

The European currency remains in uptrend movement as EU leaders reach crisis deal. Current price 1.4026. We can expect next level to be around 1.4050 and if there is a clear break above this level then next target may be close to 1.4100 later today.

On the forex calendar for today:
@ 12:30pm GMT - Advance GDP q/q - high
@ 12:30pm GMT - US Unemployment Claims - high
@ 12:30pm GMT - US Advance GDP Price Index q/q - medium
@ 2:00pm GMT - US Pending Home Sales m/m - high

Wednesday, 26 October 2011

EUR/USD technical analysis today 26.10.2011:

The currency pair remains in uptrend movement at this hour. Current price 1.3930. If the price breaks above 1.3945 then we can expect next target to be around 1.3960-1.3970. Only a drop below 1.3910 mat decline the price towards 1.3900-1.3880 area. The EU Economic Summit will be taking place today and we can expect more volatility on the market at some point. The Summit will be discussing about support package for Greece and financial stability in the Euro 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
@ 1:00pm GMT - US New Home Sales - high 
@ 1:30pm GMT - US Crude Oil Inventories - medium

Tuesday, 25 October 2011

EUR/USD technical analysis today 25.10.2011:

The currency pair remains in neutral movement at this hour. Current price 1.3920. A break above 1.3940 may trigger the price towards 1.3960 area. On the other hand if the price drops below 1.3900 then next target might be around 1.3880 area.

On the forex calendar for today:
@ 1:00pm GMT - Belgium NBB Business Climate - medium
@ 1:00pm GMT - S&P/CS Composite-20 HPI y/y - medium
@ 2:00pm GMT - CB Consumer Confidence - high 

Monday, 24 October 2011

EUR/USD technical analysis today 24.10.2011:

Current price 1.3860. The currency pair remains in downtrend movement at this hour. We can expect some neutral movement in the next hour. However, a clear drop below 1.3840 then next target may be around 1.3820. On the other hand if the price breaks above 1.3880 then next target could be 1.3900 area.

Friday, 21 October 2011

EUR/USD technical analysis today 21.10.2011:

Current price 1.3840. The pair remains in uptrend movement. A clear break above 1.3850 may indicate for further rise towards 1.3870 area. The European currency against the US dollar today on hopes for debt crisis solution. If the price breaks above 1.3900 then we can expect next level to be around 1.3920.

Thursday, 20 October 2011

EUR/USD technical analysis today 20.10.2011:

The currency pair remains in uptrend movement at this hour. Current price 1.3773. We can expect next target to be around 1.3790. A clear break above this level may trigger the price towards 1.3820 area.

On the forex calendar for today:
@ 12:30pm GMT - US Unemployment Claims - high
@ 3:00pm GMT - US Existing Home Sales - high
@ 3:00pm GMT - US Philly Fed Manufacturing Index - high

Tuesday, 18 October 2011

EUR/USD technical analysis today 18.10.2011:

The currency pair remains in downtrend movement at this hour. Current price 1.3705. We can expect further decline towards 1.3680 area. A drop below this level may trigger the price towards 1.3650. Only a rise over 1.3740 may move the price back to 1.3760-1.3780.

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 PPI m/m - high
@ 12:30pm GMT - US Core PPI m/m - medium 
@ 1:00pm GMT - US TIC Long-Term Purchases - high

Monday, 17 October 2011

EUR/USD technical analysis today 17.10.2011:

Current price 1.3883. The pair remains in uptrend movement at this hour. A clear break above 1.3900 will probably trigger the price towards 1.3950 area at some point later on today. Only a clear drop below 1.3850 may decline the price down to 1.3830 area.

On the forex calendar for today:
@ 12:30pm GMT - US Empire State Manufacturing Index - medium
@ 1:15pm GMT - US Capacity Utilization Rate - medium
@ 1:15pm GMT - US Industrial Production m/m - medium

Friday, 14 October 2011

EUR/USD technical analysis today 14.10.2011:

The currency pair remains in downtrend movement at this hour. We can expect next target to be around 1.3750. A clear break below this level may trigger the price towards 1.3730 area.

On the forex calendar for today:
@ 9:00am GMT - EU CPI y/y and Core CPI y/y - medium
@ 12:30pm GMT - Core Retail Sales m/m, Retail Sales m/m - high
@ 1:55pm GMT - Prelim UoM Consumer Sentiment - high
@ 2:00pm GMT - US Business Inventories m/m - medium
@ 6:00pm GMT- Federal Budget Balance - medium

Thursday, 13 October 2011

EUR/USD technical analysis today 13.10.2011:

The currency pair remains in downtrend movement at this hour. Current price 1.3788. A clear drop below 1.3760 may trigger the price towards 1.3740 area. Trading above 1.3800 area may take the price towards 1.3820.

On the forex calendar for today:
@ 8:00am GMT - ECB Monthly Bulletin - medium
@ 12:30pm GMT - US Trade Balance and Unemployment Claims - high
@ 3:00pm GMT - US Crude Oil Inventories - medium
@ 6:00pm GMT - Federal Budget Balance - medium

Wednesday, 12 October 2011

EUR/USD technical analysis today 12.10.2011:

The currency pair remains in neutral movement at this hour. Current price 1.3640. If the price breaks above 1.3660 then next target may be around 1.3700 area. A drop below 1.3600 may push back the price towards 1.3580.

On the forex calendar for today:
@ 9:00am GMT - Industrial Production m/m - high
@ 6;00pm GMT - FOMC Meeting Minutes - high
@ 6:30pm GMT - ECB President Trichet Speaks - medium

Tuesday, 11 October 2011

EUR/USD technical analysis today 11.10.2011:

Current price 1.3575. We can expect further decline towards 1.3550. A clear break below this level may trigger the price towards 1.3530 area. Only a clear break above 1.3600 area may keep the pair in uptrend movement.

Wednesday, 5 October 2011

EUR/USD technical analysis today 05.10.2011:

The currency pair remains in neutral movement at this hour. Current price 1.3305. If the price breaks above 1.3340 then we can expect further rise towards 1.3360 area. A clear drop below 1.3290 may trigger the price towards 1.3270.

On the forex calendar for today:
@ 9:00am GMT - EU Retail Sales m/m - medium
@ 12:15pm GMT - ADP Non-Farm Employment Change - high
@ 2:00pm GMT - ISM Non-Manufacturing PMI - high
@ 2:30pm GMT - Crude Oil Inventories - medium

Tuesday, 4 October 2011

EUR/USD technical analysis today 04.10.2011:

The currency pair remains in downtrend movement. Current price 1.3191. If the price breaks below 1.3170 then we can expect further decline towards 1.3150. Only a clear break above 1.3220 may take the price towards 1.3240 area.

On the forex calendar today:
@ 1:00pm GMT - ECB President Trichet Speaks - high
@ 1:00pm GMT - FOMC Member Raskin Speaks - medium
@ 2:00pm GMT - Fed Chairman Bernanke Testifies - high
@ 2:00pm GMT - US Factory Orders m/m - medium

Monday, 3 October 2011

EUR/USD technical analysis today 03.10.2011:

The currency pair remains in uptrend movement at this hour. Current price 1.3364. If the price breaks above 1.3380 then we can expect further rise towards 1.3400 area. On the other hand, if the price keeps trading below 1.3350 then a neutral movement could be seen in the next a few hours.

On the forex calendar for today:
@ 2:00pm GMT - US ISM Manufacturing PMI - high