The currency pair remains in neutral movement in the last a few hours. Most of the major technical indicators bring mixed signals. However, there are a lot of reports that will be released for EU and US today. We can expect some volatility on the market. If there is a clear drop below 1.3300 then next target may be around 1.3270. On the other hand if the price breaks above 1.3350 area then we can expect further rise towards 1.3370 .
Wednesday, 30 November 2011
Tuesday, 29 November 2011
EUR/USD technical analysis today 29.11.2011:
The currency pair remains in uptrend movement at this hour. Current price 1.3346. We can expect further rise towards 1.3360 and then next target 1.3380. On the other scenario, if the price drops below 1.3320 then we may expect next target to be around 1.3300 area.
@ 2:00pm GMT - US S&P/CS Composite-20 HPI y/y - medium
@ 3:00pm GMT - US CB Consumer Confidence - high
@ 4:30pm GMT - US FOMC Member Yellen Speaks - medium
@ 5:15pm GMT - US FOMC Member Raskin Speaks - medium
@ 2:00pm GMT - US S&P/CS Composite-20 HPI y/y - medium
@ 3:00pm GMT - US CB Consumer Confidence - high
@ 4:30pm GMT - US FOMC Member Yellen Speaks - medium
@ 5:15pm GMT - US FOMC Member Raskin Speaks - medium
Posted by
Dobrin Stoimenov
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Technical Analysis
Monday, 28 November 2011
EUR/USD technical analysis today 28.11.2011:
The currency pair remains in neutral movement at this hour. Current price 1.3280. If the price drops below 1.3255 then next target may be around 1.3220 area. On the other hand if the price break above 1.3300 area then we can expect next target to be around 1.3220-1.3230.
- German Prelim CPI m/m reports will be released throughout the day - medium
@ 9:00am GMT - EU M3 Money Supply y/y - medium
@ 12:00pm GMT - GfK German Consumer Climate - medium
@ 3:00pm GMT - New Home Sales - medium
- German Prelim CPI m/m reports will be released throughout the day - medium
@ 9:00am GMT - EU M3 Money Supply y/y - medium
@ 12:00pm GMT - GfK German Consumer Climate - medium
@ 3:00pm GMT - New Home Sales - medium
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Dobrin Stoimenov
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Technical Analysis
Thursday, 24 November 2011
EUR/USD technical analysis today 24.11.2010:
The pair remains in neutral movement at this hour. Current price 1.3370. If the price breaks above 1.3790 then we can expect next target to be around 1.3820. On the other hand if the price drops below 1.3350 then next target could be around 1.3320.
@ 9:00am GMT - EU German Ifo Business Climate - high
@ 9:00am GMT - EU German Ifo Business Climate - high
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Dobrin Stoimenov
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Technical Analysis
Wednesday, 23 November 2011
EUR/USD technical analysis today 23.11.2001:
The currency pair remains in downtrend movement. The US dollar gained against the European currency during the Asian trade session. Current price 1.3472. If the price breaks above 1.3490 we can expect further rise towards 1.3520 area. On the other hand trading below 1.3480 will probably move the price towards 1.3440-1.3420 area in the next hours. There is a lot of economic data to be released today for US and EU and we can expect some volatility on the market.
@ 8:00am GMT - French Flash Manufacturing PMI and French Flash Services PMI - medium
@ 8:30am GMT - German Flash Manufacturing PMI and German Flash Services PMI - medium
@ 9:00am GMT - EU Flash Manufacturing PMI and Flash Services PMI - medium
@ 10:00am GMT - EU Industrial New Orders m/m - medium
@ 1:30pm GMT - US Core Durable Goods Orders m/m and Unemployment Claims - high
@ 1:30pm GMT - US Core PCE Price Index m/m, Durable Goods Orders m/m and Personal Spending m/m - medium
@ 8:00am GMT - French Flash Manufacturing PMI and French Flash Services PMI - medium
@ 8:30am GMT - German Flash Manufacturing PMI and German Flash Services PMI - medium
@ 9:00am GMT - EU Flash Manufacturing PMI and Flash Services PMI - medium
@ 10:00am GMT - EU Industrial New Orders m/m - medium
@ 1:30pm GMT - US Core Durable Goods Orders m/m and Unemployment Claims - high
@ 1:30pm GMT - US Core PCE Price Index m/m, Durable Goods Orders m/m and Personal Spending m/m - medium
Posted by
Dobrin Stoimenov
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Technical Analysis
Tuesday, 22 November 2011
EUR/USD technical analysis today 22.11.2011:
The currency pair remains in downtrend movement at this hour. Current price 1.3478. We can expect next target to be around 1.3450. If the price goes through 1.3490 area, then we may expect further increase towards 1.3520 area.
