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Daily Analysis

EUR/USD – The euro gets hit after the EBC press conference – Analysis for December 15th 2017

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.

EUR/USD – The U.S. dollar tumbles after the FOMC meeting

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.

EUR/USD – All eyes on CPI reading and FOMC – Analysis for December 13th 2017

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.

EUR/USD – Markets are waiting for the central banks; ZEW data in focus – Analysis for December 12th 2017

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.

EUR/USD – Good NFP reading countered with weak earnings growth – Analysis for December 11th 2017

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.

EUR/USD – Upbeat employment data and tax code overhaul hopes sent the dollar higher – Analysis for December 7th 2017

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.

EUR/USD – Awaiting the ADP employment change data – Analysis for December 6th 2017

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.

EUR/USD – The dollar rises as the Senat passed the tax cuts bill – Analysis for December 4th 2017

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.

EUR/USD – Strongest consumer confidence in 17 years; GDP data release in focus – Analysis for November 29th 2017

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.

EUR/USD – The greenback rebounds on the back of new home sales numbers – Analysis for November 28th 2017

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.

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