Once again, the EUR/USD pair drifted lower. The dollar is strengthening as the markets await today’s release of the FOMC meeting minutes, which may bring some hints about the future pace of rate hikes in the US. Support is set at 1.23, resistance at 1.24.
The EUR/USD pair had a highly volatile day on Friday. The pair continued climbing during the first half of the day, attempting to reach new highs. Ultimately it failed to do so as the dollar regained straight during the day and this led to a correction. Support is set at 1.24, resistance at 1.25.
The EUR/USD pair is still gaining, as it has been since the beginning of the week. The euro gains thanks to good economic data, while the dollar is continously drifting lower. We are not expecting any turnaround today. Support is set at 1.25, resistance at 1.26.
The EUR/USD pair had a highly volatile day yesterday, as it was expected considering the number of important data releases both in Europe and the US. The most infuential numbers were the CPI results and retail sales in the US. Support is set at 1.24, resistance at 1.25.
The EUR/USD pair has seen some significant drops yesterday amid a strengthening of the US dollar caused by a rise in Treasury yields. Today’s morning has brought more disappointment for the euro after the release of German trade balance. Support is set at 1.22, resistance at 1.23.
The US dollar gained after the release of nonfarm payrolls on Friday. The release has also shown further wages growth and increased investors’ hopes for another Federal Reserve rate hike. Support is set at 1.24, resistance at 1.25.
The euro has climbed to the top of the range and the markets are waiting in anticipation for the Fed’s move in the coming weeks. Although the euro has strengthened, it still stays in the range which has been set last week and it remains to be seen if it can break through the range anytime soon. Support is set at 1.24, resistance at 1.25.
Last night the euro was once again trying to break above 1.23, but went through a slight correction and currently sits slightly above 1.22. After breaking to the highest level in three years, EBC official comments slightly subdued the mood. Support is set at 1.20, resistance at 1.25.
According to our yesterday’s analysis, the EUR/USD pair stayed in consolidation mode after reaching the record highs since December 2014. The strenghtening came amid the positive market sentiment towards the euro brough by the expectations that EBC will end its massive fiscal stimulus. Support is set at 1.20, resistance at 1.25.
Last week brought a series of information that caused significant drops in the dollar – the decision of the Bank of Japan about the bond purchase quota, the rumor about China’s resignation from the purchase of US Treasury bonds, weak reading of producer prices and a soaring euro. Support is set at 1.20, resistance at 1.25.