@ 1:30pm GMT - US Prelim GDP q/q - high
@ 6:30pm GMT - US FOMC Member Kocherlakota Speaks - medium
@ 7:00pm GMT - US FOMC Meeting Minutes - high
@ 1:30pm GMT - US Prelim GDP q/q - high
@ 6:30pm GMT - US FOMC Member Kocherlakota Speaks - medium
@ 7:00pm GMT - US FOMC Meeting Minutes - high
Posted by
Dobrin Stoimenov
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Technical Analysis
Monday, 21 November 2011
EUR/USD technical analysis today 21.11.2011:
Current price 1.3530. The currency pair remains in neutral movement at this hour. We may expect some uptrend movement towards 1.3560 if the price breaks through 1.3540 area. On the other hand trading below 1.3510 may decline the price towards 1.3490.
@ 9:00am GMT - EU Current Account - medium
@ 3:00pm GMT - US Existing Home Sales - high
@ 9:00am GMT - EU Current Account - medium
@ 3:00pm GMT - US Existing Home Sales - high
Posted by
Dobrin Stoimenov
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Technical Analysis
Friday, 18 November 2011
EUR/USD technical analysis today 18.11.2011:
The currency pair remains in uptrend movement in the last and current hour. The price at this moment is 1.3523 which level is above the located resistance at 1.3515 and we can expect further rise towards 1.3550. A clear break above this level may trigger the price towards 1.3570 area. The German PPI m/m was positive and that's why the European currency is gaining against the US dollar on the martket.
On the forex calendar for today:
@ 8:00am GMT - ECB President Draghi Speaks - medium
@ 6:15pm GMT - FOMC Member Fisher Speaks - medium
On the forex calendar for today:
@ 8:00am GMT - ECB President Draghi Speaks - medium
@ 6:15pm GMT - FOMC Member Fisher Speaks - medium
Posted by
Dobrin Stoimenov
Labels:
Technical Analysis
Thursday, 17 November 2011
EUR/USD technical analysis today 17.11.2011:
The currency pair still remains in neutral movement at this hour. Current price 1.3485. If the price rises up towards 1.3500 then next target could be around 1.3530-1.3540 area. A clear break below 1.3450 then we may expect further decline towards 1.3420 area.
On the forex calendar for today:
@ 1:30pm GMT - US Building Permits and Unemployment Claims - high
@ 1:30pm GMT - US Housing Starts - medium
@ 3:00pm GMT - US Philly Fed Manufacturing Index - medium
@ 3:00pm GMT US - Mortgage Delinquencies - medium
On the forex calendar for today:
@ 1:30pm GMT - US Building Permits and Unemployment Claims - high
@ 1:30pm GMT - US Housing Starts - medium
@ 3:00pm GMT - US Philly Fed Manufacturing Index - medium
@ 3:00pm GMT US - Mortgage Delinquencies - medium
Posted by
Dobrin Stoimenov
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Technical Analysis
Wednesday, 16 November 2011
EUR/USD technical analysis today 16.11.2011:
Current price 1.3505. The pair remains in neutral movement at this hour. We can expect some mixed movements in the next hours. Only a clear break above 1.3550 may increase the price towards 1.3570 area.
Posted by
Dobrin Stoimenov
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Technical Analysis
Tuesday, 15 November 2011
EUR/USD technical analuysis today 15.11.2011:
The currency pair remains in downtrend movement at this hour. Current price 1.3570. We can expect further decline towards 1.3550. A break below this level may trigger the price down to 1.3500 area.
