Daily Analysis

The EUR/USD pair has once again managed to prevent itself from falling, mostly on the back of a weakening of the U.S. dollar caused by the news from the USA and disappointment with the minutes from the FOMC’s last meeting. Support is set at 1.17, resistance at 1.18.

The EUR/USD pair fell slightly yesterday after the U.S. advanced retail sales data came in surprisingly strong. Investors will be closely eyeing U.S. also today, as we are expecting the FOMC meeting minutes to be released later during the day. Support is set at 1.17, resistance at 1.18.

The U.S. dollar gained yesterday a bit against the euro, and the pair dropped to the level near the current support. The American currency has regained some strength on the back of easing tensions between the United States and North Korea, while the euro got hit by weaker than expected industrial output numbers. Support is set at 1.1750, resistance at 1.1850.

Although the dollar regained some strength, the EUR/USD pair continued to climb during the last week. Each correction we have seen was met with the buyers coming back to the markets and the pair could rebound. Support is set at 1.75, resistance at 1.85.

The EUR/USD pair went through a correction yesterday and dropped near the 1.17 level. The U.S. dollar managed to reclaim some ground mostly on the back of yesterday’s data from the U.S., but still remains under pressure. Support is set at 1.16, resistance at 1.18.

The EUR/USD pair has entered a new phase of gains and clearly broke the last resistance at 1.17. Yesterday’s FOMC statement on the rates and future monetary policy has been a strong hit for the dollar. Support is set at 1.16, resistance at 1.18.

The EUR/USD pair initially tried to rally and break above the resistance at 1.17, but ultimately failed and dropped back to the levels slightly above 1.16. The markets are awaiting for the FOMC statement, which raised many speculations. Support is set at 1.15, resistance at 1.17.

The EUR/USD had a mixed day of choppy trading yesterday, moving in a narrow range, and holding around the 1.165 level. The dollar still remains under pressure amid the uncertainty surrounding Donald Trump’s administration and a downgrade of the outlook for the U.S. economy by the IMF. Support is set at 1.15, resistance at 1.17.

The euro continues to climb, and the U.S. dollar begins another week with further losses. The dollar index, measuring its strength against a basket of currencies fell for two straigth weeks and reached the lowest level since June 2016. Support is set at 1.15, resistance at 1.17.

After recording some strong gains this year, the EUR/USD pair has slightly corrected, and dropped to the levels around 1.15. Lately, the U.S. dollar got badly hit with a series of disappointing news, but all eyes will be focues on the European Central Bank. Support is set at 1.145, resistance at 1.16.