Wednesday, 29 February 2012

EUR/USD technical analysis today 29.02.2012:

The currency pair remains in neutral movement at the moment. Based on the daily chart we may expect the pair to remain in uptrend movement towards 1.3490-1.3500 if the price does not break below 1.3445 area. If it drops below this level we may expect further decline towards 1.3400.

@ 8:55am GMT - German Unemployment Change - medium
@ 10:00am GMT - EU CPI y/y and Core CPI y/y - medium
@ 10:15am GMT - EU Long Term Refinancing Option (LTRO) - high
@ 1:30pm GMT - US Prelim GDP q/q - high
@ 2:45pm GMT - Chicago PMI - medium
@ 3:00pm GMT - Fed Chairman Bernanke Testifies - high
@ 3:30pm GMT - US Crude Oil Inventories - medium
@ 7:00pm GMT - US Beige Book - medium

Tuesday, 28 February 2012

EUR/USD technical analysis today 28.02.2012:

The currency pair remains in uptrend movement at this hour. Current price 1.3445. A clear break above 1.3460 may trigger the price towards 1.3480-1.3490 area. On the other hand if the price drops below 1.3425 then we can expect further decline towards 1.3400.

@ 1:30pm GMT - US Core Durable Goods Orders m/m - high
@ 1:30pm GMT - US Durable Goods Orders m/m - medium
@ 2:00pm GMT - US S&P/CS Composite-20 HPI y/y - medium
@ 3:00pm GMT - US CB Consumer Confidence - high

Monday, 27 February 2012

EUR/USD technical analysis today 27.02.2012:

Current price 1.3400. The pair remains in downtrend movement at this hour. If the price drops below 1.3390 area we can expect further decline towards 1.3370-1.3360 area. Only a clear break above 1.3420 area may trigger the price towards 1.3450.

@ 3:00pm GMT - US Pending Home Sales m/m - high

Friday, 24 February 2012

EUR/USD technical analysis today 24.02.2012:

The currency pair remains in uptrend movement in the last a few hours. Current price 1.3396. We may expect next target to be around 1.3440 if the price breaks above 1.3405 area. On the other hand if the price drops below 1.3380 then there may not be a clear position to be taken as it is Friday and less activity may be expected on the market.

@ 2:55pm GMT - US Revised UoM Consumer Sentiment - medium
@ 3:00pm GMT - US New Home Sales - high
@ 3:45pm GMT - US FOMC Member Williams Speaks - medium

Wednesday, 22 February 2012

EUR/USD technical analysis today 22.02.2012:

The currency pair remains in uptrend movement at this hour. Current price 1.3250. Only a clear drop below 1.3235 may trigger the price towards 1.3200 area. On the other hand trading above 1.3265 may increase the price towards 1.3290-1.3300.

@ 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
@ 2:00pm GMT - Belgium NBB Business Climate - medium
@ 3:00pm GMT - US Existing Home Sales - high

Tuesday, 21 February 2012

EUR/USD technical analysis today 21.02.2012:

The currency pair remains in uptrend movement at this hour. Current price 1.3280. We may expect further rise if the price breaks above 1.3290 towards 1.3320-1.3340 area. Only a clear drop below 1.3255 may trigger the price towards 1.3220-1.3200. The ECOFIN meetings will take place throughout the day. There are no other major economic events for the currency pair scheduled for today.

Monday, 20 February 2012

EUR/USD technical analysis today 20.02.2012:

Current price 1.3190. The pair remains in neutral movement at this hour. If the price drops below 1.3175 then we can expect further decline towards 1.3150 area. On the other hand if the price breaks above 1.3205 then next target may be around 1.3240. There are no major economic events for the currency pair scheduled for today.

Friday, 17 February 2012

EUR/USD technical analysis today 17.02.2012:

The currency pair remains in uptrend movement. Current price 1.3143. A clear break below 1.3120 will probably trigger the price towards 1.3100-1.3090 area. On the other hand if the price breaks above 1.3155 then next target may be around 1.3170 area.

@ 9:00am GMT - EU Current Account - medium
@ 1:30pm GMT - US Core CPI m/m - high
@ 1:30pm GMT - US CPI m/m - medium

Thursday, 16 February 2012

EUR/USD technical analysis today 16.02.2012:

The currency pair remains in downtrend movement at this hour. Current price 1.3011. If the price drops below 1.2995 then we can expect further decline towards 1.2975 area. On the other hand if the price breaks above 1.3025 then next target may be around 1.3050 area.

@ 1:30pm GMT - US Building Permits, PPI m/m and Unemployment Claims - high
@ 1:30pm GMT - US Core PPI m/m and Housing Starts - medium
@ 2:00pm GMT - Fed Chairman Bernanke Speaks - high
@ 3:00pm GMT - Philly Fed Manufacturing Index - high
@ 3:00pm GMT - US Mortgage Delinquencies - medium

Wednesday, 15 February 2012

EUR/USD technical analysis today 15.02.2012:

The currency pair remains in neutral movement at this hour. Current price 1.3165. If the price breaks below 1.3150 then next target may be around 1.3120-1.3100 area. A clear break above 1.3175 may trigger the price towards 1.3190-1.3210 area.

@ 10:00am GMT - EU Flash GDP q/q - medium
@ 1:30pm GMT - Empire State Manufacturing Index - medium
@ 2:00pm GMT - US TIC Long-Term Purchases - high
@ 2:15pm GMT - US Capacity Utilization Rate - medium
@ 2:15pm GMT - US Industrial Production m/m - medium
@ 3:30pm GMT - US Crude Oil Inventories - medium
@ 7:00pm GMT - US FOMC Meeting Minutes - high

Tuesday, 14 February 2012

EUR/USD technical analysis today 14.02.2012:

Current price 1.3140. The currency pair remains in downtrend movement. We can expect further decline towards 1.3100-1.3090 area. On the other hand if the price breaks above 1.3160 then we can expect further rise towards 1.3185.