On the forex calendar for today:
@ 10:00am GMT - German ZEW Economic Sentiment - high
@ 10:00am GMT - Flash GDP q/q and ZEW Economic Sentiment - medium
@ 1:00pm GMT - FOMC Member Evans Speaks - medium
@ 1:30pm GMT - US Core Retail Sales m/m, PPI m/m and Retail Sales m/m - high
@ 1:30pm GMT - US Core PPI m/m, Empire State Manufacturing Index - medium
@ 3:00pm GMT- Business Inventories m/m - medium
@ 5:30pm GMT - FOMC Member Fisher Speaks - medium
On the forex calendar for today:
@ 10:00am GMT - German ZEW Economic Sentiment - high
@ 10:00am GMT - Flash GDP q/q and ZEW Economic Sentiment - medium
@ 1:00pm GMT - FOMC Member Evans Speaks - medium
@ 1:30pm GMT - US Core Retail Sales m/m, PPI m/m and Retail Sales m/m - high
@ 1:30pm GMT - US Core PPI m/m, Empire State Manufacturing Index - medium
@ 3:00pm GMT- Business Inventories m/m - medium
@ 5:30pm GMT - FOMC Member Fisher Speaks - medium
Posted by
Dobrin Stoimenov
Labels:
Technical Analysis
Monday, 14 November 2011
EUR/USD technical analysis today 14.11.2011:
The currency pair remains in neutral movement at this hour. Current price 1.3770. If there is a clear break above the main resistance located at 1.3790 we can then expect further rise towards 1.3810. On the other hand if the price drops below 1.3740 then next target could be around 1.3700 area.
On the forex calendar for today:
@ 10:00am GMT - EU Industrial Production m/m - medium
On the forex calendar for today:
@ 10:00am GMT - EU Industrial Production m/m - medium
Posted by
Dobrin Stoimenov
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Technical Analysis
Friday, 11 November 2011
EUR/USD technical analysis today 11.11.2011:
The pair remains in neutral movement at this hour. Most technical indicators bring mixed signals as well. Current price 1.3620. A break above 1.3650 may trigger the price towards 1.3680. On the other scenario if the price drops below 1.3600 we may expect a decline towards 1.3580 area.
On the forex calendar for today:
@ 2:55pm GMT- Prelim UoM Consumer Sentiment - high
@ 6:15pm GMT - FOMC Member Yellen Speaks - medium
On the forex calendar for today:
@ 2:55pm GMT- Prelim UoM Consumer Sentiment - high
@ 6:15pm GMT - FOMC Member Yellen Speaks - medium
Posted by
Dobrin Stoimenov
Labels:
Technical Analysis
Thursday, 10 November 2011
EUR/USD technical analysis today 10.11.2011:
The currency pair remains in neutral movement at this hour. Current price 1.3600. If the price breaks below 1.3570 then we can expect further decline towards 1.3550. On the other hand if the price rises up to 1.3630 then next target may be around 1.3650-1.3660 area.
Major events on the forex calendar for today:
@ 1:30pm GMT - US Trade Balance and Unemployment Claims - high
@ 1:30pm GMT - US Import Prices m/m - medium
@ 3:40pm GMT - FOMC Member Evans Speaks - medium
@ 4:45pm GMT - Fed Chairman Bernanke Speaks - medium
@ 6:15pm GMT - FOMC Member Yellen Speaks - medium
@ 7:00pm GMT - Federal Budget Balance - medium
Major events on the forex calendar for today:
@ 1:30pm GMT - US Trade Balance and Unemployment Claims - high
@ 1:30pm GMT - US Import Prices m/m - medium
@ 3:40pm GMT - FOMC Member Evans Speaks - medium
@ 4:45pm GMT - Fed Chairman Bernanke Speaks - medium
@ 6:15pm GMT - FOMC Member Yellen Speaks - medium
@ 7:00pm GMT - Federal Budget Balance - medium
Posted by
Dobrin Stoimenov
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Technical Analysis
Wednesday, 9 November 2011
EUR/USD technical analysis today 09.11.2011:
The currency pair dropped down to 1.3550 during the US session today. Current price 1.3590 and we can expect some uptrend movement towards 1.3620 area in the next hours. A clear break above this level may return the price towards 1.3650. If the price drops below 1.3550 within next hours then we can expect further decline towards 1.3500 area.
Posted by
Dobrin Stoimenov
Labels:
Technical Analysis
Tuesday, 8 November 2011
EUR/USD technical analysis today 08.11.2011:
The currency pair remains in downtrend movement at this hour. Current price 1.3751. We can expect next target to be around 1.3730. If the price breaks below this level then next target may be around 1.3700 area. On the other hand if the price breaks above 1.3780 then next target may be around 1.3800 area.
