Euro Daily Fundamental Analysis

[myregister]

Selling pressure against Euro still continues to trade even up to the European session on Thursday (20/10), which has been going on since two days ago, and triggered market doubts whether the ECB will announce plans to cut the tapering QE bond purchase program after ending up in March 2017.

 

Tonight the ECB will announce its latest monetary policy which is not expected to change interest rate policy. In addition to the announcement of interest rates, the market previously expected given the QE tapering signal. But also reported that the ECB may delay convey this QE policy in December.

 

Euro exchange rates movements on European session weakened against the US dollar, after the price of this pair opened higher than the previous trading at 1.0974 in early Asian trade (0000 GMT), the Euro exchange rate of natural increase of 14 pips and is now rolling at 1.0970.

 

For the next trade until the close of trading ending the American session tomorrow morning, analyst estimates that technically EURUSD pair will go up to the range 1.0985 - 1.1019 if the decline in the current pair did not reach the range between 1.0948-1.0917.

[myregister]

The attitude of ECB that do not discuss ongoing QE program or stimulus to the economy of the region at their monthly meeting on Thursday (20/10) disappoint market for the expectations of euro rate. As a result, the exchange rate value of the region plummet down positions 7-month low against the US dollar.

 

Previous market is expecting Mario Draghi as ECB governor announced the development of central bank stimulus program that will end in March 2017. The market wants what the economic outlook in the region next after seeing strong pressure occurs this year.

 

Euro rate exchange on Europe Union session seems weakened against the US dollar, after EURUSD on this time opened higher than the previous trading at 1.0928 in early Asian trade , also the Euro exchange rate experienced a decrease about around 38 pips and is now rolling at 1.0890.

 

For the next trade until the close of trading ending the American session tomorrow morning, the price of EURUSD estimated to be technically fall down to around the range between 1.0874 - 1.0812. But if there is a correction, then this currency pair will have a strong rise towards the range between 1.0935-1.1007.

[myregister]

Euro exchange rate movements on Asian session observed is weakening against the US dollar after the price opening is opened lower at 1.0883 in early trading (0000 GMT), the Euro exchange rate is now rolling on the position of 1.0867.

 

Euro on Asian session moving weaker against the US dollar continued the previous trading sentiment triggered strong Fed rate hike pushed the US dollar and also the ECB's stance last week that did not give any signal to plan the next QE program. But in the European session there are a lot of positive sentiment to lift the EURUSD pair.

 

Technically, EURUSD potential to rise to the range of 1.0891-1.0923 if attenuation pair is not reached, it will fall and break the range of 1.0850-1.0810. The normal range on the EURUSD pair is estimated to have the support level at 1.0768 and the resistance level at 1.0981.

[myregister]

After the Ifo Institute for Economic Research to announce the latest business conditions German state of their survey of the many businesses in all sectors, the euro exchange rate in the middle of the European session forex trading on Tuesday rebounding from selling pressure for 5 consecutive days.

 

In addition to a report showing German Ifo index in October increased significantly above expectations, the euro's strength against the US dollar also gained on news consent partial melting of Greek bailout funds in order to pay its debts.

 

Euro exchange rate movement on EU session strengthened against US Dollar, after EURUSD's pair price opened actually lower than previous trading at 1.0881 in early Asian trade (0000 GMT), the Euro exchange rate observed a natural increase about 6-7 pips and now the price is rolling at 1.0887.

 

For the next trade until the close of trading ending the American session tomorrow morning, analyst estimates that technically EURUSD pair will go up to the range between 1.0903 - 1.0936. However, if the correction occurs again then EURUSD's pair price will fall to the range between 1.0863-1.0820.

[myregister]

Poor performance of Euro against US Dollar in the forex market since the beginning of October trading likely will end because technically EURUSD already found a strong foothold to change the trend. Step European session on Wednesday Euro moved positively in the Asian session after a natural profit taking.