@ 7:45am GMT - French Prelim Non-Farm Payrolls q/q - medium
@ 10:00am GMT - German ZEW Economic Sentiment - high
@ 10:00am GMT - Industrial Production m/m and ZEW Economic Sentiment - medium
@ 1:30pm GMT - US Core Retail Sales m/m and Retail Sales m/m - high
@ 1:30pm GMT - US Import Prices m/m - medium
@ 3:00pm GMT - US Business Inventories m/m - medium
@ 3:00pm GMT - US Treasury Sec Geithner Speaks - medium

Monday, 13 February 2012

EUR/USD technical analysis today 13.02.2012:

Current price 1.3260. The pair remains in uptrend movement based on the one hour chart. If the price breaks above 1.3275 then we can expect further rise towards 1.3300 area. Only a clear drop below 1.3245 may trigger the price towards 1.3220-1.3210. There are no major economic events for the currency pair scheduled for today.

Friday, 10 February 2012

EUR/USD technical analysis today 10.02.2012:

The currency pair remains in neutral movement at this hour. Current price 1.3246. We may expect some downtrend movement towards 1.3200 area if the price drops below 1.3225. On the other hand if the price breaks above 1.3260 we may expect next target to be around 1.3280-1.3290.

@ 1:30pm GMT - US Trade Balance - high
@ 2:55pm GMT - US Prelim UoM Consumer Sentiment - high
@ 5:30pm GMT - Fed Chairman Bernanke Speaks - high
@ 5:50pm GMT - FOMC Member Pianalto Speaks - medium
@ 7:00pm GMT - US Federal Budget Balance - high

Thursday, 9 February 2012

EUR/USD technical analysis today 09.02.2012:

The currency pair remains in uptrend movement at this hour. Current price 1.3291. If the price breaks above 1.3305 area than next target will probably be 1.3330. A clear drop below 1.3275 then the price may decline towards 1.3260.

@ 12:45pm GMT - EU Minimum Bid Rate - high
@ 1:30pm GMT - ECB Press Conference - high
@ 1:30pm GMT - US Unemployment Claims - high

Wednesday, 8 February 2012

EUR/USD technical analysis today 08.02.2012:

The currency pair remains in uptrend movement. Current price 1.3274. If the price continue to rise towards 1.3290 area then next target may be around 1.3320. On the other hand if the price drops below 1.3255 then next target could be close to 1.3230-1.3210.

@ 3:30pm GMT - US Crude Oil Inventories - medium
@ 3:40pm GMT - US FOMC Member Williams Speaks - medium

Tuesday, 7 February 2012

EUR/USD technical analysis today 07.02.2012:

The currency pair remains in downtrend movement at this hour. Current price 1.3098. If the price drops below 1.3085 then we can expect further decline towards 1.3060 area. On the other hand if the price breaks the resistance level at 1.3115 then further rise towards 1.3130-1.3140 may be expected.

@ 11:00am GMT - German Industrial Production m/m - medium
@ 3:00pm GMT - US Fed Chairman Bernanke Testifies - high

Monday, 6 February 2012

EUR/USD technical analysis today 06.02.2012:

The currency pair remains in neutral trend at this hour. Current price 1.3083. If the price drops below 1.3075 the we may expect further decline towards 1.3050. On the other hand if the price breaks above 1.3095 then we can expect further rise towards 1.3120.

@ 9:30am GMT - Sentix Investor Confidence - medium
@ 11:00am GMT - German Factory Orders m/m - medium

Friday, 3 February 2012

EUR/USD technical analysis today 03.02.2012:

The currency pair remains in uptrend movement at this hour. Current price 1.3151. If the price breaks above 1.3165 then next target may be around 1.3180-1.3200 area. Only a clear drop below 1.3130 may trigger the price towards 1.3100. 

@ 10:00am GMT - EU Retail Sales m/m - medium
@ 1:30pm GMT - US Non-Farm Employment Change and Unemployment Rate - high
@ 1:30pm GMT - US Average Hourly Earnings m/m - medium
@ 3:00pm GMT - US ISM Non-Manufacturing PMI - high
@ 3:00pm GMT - US Factory Orders m/m - medium

Thursday, 2 February 2012

EUR/USD technical analysis today 02.02.2012:

The currency pair remains in downtrend movement. Current price 1.3135. If the price drops below 1.3100 then we can expect further decline towards 1.3075 area. On the other hand if the price breaks above 1.3150 then next target may be around 1.3165-1.3180 area.

@ 1:30pm GMT - US Unemployment Claims - high
@ 1:30pm GMT - US Prelim Nonfarm Productivity q/q and Prelim Unit Labor Costs q/q - medium
@ 3:00pm GMT - US Fed Chairman Bernanke Testifies - high

Wednesday, 1 February 2012

EUR/USD technical analysis today 01.02.2012:

The currency pair remains in downtrend movement. Current price 1.3048. We can expect next target to be around 1.3020 and then further decline towards 1.3000. On the other hand if the price breaks above resistance level 1.3060 then we may expect next target to be 1.3080-1.3100 area.

@ 10:00am GMT - EU CPI Flash Estimate y/y - medium
@ 1:15pm GMT - US ADP Non-Farm Employment Change - high
@ 3:00pm GMT - ISM Manufacturing PMI - high
@ 3:30pm GMT - US Crude Oil Inventories - medium