On the forex calendar for today:
ECOFIN Meetings - All Day
@ 6:00pm GMT - FOMC Member Kocherlakota Speaks - medium
@ 6:30pm GMT - FOMC Member Plosser Speaks - medium
On the forex calendar for today:
ECOFIN Meetings - All Day
@ 6:00pm GMT - FOMC Member Kocherlakota Speaks - medium
@ 6:30pm GMT - FOMC Member Plosser Speaks - medium
Posted by
Dobrin Stoimenov
Labels:
Technical Analysis
Monday, 7 November 2011
EUR/USD technical analysis today 07.11.2011:
The pair remains in neutral movement at this hour. Current price 1.3772. If the price breaks above resistance level 1.3795 we can expect further increase towards 1.3820 area. On the other hand, if there is a drop below 1.3750 then next target may be around 1.3720.
On the forex calendar for today:
@ 9:30am GMT - EU Sentix Investor Confidence - medium
@ 10:00am GMT - EU Retail Sales m/m - medium
@ 11:00am GMT - German Industrial Production m/m - medium
On the forex calendar for today:
@ 9:30am GMT - EU Sentix Investor Confidence - medium
@ 10:00am GMT - EU Retail Sales m/m - medium
@ 11:00am GMT - German Industrial Production m/m - medium
Posted by
Dobrin Stoimenov
Labels:
Technical Analysis
Friday, 4 November 2011
EUR/USD technical analysis today 04.11.2011:
The pair remains in downtrend movement at this hour. Current price 1.3794. We can expect further decline towards 1.3770. If the there is a clear break below this level then next target may be around 1.3750.
On the forex calendar for today:
@ 11:00am GMT - German Factory Orders m/m - medium
@ 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
On the forex calendar for today:
@ 11:00am GMT - German Factory Orders m/m - medium
@ 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
Posted by
Dobrin Stoimenov
Labels:
Technical Analysis
Thursday, 3 November 2011
EUR/USD technical analysis today 03.11.2011:
Current price 1.3670. The pair remains in downtrend movement. Further decline towards 1.3640 area may be seen in the next hours. Only a break above 1.3690 may trigger the price towards 1.3700 and above. G20 Meetings will be taking place throughout the day and it will affect the European currency depending on resolution for the economic situation in Greece.
On the forex calendar for today:
@ 12:30pm GMT - US Unemployment Claims - high
@ 12:30pm GMT - US Prelim Nonfarm Productivity q/q and Prelim Unit Labor Costs q/q - medium
@ 12:45pm GMT - US Minimum Bid Rate - high
@ 13:30pm GMT - ECB Press Conference - high
@ 2:00pm GMT - US ISM Non-Manufacturing PMI - high
@ 2:00pm GMT - US Factory Orders m/m - medium
On the forex calendar for today:
@ 12:30pm GMT - US Unemployment Claims - high
@ 12:30pm GMT - US Prelim Nonfarm Productivity q/q and Prelim Unit Labor Costs q/q - medium
@ 12:45pm GMT - US Minimum Bid Rate - high
@ 13:30pm GMT - ECB Press Conference - high
@ 2:00pm GMT - US ISM Non-Manufacturing PMI - high
@ 2:00pm GMT - US Factory Orders m/m - medium
Posted by
Dobrin Stoimenov
Labels:
Technical Analysis
Wednesday, 2 November 2011
EUR/USD technical analysis today 02.11.2011:
The currency pair remains in neutral movement at this hour. However, we can expect next target to be around 1.3800 area, if the price keeps trading above current level 1.3775. Only a clear drop below 1.3750 may trigger the price towards 1.3720 area.
On the forex calendar for today:
@ 12:15pm GMT - ADP Non-Farm Employment Change - high
@ 2:30pm GMT - US Crude Oil Inventories - medium
@ 4:30pm GMT - FOMC Statement - high
@ 4:30pm GMT - Federal Funds Rate - medium
On the forex calendar for today:
@ 12:15pm GMT - ADP Non-Farm Employment Change - high
@ 2:30pm GMT - US Crude Oil Inventories - medium
@ 4:30pm GMT - FOMC Statement - high
@ 4:30pm GMT - Federal Funds Rate - medium
Posted by
Dobrin Stoimenov
Labels:
Technical Analysis
Tuesday, 1 November 2011
EUR/USD technical analysis today 01.11.2011:
The currency pair remains in downtrend movement in this hour. Current price 1.3748. Further decline towards 1.3730-1.3720 may be expected within the next hour. Only a break above 1.3790 may revers the trend towards 1.3800 and above.
On the forex calendar for today:
@ 2:00pm GMT - US ISM Manufacturing PMI - high
On the forex calendar for today:
@ 2:00pm GMT - US ISM Manufacturing PMI - high
Posted by
Dobrin Stoimenov
Labels:
Technical Analysis
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