 

Euro powered against US Dollar and got a wedge of moving data releases such minor German import prices, consumer sentiment and retail sales data GfK Italy, in response to the statement obtained from Mario Draghi in Germany in his defense of the ECB's monetary policy loose. Economic data showed minor supporting lower data from previous periods and also expectations.

 

Euro exchange rate movements on European session strengthened against the US dollar, after the opening price opened lower lower than the previous trading at 1.0888 in early Asian trade (0000 GMT), the Euro exchange rate of natural increase of 37 pips and is now rolling at 1.0925.

 

For the next trade until the close of trading ending the American session tomorrow morning, analyst estimates that technically EURUSD pair will go up to the range 1.0931 - 1.0960. However, if the correction occurs again then the pair will fall in the range of 1.0865-1.0803.

[myregister]

Euro exchange rate in the early of Europe session on Thursday has a positive move against US Dollar after the price is exeperiencing a profita taking action on the early of Asia session. It seems that Euro managed to beat all rivals includ US Dollar after the release this afternoon.

 

Spain's national statistics office announced that the state unemployment rate fell to its lowest since 2010, a decline that continues every month throughout 2016. The sentiment is to provide energy for the euro against US dollar, which drove strong pressure since the end of September.

 

Euro exchange rate on Europe session observed strengthening against US Dollar, after the price observed to open lower than previous trading at 1.0906 in early Asia trading session, the Euro exchange rate increase around 37 pips and the price is rolling at 1.0917.

 

For the next trade until the close of  American session tomorrow morning, analyst estimates that the EURUSD pair is technically able to rise up to the range 1.0925 - 1.0964. But if there is a correction then this pair will fall down to the range of 1.0888-1.0810.

[myregister]

The movement of the euro exchange rate which had increased since the beginning of Asian session trading late October cut back by profit taking after Destatis report German retail sector's performance is getting worse. End of October last week's trading last Friday, the euro managed to close at the highest daily position within 10 days of trading.

 

The euro fell from the peak of 10 days was triggered contractions retail sector data that continues after the previous month in August contraction. Disappointing performance of the German retail sales kept the charm euro faded back. From the report Destatis, German retail sales in September is getting sluggish.

 

European session the euro exchange rate movements weakened against the US dollar, Euro exchange rate of natural increase of 38 pips and is now rolling at 1.0953. For the next trade until the close of American session tomorrow morning, EURUSD pair fell again to the range 1.0939 - 1.0890. But if there is a correction this pair may rise towards 1.0999-1.1037 range.

[myregister]

After the European markets opened trading on Thursday , some economic data released for Euro area member states with a majority of positive value. However, these data are not able to withstand the profit taking that pressing EURUSD since the end of the Asian session. The market viewed the report the unemployment rate is less impressive than the same data as the previous period.

 

Indeed, Eurostat reports today showed the unemployment rate Euro area is still the same, but some countries are still showing the increase of unemployment as Spain which data is larger than the previous month.

 

Euro exchange rate movements (11:00:38 GMT) weakened against the US dollar, after opening lower than the previous trading at 1.1096 in early Asian trade (0000 GMT), the Euro exchange rate experienced a decrease 24 pips and is now rolling at 1.1075.

 

For the next trade until the close of trading in America which ends tomorrow morning, analyst saw EURUSD pair technically being dropped to the range 1.1066 - 1.0995. But if there is a correction again in the evening session, the pair may rise towards 1.1127-1.1155 range

[myregister]

The movement of the Euro exchange rate in the European session (07:00:35 GMT) moving weak against the US dollar, after the price of this pair opened higher at 1.1106 in early trading (0000 GMT), and the EURUSD is now rolling at 1.1094.

Euro on European session still got a pressure from profita taking that started on Asia session after rallying about 3 consecutive days by the strong momentum UUS non-farm payrolls which are expected to rise so as to amplify the signal Fed rate hike in December. This afternoon will be released performance data expected service PMI is positive but the fundamental driving force is very minor.

