The currency pair broke through the resistance level of 0.7420 and reached a strong resistance level at 0.7550, which was slightly exceeded. An attempt to break through this resistance should not go. The increases were initiated by the occurrence of Governor of the Bank of New Zealand, who hinted that the probability of interest rate hikes in June. An additional...
The currency pair after today attacked the delicate adjustment and set a new high of 1.1393. (This was in line with what I wrote in yesterday's forecast, but the correction was not so deep). After the new maximum, and reaching the important resistance there was profit and the supply has led to an important support at 1.1289. Fight demand and supply ended up...
On the daily chart we can see a shooting star, which can be a precursor to change in the trend. In my opinion, it is a signal for correction of recent increases. In addition, large purchase enhances the credibility of the candle. Purpose correction estimate around $ 54 level.
According to the forecast it came today to test resistance located at 1.1250 and 1.1289. Today supported the demand side of the weaker data from the US had no major problems beating 1.1289 and set a new high of 1.1371. It is worth recalling that the ADP reading was much worse than forecast. The market read this as a sign ahead of Friday's weak US data and the...
Today there was a collapse of declines. According to the forecast market led to a break 1.11 level, but supply surrendered on the first support 1.1070. Minimum dropped a little lower at 1.1066 and then saw the return movement upwards. The demand has led to strong growth today despite a better reading of the ISM index for services in the US (57.8 by 56.2 forecast)....
Today we met mixed data from the Euro-zone, which in a sense has helped the supply side. (Very good fell fell PMI manufacturing index in Germany, which rose to 52.1 points. Also, the indicator for the industry in Italy got the better of 53.8 points. But on the other side found himself PMI for France, who dived to 48 points and the PMI for manufacturing in Spain at...
Another good week for the euro, which strengthened against the dollar for the third week in a row. This is a result of weaker data from the US, which last met. The strength of the euro may indicate that the euro strengthened against the dollar 7 session in a row and this is the worst run for the US dollar since 2013. However, on Friday the dollar began to gain,...
Despite the high overbought currency pair to continue further growth setting a new high of 1.1266. At the moment, we are in a zone of strong resistance, which should soon enable the supply side. Certainly the market has a chance to develop correction that its scope should arrive in around 1,10-1,1034. In the medium term should be the next wave of growth that will...
Today there has been considerable increases, which were supported by a very weak US GDP reading (0.2% vs. 1%). Part of the market has come to the conclusion that a rate hike will be reached in time. Therefore, we saw the EUR / USD at 1.1189, after having pierced the important resistance at 1.1034 and 1.1090. However, the situation turned around when we met notes...
Once again, according to yesterday's forecast currency pair recorded a new high of 1.0991. Demand side was further supported by data from the US worse (Conference Board index fell to 95.2. This is another worse US data, which show that tomorrow's meeting notes from the Fed may be dismissed in the time of a possible rate hike. Let me remind you only that the first...
Today there was a breakthrough summit in April, which resulted in the establishment of a high of 1.0928. If the dislocation of the wedge, which I pointed out in yesterday's analysis is not false, then we should see a withdrawal and then attack resistance zone, which is located between the 1,10-1,1034. Economic Calendar: Tuesday: 8:00 GfK Consumer Climate EUR in...
In the last week, the euro strengthened slightly against the dollar, despite persistent concerns about Greece. At the moment, negotiations stalled, the impasse continues virtually every point on the line Greece- negotiations the EU. In fact, after a month of negotiations, both sides of a burden to each other lack of compromise. Strong attitude of the Greek...
Key data released from the US which turned out to be weaker than the market consensus and led to the strengthening of the euro. The market took this as an announcement of a delay in the increase in interest rates in the United States. Note, however, that the data were only slightly worse than the announcement, while better than previous readings. Maximum fell at...
The beginning of the week, the dollar, which once again strengthened against the euro. Led to the first market test 1.0566 support first and then saw a low of 1.0520 (1.05 support). All the time thorn in the side for the markets is the position of Greece in the negotiations, which rejects further austerity and the continuation of reforms. It seems that Greece will...
Yesterday's analysis assumed a small correction to the level of 1.08 and 1.0850 (in case of puncture of resistance). Then the course was discussed couples fall to the level of 1.07. Today we saw the test 1.08 level but eventually rate fell to 1.0637 level. Strong downward trend is due to the unclear situation in the negotiations with Greece, about which there is...
In the first part of the day we saw increases in the 1.0889 area which can be treated as an adjustment to recent declines. Around 1.09 level become active in the supply, which we defend the resistance which automatically led to declines in the vicinity of 1.08. Then the market waited for an hour 20:00 when we got to know the records of the minutes of the FOMC....