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Daily Analysis

EUR/USD – The euro drops after Draghi’s comments; U.S. GDP data release today – Analysis for April 27th 2018

As it was widely expected, the European Central Bank kept the rates unchanged yesterday. Mario Draghi’s speech during the press conference started a wide euro sell-off. At the same time the U.S. dollar is seen at the highest level in three and a half months. Support is set at 1.20, resistance at 1.21.

EUR/USD – The dollar at a three-month high – Analysis for April 24th 2018


The U.S. dollar significantly gained amid a surge in Treasury yields that reached the highest level in four years. The greenback was further supported by a good PMI reading and home sales numbers. Support is set at 1.125, resistance at 1.225.

EUR/USD – The dollar strengthens; PMI data release today – Analysis for April 23rd 2018

The U.S. dollar climbed to the highest level in three weeks and the EUR/USD pair dropped below the 1.23 level on Friday. The currency continues to stregthen today, supported by a significant surge in Treasury yields. Support is set at 1.22, resistance at 1.23.

EUR/USD – The euro drops on ZEW data; the dollar rebounds – Analysis for April 18th 2018

The EUR/USD pair initially tried to rally on Tuesday, but disappointing ZEW data in the euro zone and upbeat housing and industrial production data in the U.S. supported the dollar and pushed the pair back to the middle of its current range. Support is set at 1.23, resistance at 1.24.

EUR/USD – The dollar drifts lower on Donald Trump’s comments – Analysis for April 17th 2018

The EUR/USD pair stayed in its current range, but a weakening of the U.S. dollar pushed it higher just below the current resistance. The market’s focus was once again shifted to the developments in the U.S. and issues related to international trade policy. Support is set at 1.23, resistance at 1.24.

EUR/USD – Limited market reaction to Syria strikes – Analysis for April 16th 2018

The EUR/USD pair stayed in consolidation mode after an initial drop on Friday and managed to keep itself in the current range. Although the rocket attack carried out by the U.S. and coalition partners in Syria did not cause a strong reaction from the markets, the development of the situation will be observed by investors. Support is set at 1.23, resistance at 1.24.

EUR/USD – Disappointing industrial production numbers released in Europe – Analysis for April 13th 2018

The EUR/USD pair quite significantly dropped yesterday after the release of disappointing industrial production numbers in Europe. The U.S. dollar managed to gain thanks to investor sentiment improvement and a surge in Treasury yields. Support is set at 1.23, resistance at 1.24.

EUR/USD – CPI and FOMC minutes muted by growing geopolitical tensions – Analysis for April 12th 2018

Although we’ve seen some important releases yesterday, the EUR/USD pair wasn’t strongly impacted. The market reaction was limited, as the developments were muted by growing geopolitical tension related to Syria. Support is set at 1.23, resistance at 1.24.

EUR/USD – Mario Draghi’s speech, U.S. CPI and FOMC minutes today – Analysis for April 11th 2018

Ewald Nowotny’s comment boosted the common currency and pushed the pair above the previous resistance at 1.235 level. Today’s we’re expecting for Mario Draghi’s speech in Frankurt and a release of important inflation numbers in the United States. Support is set at 1.23, resistance at 1.24.

EUR/USD – Markets catch a breath; the euro climbs on Draghi’s comment – Analysis for April 10th 2018

Although the current situation between the U.S. and China is still tense, yesterday’s speech of Xi Jinping eased investor concerns about a potencial trade war a little. In Europe, Mario Draghi’s comments have bolstered the euro. Support is set at 1.225, resistance at 1.235.

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