Technically, EURUSD is moving down towards 1.1083-1.1018 range. But if it is not up to the range described above, the pair will climb back towards the 1.1106-1.1151 range. The normal range of EURUSD pair is estimated to have the support level at 1.0985 and the resistance level at 1.1189.

[Latham Lapard]

 

EUR/USD this week was absolutely bullish with the Election ahead it’s likely to continue in similar vein. However, it’s expected that some pull back is going to come due to uncertainty over who is going to win. Now, it’s likely that we will see things turn around once the results are out, so it’s wait and watch scenario.

[Latham Lapard]

 

GBP/USD this was extremely bullish after the Court Ruling that came into play and went above 1.25 levels, it’s very much likely that it’s going to remain between 1.24 to 1.26 levels during next 2 days before the Election Decision making the cut out!

[myregister]

After the European markets opened early trading last week (7/11) and some economic data released Euro area member states with a mixed value, EUR is getting weaker once again. So there is no momentum to lift the pair after falling in early trading by sentiment FBI raise US dollars.

 

Negative data came from reports Destatis German and Markit, to report German factory orders and retail performance of the euro area. While positive data come from a report by Sentix investor sentiment. EURUSD opened lower than the previous trading at 1.1060 in early Asian trade where Euro exchange rate experienced a decrease about 5 pips and is now rolling at 1.1055.

 

For the next trade until the close of trading ending the American session tomorrow morning, analyst viewed as technically EURUSD pair is falling down to the range of 1.1044 - 1.1003. But if there is a correction again in the evening session, the pair may rise towards 1.1118-1.1172 range.

[myregister]

Euro exchange rate movements on European session (08:00:15 GMT / 14.00 am) is moving down against the US dollar after this pair's price opened higher at 1.1027 in early trading (0000 GMT), and the Euro exchange rate is now rolling on the position of 1.1107.

 

Euro's rally on Asia session triggered by the fears of global market will be Donald Trump as the new President of the United States, which began to move down after the candidate of the Republican delivered his first speech. It seems that markets are convinced figure businessman Trump is able to lift back the US economy.

 

Technically, EURUSD is falling down right now and heading back towards the first support level at 1.0980, and even fall further to around 1.0975. Many analyst argued that the normal range for EURUSD pair is estimated to have the support level at 1.0924 and the resistance level at 1.1165.

[myregister]

Euro exchange rate movements on Asia session (02:10:35 GMT) moving strongly against US dollar, after the price of EURUSD opened lower at 1.0907 in early trading (0000 GMT), and now the price of EURUSD revolving around 1.0946.

Euro managed to strengthen on Asia session took a strong foothold on the weakening US dollar after weakening a day after the US presidential election, which was won by Donald Trump. Weak fundamental strength of the US dollar makes euro rebounded, but overshadowed in the European session by the projection of US economic data were less encouraging session.

Technically, EURUSD is moving up towards between 1.1008-1.1108 range. But if it is not up to the range described before then EURUSD may fall back towards the 1.0897-1.0820 range. So analyst argued that the normal range for EURUSD pair is estimated to have the support level at 1.0795 and the resistance level at 1.1185.

[myregister]

Euro exchange rate movements on Asian session (04:00:15 GMT / 11.00 am) is moving up against the US dollar after opening higher at 1.0894 in early trading (0000 GMT), and the Euro exchange rate is now rolling on the position of 1.0908.

Euro in the Asian session managed to rebound from a position of weakness fourth consecutive day by sepinya catalyst driving the US dollar throughout the holiday exchange trading American and some European markets. In the European session there are economic data that could cut the strengthening euro.

Technically, EURUSD is moving up to around 1.0900 - 1.0938, but if this pair still cannot able to reach that range then this pair may fall down towards the range of 1.0864-1.0807. And EURUSD pair is estimated to have the support level at 1.0753 and the resistance level at 1.1017

[myregister]

Euro rebounded on early Asia session which that condition has been maintained up to the early of EU session after a strong hit for six consecutive days before. EURUSD pair is getting stronger by the strong positive sentiment bolstered the euro exchange rate. The positive sentiment came from the many economic data releases were increased from the previous period.

