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Daily Analysis

EUR/USD – PMI numbers release in the Eurozone and the U.S. – Analysis for June 23rd 2017

The EUR/USD pair had another lcalm day of trading once again. Even the published data were not able to bring some more volatility to this market. We could see a beginning of a selloff early in the afternoon, but sellers came back to the market and the pair reclaimed the 1.115 level. Support is still set at 1.11, resistance at 1.12.

EUR/USD – Euro’s subtle rebound – Analysis for June 22nd 2017

The EUR/USD pair went back and forth yesterday, with the 1.11 level acting as a strong support. This allowed the pair to climb back above the 1.115 level ultimately, where it sits comfortably at the moment of writing. Support stays at 1.11, resistance at 1.12.

EUR/USD – Continued consolidation – Analysis for June 21st 2017

The EUR/USD pair went sideways for another day of consolidation and went through another correction attempt. As the move was highly speculative, it was possible to defend the current support level and the pair rebounded slightly this morning. Support stays at 1.11, resistance at 1.12.

EUR/USD – Fed members comments strenghtened the U.S. dollar – Analysis for June 20th 2017

The EUR/USD pair stayed in consolidation mode most of the day, but ultimately fell to the 1.115 level, where it sits at the moment of writing. The dollar bulls have taken over the markets amid the dollar’s strenghtening which has been possible thanks to Fed members comments. Support is set at 1.11, resistance at 1.12.

EUR/USD – Attempting to regain the 1.12 level – Analysis for June 19th 2017

The EUR/USD pair finished the week on a higher note and tries to regain the 1.12 level it lost after the dollar strenghtened. Once again we can see how stable and resistive euro has lately become. Support is set at 1.11, resistance at 1.12.

EUR/USD – The dollar regained some strength – Analysis for June 16th 2017

The EUR/USD pair got corrected amid the dollar’s strenghtening, brought by the rate hike and the statement from Fed on Wednesday. We could see an expected market reaction, especially as some data from the U.S. were published, allowing to believe the central bank will be able to stick to its plan on further hikes. Support is set at 1.11, resistance at 1.12.

EUR/USD – FOMC decision today – Analysis for June 14th 2017

The EUR/USD pair had a quite calm trading session yesterday as we await the interest rate hike decision after today’s Fed meeting. We are expecting a silent market, continuing this scenario today until the FOMC statement gets published. Support stays at 1.12, resistance at 1.13.

EUR/USD – Awaiting the Fed’s decision – Analysis for June 13th 2017

The EUR/USD pair remains stable while the markets are focusing on the Brexit negotiations. Apart from that, investors are awaiting for the outcome of Greek’s debt relief decision, which will be discussed tomorrow. The dolar remains under pressure before tomorrow’s Fed decision on rate hike. Support is set at 1.12, resistance at 1.13.

EUR/USD – Slow start of the week – Analysis for June 12th 2017

Contrary to the most investors’ expectation, the EUR/USD pair remains ver calm after the outcome of the UK elections. The Conservative Party wasn’t able to get the majority at the parliament, so its position was further weaekend. It’s quite possible that Prime Minister Theresa May will be forced to change her “hard” Brexit attitutde. Support is set at 1.12, resistance at 1.13.

EUR/USD – The euro tumbles after the EBC meeting and the UK election – Analysis for June 9th 2017

The EUR/USD pair tumbled yesterday as the European Central Bank once again disappointed by not hitting as hawkish tone, as the markets were expecting. Later on, Comey testimony brought a relief for the dollar. Support is set to 1.115, resistance at 1.125.

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