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Daily Analysis

EUR/USD – U.S. Senate approved the budget bluepring – Analysis for October 20th 2017

The euro has initially rebounded yesterday amid the news on Brexit talks and easing tensions about the Catalonian crisis, but the U.S. dollar countered the move later on after the U.S. Senate passed the budget blueprint for the fiscal year 2018. Support is set at 1.175, resistance at 1.185.

EUR/USD – Euro regains some of its last losses – Analysis for October 19th 2017

The euro managed to regain some of the losses and the EUR/USD pair managed to climb slightly above 1.18 level, its highest in three days. The rebound was possible after the speech of EBC’s Mario Draghi. Support is set at 1.175, resistance at 1.185.

EUR/USD – Consolidation before Mario Draghi’s speech in Frankfurt – Analysis for October 18th 2017

The EUR/USD stayed in consolidation mode for most of the time yesterday. The reading of the consumer price index in the euro zone were not good enough to support the euro. ZEW economic sentiment reading came below the expectations. Support is set at 1.175, resistance at 1.185.

EUR/USD – The greenback rebounds; important data releases in Europe – Analysis for October 17th, 2017

The U.S. dollar managed to gain slightly agains the euro thanks to a rebound in Treasury yields. The rise was seen after the reports that the U.S. President Donald Trump sees a more hawkish candidate as a new Federal Reserve head. Support is set at 1.175, resistance at 1.185.

EUR/USD – Slow start of the week – Analysis for October 16th 2017

The euro starts the trading week on a slightly weaker note. Markets are focused on the outcome of the election in Austria and renewed concerns on the Catalonian issue. The U.S. dollar also remains under pressure after the Friday’s inflation data. Support is set at 1.175, resistance at 1.185.

EUR/USD – Consumer price index numbers in focus – Analysis for October 13th 2017

In-line with the expectation producer price index numbers, preceeding today’s reading of the consumer price index allowed the U.S. dollar to rebound. The slight correction of the pair was also related to Mario Draghi’s comment on EBC’s policy. Support is set at 1.18, resistance at 1.19.

EUR/USD – FOMC minutes disappointed the dollar bulls; euro at a two-week high – Analysis for October 12th 2017

Optimistic moods of the dollar bulls, sparked by the expectation of the further tightening of the monetary policy by Fed have once again declined. The FOMC meeting minutes disappointed as some of the Fed members expressed concerns about the low inflation rate. Support is set at 1.18, resistance at 1.19.

EUR/USD – The euro continues to climb amid new German data – Analysis for October 11th 2017

Speculations about possible problems with Donald Trump’s tax overhaul have weighted on the dollar. At the same time, the euro has reached the highest level in nearly two weeks thanks to another batch of good economic data from Germany. Support is set at 1.175, resistance at 1.185.

EUR/USD – German data support the euro – Analysis for October 10th 2017

The EUR/USD pair managed to climb as the U.S. dollar remains on a backfoot after the weaker than expected non-farm payrolls reading and good numbers of industrial production in Germany. Support is set at 1.17, resistance at 1.18.

EUR/USD – The dollar drops on weak NFP reading and renewed North Korea tensions – Analysis for October 9th 2017

The U.S. dollar was able to hold on to its gains for just a short while, as the release of the non-farm payrolls happened to be a strong disappointment for the dollar bulls, and the EUR/USD pair started to climb again. Support is set at 1.17, resistance at 1.18.

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