 

After the European trading session opened, Some economic data released such as the Euro area stable inflation data Italian, French, Euro Q3 GDP flash data, the ZEW sentiment data for Germany and the region. The most robust data EURUSD sustain that economic sentiment data according to the ZEW survey for Germany and the euro area exhibited significantly increased the score.

 

Euro exchange rate movements on this session seems strengthened against the US dollar, after this pair openeed higher than the previous trading at 1.0737 in early Asian trade (0000 GMT), naturally it seems that EUR gains around 46 pips and is now rolling at 1.0783.

 

For the next trade until the close of trading ending the American session tomorrow morning, analyst viewed as technically EURUSD pair is down to the range between 1.0723 - 1.0694. But if there is a correction again in the evening session, the pair may rise towards the range between 1.0825-1.0879.

[myregister]

Euro exchange rate movements in this Asia session seems to have a positive movement against US Dollar after the price of this pair opened lower at around 1.0690 in early trading (0000 GMT), and the Euro exchange rate is now rolling on the position of 1.0710.

 

Euro rebounded by profit-taking against the dollar some time, due to the US dollar fundamentals are still very strong and will continue in the evening session. In the US session there was a lot of momentum adds to the strength of the dollar which is penetrating the highest 12 months. To force some euro area data releases less powerful than the sentiment supporting the US dollar.

 

Technically, EURUSD rise to between 1.0725-1.0786 and a breakout from that range may push the price rise up to around 1.0820. But if it is not transparent then the pair may fall back into the range of 1.0670-1.0608. And the analyst suggests that EURUSD pair is estimated to have the support level at 1.0546 and the resistance level at 1.0825.

[myregister]

Euro exchange rate movements on Asian session was a negative move against the US dollar after opening lower at 1.0624 in early trading (0000 GMT), and the Euro exchange rate is now rolling on the position of 1.0603.

Euro once again pressure by a stronger dollar sentiment after hawkish comments before the US Congress Janet Yellen, the Fed rate hike can not be postponed again. The comments had previously been supported by solid economic indicators that support. Momentum driving the euro today there are data that should not drive a powerful yet EURUSD pair can change direction if the President of the ECB provides hawkish comments.

Technically, EURUSD moved down towards the range between 1.0580-1.0516 and a break-up to the range 1.0460. If failed the backup scenario is the pair will rise towards the range of 1.0640-1.0695. Analyst argued that EURUSD pair is estimated to have the support level at 1.0460 and the resistance level at 1.0822.

[myregister]

Euro exchange rate movements on Asian session (01:15:15 GMT / 8:15 pm) is moving with positive sentiment towards US dollar after the price opened lower at 1.0592 in early trading (0000 GMT), and the Euro exchange rate is now rolling on the position of 1.0610.

Euro on Asian session rebound after being hit for 10 consecutive trading day against the US dollar by sentiment. Rebound may take longer due to quiet the catalyst driving the forex market today until the American session later. Late last week the EURUSD receive negative sentiment data eased and account current Mario Draghi statement.

Technically, EURUSD rise towards 1.0627-1.0670 . But if failed to reach between the range the this pair may fall towards the range of 1.0570-1.0516. Analyst argued that the normal range of EURUSD pair is estimated to have the support level at 1.0471 and the resistance level at 1.0704.

[myregister]

Euro exchange rate movements on Asian session (03:00:35 GMT) moving weak against the US dollar, after this pair's price opened lower at 1.0551 in early trading (0000 GMT), and the EURUSD is now rolling at 1.0535.

Euro is strong enough to make itself plunged to a 1-year lows against the US dollar. Sentiment political uncertainty in some countries in the region will hold elections and a Fed rate hike further depress the EURUSD pair. In the European session there is a positive sentiment to trim attenuation pair by German Ifo Data busniness Climate and German GDP.

