The EUR/USD pair initially gained after a batch of good economic data, but u-turned after the press conference of the European Central Bank. The U.S. dollar was unable to take advantage of euro’s drop after the news on possible problems with the tax code overhaul. Support is set at 1.175, resistance at 1.185.
Quite unexpectedly, the EUR/USD pair strenghtened amid the dollar’s weakening after the Federal Markets Open Committee press conference. Market participants were disappointed as Fed raised the interest rates, but left the rate outlook for the coming years unchanged. Support is set at 1.175, resistance at 1.185.
The U.S. dollar initially gained after a good reading from the producer price index, and the EUR/USD pair dropped to 1.171 level, but further news from the United States allowed it to rebound slightly. Markets are waiting for todays press conference after the FOMC monetary policy meeting. Support is set at 1.17, resistance at 1.18.
The EUR/USD pair stays in consolidation mode after a temporary attempt to move higher after the release of JOLTS job openings numbers. Markets are currently starting to focus on the forthcoming central bank meetings. Support is set at 1.175, resistance at 1.185.
The EUR/USD pair starts the new trading week in a steady manner. Friday brough a slightly mixed batch of data from the U.S. about the non-farm payrolls, wage growth and consumer confidence. Support is set at 1.175, resistance at 1.185.
The EUR/USD pair went through a significant corretion yesterday amid a strengthening of the U.S. dollar, caused by improved investor sentiment towards the greenback after the news on the progress of the tax cuts development and positive private employment data. Support is set at 1.175, resistance at 1.185.
The EUR/USD pair stays in consolidation mode after going through a small correction yesterday. Most of the moves were caused by speculation in the market, but a batch of mixed data didn’t go unnotices. Support is se at 1.18, resistance at 1.19.
ISM data published on Friday brought an attempt to break up the current resistance, but the EUR/USD pair ultimately starts a new trading week with a correction as the U.S. Senate passed the alternative version of the tax cuts bill. Support is set at 1.18, resistance at 1.19.
Although the GfK consumer confidence reading from Germany came along with the expectations, the euro was unable to gain, as the markets were focused on the U.S. news and releases. Consumer confidence numbers came at a strongest level in 17 years. Support is set at 1.185, resistance at 1.195.
The EUR/USD pair initially tried to break the current resistance, but the rally was stopped by a rebound of the U.S. dollar sparked by strong new home sales data release in the U.S. Support is set at 1.185, resistance at 1.195.