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Daily Analysis

EUR/USD consolidates. The analysis for 22nd May 2017

EUR/USD continued its growth during last session, reaching 1.12. The beginning of the week should be a bit more stable as a new corrections is to be expected. Support is set at 1.11, resistance stays at 1.12.

EUR/USD – markets calm down at the end of the week. The analysis for 19th May 2017

The dollar grew a bit yesterday thanks to good reports and loosening the tension after Trump’s revelations. Yet, the recovery was limited, and the Euro bulls are not to be defeated lightly. Support and resistance stay the same, 1.10 and 1.12 respectively.

EUR/USD – Euro breaks another level. The analysis for 18th May 2017

Even last week, no one saw the dollar coming to the price it used to be during the US presidental campaign. EUR/USD is destroying resistance like a bullet. Now, the resistance stays at 1.12, support remains at 1.10.

EUR/USD – the dollar keeps on losing value. The analysis for 17th May 2017

It’s been a long time since we last saw Euro going up for so long. Yesterday was completely dominated by Euro. The dollar was affected by Donald Trump. Support stays at 1.10, resistance is set at 1.11.

EUR/USD – Euro reaches its high in 2017. The analysis for 16th May 2017

Euro has reached its top value this year, breaking resistance at 1.0950 and reaching 1.10 in the process. The reason for that was weak reports from USa and Donald Trump himself. The new support is set at 1.0950, resistance stays at 1.105.

EUR/USD – Disappointing US data bring cheered the euro bulls – The analysis for 15th May 2017

Like throughout all the week, EUR/USD is still consolidating down. Yesterday, it breached 1.0850 for a short while. Support is now set at 1.0850, resistance is set at 1.0935.

EUR/USD – Euro going down as the markets await US reports. The analysis for 12th May 2017

Like throughout all the week, EUR/USD is still consolidating down. Yesterday, it breached 1.0850 for a short while. Support is now set at 1.0850, resistance is set at 1.0935.

EUR/USD – the asset still consolidates with the downtrend. The analysis for 11th May 2017

EUR/USD strarted powerfully beginning this week, but the enthusiasm is slowing down and Euro is losing value. Support stays at 1.0888, resistance is set to 1.10.

EUR/USD – the markets wait for Draghi’s speech. The analysis for 10th may 2017

As we foresaw yesterday, EUR/USD was a bit shaky, going under the current support. The asset is still under heavy pressure. The support stays at 1.0888, resistance is set to 1.10.

EUR/USD – Euro goes a bit down as negative reports from German surface. The analysis for 9th June 2017

Despite Macron’s victory, Euro lost some value yesterday. Also, some negative reports from Germany influenced the rate. Support is set at 1.0888, resistance is set at 1.100.

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