Technically, EURUSD is moving down towards the range between 1.0509-1.0454. But if it is not up to the range described above, then this pair may rise towards 1.0574-1.0652 range. So EURUSD pair is estimated to have the support level at 1.0415 and the resistance level at 1.0712.

[myregister]

Euro exchange rate movements on Asian session consolidated against the US dollar after price of this pair opened higher at 1.0553 in early trading (0000 GMT), and the Euro exchange rate is now rolling at around 1.0564.

Euro enter the Asia session where this commodity is trying to drove the positive trend and until the European session expected to remain strong responds powerful mover of the minor Italian retail sales data as well as the development of the political situation some large area member states.

Technically, EURUSD moved up to around 1.0590-1.0650 and however if the price failed to do that then price will do the vice versa with fall into the range of 1.0521-1.0471. And the analyst suggests that the normal range of EURUSD is estimated to have the support level at 1.0418 and the resistance level at 1.0649.

[myregister]

Euro exchange rate movements on Asia session is moving its rally against the US dollar after the price opened higher at 1.0612 in early trading, and Euro exchange rate is now rolling at around 1.0669. This morning the pair has managed to pass a range of strong resistance.

Euro into the Asia session tried to continue the rally since this weekend as respond to dollar position which being depressed and also waiting for ECB QE signal 2017 from Mario Draghi's speech in the European parliament. EURUSD rally could continue until the American session the deserted landing propulsion US dollars.

Generally, EURUSD may rise in the range of 1.0700-1.0749. But if it is not like that then EURUSD will be corrected to the range of 1.0573-1.0486. EURUSD pair is estimated to have the support level at 1.0448 and the resistance level at 1.0705.

[myregister]

Euro area exchange rate movements against the US dollar has edged past few days, in the middle of the European trading session was observed to still consolidating since trading opened on Tokyo session. ECB President Mario Draghi speech before parliament fails to provide power for the exchange rate of the region's currencies.

After the European markets opened, EURUSD could move positively respond to the release of some encouraging economic data. However, the consolidation of multiple data released such as Spanish inflation data, the price of imported German and French consumer spending increased, less able to fight the strong sentiment signals Fed rate hike in December by the US GDP data Q3-2016 tonight.

For the next trade until the close of trading ending the American session tomorrow morning, analyst viewed as technically that EURUSD pair could fall back to the range of 1.0564 - 1.0497. And if it is not until these ranges can climb back towards the range of 1.0638 - 1.0696 which act as supports.

[myregister]

Euro movements against the US dollar experiencing a consolidation on Asia session until the beginning of European session, moving in the red zone after earlier trading just slightly higher. EURUSD pair can not be lifted before this afternoon despite positive sentiment grew stronger after the release of some economic data area fairly encouraging.

Encouraging economic data releases euro since the beginning of the European session as German retail sales jumped significantly, inflation data in France and Italy were closed with inflation estimation data November inflation data which rose in line with expectations. Opening price traded at 1.0650 in early trade.

For the next trade until the close of trading ending the American session tomorrow morning, analyst viewed as technically EURUSD pair could fall back to the range 1.0600 - 1.0534 which is the today's support. And if it is not until these ranges can climb back towards the range 1.0674 - 1.0706.

[myregister]

A strong rebound of EURUSD pair since the beginning of the Asian trading session on Thursday (1/12) continues until this evening ahead of the American session. Power euro also gained against several of its main rivals such as sterling and swissfranc gained from the release of the PMI manufacturing data increased beyond expectations.

In addition to manufacturing data reported by the Markit PMI for the major countries as well as members of the Euro area, the euro exchange rate also grew stronger after the regional unemployment data released showed a decline in unemployment in November.

For the next trade until the close of American session tomorrow morning, analyst viewed as technically EURUSD pair could continue to rise to the range 1.0660 - 1.0718. And if it is not until these ranges may fall back towards the range 1.0570 - 1.0503.