http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/17/EUR/USD Current price: 1.2821 View Live Chart for the EUR/USD With no much behind the movement, the EUR/USD sunk to a fresh weekly low ahead of US opening, falling towards 1.2814 daily low as stops below 1.2840 got triggered. The hourly chart shows  a strong bearish momentum, and with price finally breaking below the consolidative range of the last couple of sessions, there’s scope for a downward continuation, eyeing the 1.2744 level, this year low. In the 4 hours chart indicators resumedFri, 17 May 2013 13:35:55 GMThttp://www.fxstreet.com/technical/analysis-reports/forex@fxstreet.com (FXstreet.com)http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/17/http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/16/02/EUR/USD Current price: 1.2875 View Live Chart for the EUR/USD A month ago, soft US data should have see dollar get smashed across the board: market would have bet QE would maintain its ad eternum status, running to buy risk. Not only movements against greenback had been shallow after the releases, but the dollar is getting a boost at the end of the American session, as FED Williams reiterate the Central Bank may start trimming facilities as soon as this summer. The EUR/USD erased all of itsThu, 16 May 2013 20:38:57 GMThttp://www.fxstreet.com/technical/analysis-reports/forex@fxstreet.com (FXstreet.com)http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/16/02/http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/16/EUR/USD Current price: 1.2904 View Live Chart for the EUR/USD Dollar is under short term pressure across the board, following disappointing data coming from the US: weekly unemployment rose to 360K, housing starts is down to 0.85M and CPI felt to -0.4%. EUR/USD surged up to 1.2918 on the back of news, although is having a hard time to sustain gains above the 1.2900 level ahead of US opening. The hourly chart shows indicators aiming higher near their midlines, and current candle above 20 SMA,Thu, 16 May 2013 13:31:06 GMThttp://www.fxstreet.com/technical/analysis-reports/forex@fxstreet.com (FXstreet.com)http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/16/http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/15/02/EUR/USD Current price: 1.2872 View Live Chart for the EUR/USD Not a good day for EUR: the common currency hit its lowest level in over a month against the greenback, testing 1.2841 on the back of disappointing GDP readings in France, Germany and the EU itself: he euro zone's economy contracted for the sixth straight quarter at marking its longest recession of the last 20 years. The fall in the pair however stalled after US also disappointing data on the manufacturing and industrial sectors:Wed, 15 May 2013 19:28:13 GMThttp://www.fxstreet.com/technical/analysis-reports/forex@fxstreet.com (FXstreet.com)http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/15/02/http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/15/EUR/USD Current price: 1.2870 View Live Chart for the EUR/USD The EUR/USD extended its slide to 1.2841 purely on dollar momentum early Europe, although managed to bounce some on the back on discouraging US data: PPI is down to -0.7% while Empire manufacturing index printed a quite discouraging -1.4. The EUR/USD however, holds around 1.2880, strong midterm support level, so far unable to recover above it. A daily close lower, should indeed discourage even further buying interest, and put theWed, 15 May 2013 13:32:16 GMThttp://www.fxstreet.com/technical/analysis-reports/forex@fxstreet.com (FXstreet.com)http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/15/http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/14/02/EUR/USD Current price: 1.2938 View Live Chart for the EUR/USD Dollar ends the day higher across the board, with US indexes closing at new all time highs, and 10-year yields above 1.95%, something unthinkable a couple months ago: such strength in stocks should have lead to strong dollar selloff mounted on risk sentiment. But things are changing: market is turning more and more dollar bullish, as smart money moves to the US. Anyway, the EUR/USD traded as low as 1.2930 so far today, and despiteTue, 14 May 2013 19:34:33 GMThttp://www.fxstreet.com/technical/analysis-reports/forex@fxstreet.com (FXstreet.com)http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/14/02/http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/14/EUR/USD Current price: 1.2961 View Live Chart for the EUR/USD The EUR/USD traded as high as 1.3129 this Tuesday although sellers remain in charge, as price quickly retraced to sub 1.30 levels pretty fast. However, the 1.2935 low set past week continues to hold the downside and the pair ranges again around 1.2970, strong Fibonacci level. The hourly chart shows 20 SMA slightly higher although flat, with price developing below it, and indicators flat below their midlines, reflecting the lack ofTue, 14 May 2013 13:43:07 GMThttp://www.fxstreet.com/technical/analysis-reports/forex@fxstreet.com (FXstreet.com)http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/14/http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/13/02/EUR/USD Current price: 1.2970 View Live Chart for the EUR/USD The EUR/USD approaches the end of this Monday, having barely moved away from its weekly opening around 1.2970. With sellers aligned around 1.300 and 1.2935, past Friday low holding the downside, the EUR/USD hourly chart reflects the lack of direction of the pair, as indicators stand flat in neutral territory, while 20 SMA is also flat around current levels. In the 4 hours chart, 20 SMA maintains a strong bearish slope above currentMon, 13 May 2013 19:23:49 GMThttp://www.fxstreet.com/technical/analysis-reports/forex@fxstreet.com (FXstreet.com)http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/13/02/http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/13/EUR/USD Current price: 1.2970 View Live Chart for the EUR/USD Better than expected US Retail sales data, is giving a lift to greenback across the board: the EUR/USD falls to fresh daily lows after failing to regain 1.3000 over European hours, although held above 1.2935, past week low and immediate support. The hourly chart shows 20 SMA turning flat around 1.2970, which stands also for the 23.6% retracement of the daily fall from 1.3710 to 1.2744, and price holding around the level  afterMon, 13 May 2013 13:44:19 GMThttp://www.fxstreet.com/technical/analysis-reports/forex@fxstreet.com (FXstreet.com)http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/13/http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/12/EUR/USD Current price: 1.2975 View Live Chart for the EUR/USD Trading sub 1.30, the EUR/USD opens the weekly slightly lower, trading around key 1.2970 level, 23.6% retracement of its latest daily fall. Improved US data and rising yields, along with USD/JPY finally breaking above 100.00, gave the market a reason to wake up, and dollar was the overall winner: the greenback has challenged some major levels across the board last Friday. The EUR/USD fell to 1.2935, although remains hovering aroundSun, 12 May 2013 21:54:37 GMThttp://www.fxstreet.com/technical/analysis-reports/forex@fxstreet.com (FXstreet.com)http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/12/http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/10/EUR/USD Current price: 1.3002 View Live Chart for the EUR/USD Dollar gains extend across the board this Friday, regardless fundamentals and headlines: buy the greenback is the name of the game, with USD/JPY leading the way. The EUR/USD fell as low as 1.2977, base of its latest range, and struggles to hold around 1.3000 ahead of the US opening: the hourly chart shows a strongly bearish 20 SMA above current price, currently around 1.3030 offering short term resistance, while indicators retreatFri, 10 May 2013 12:57:18 GMThttp://www.fxstreet.com/technical/analysis-reports/forex@fxstreet.com (FXstreet.com)http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/10/http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/09/04/EUR/USD Current price: 1.3037 View Live Chart for the EUR/USD The EUR/USD saw a 100 pips quick slide in this American afternoon, triggered by a strong upward momentum in greenback, as USD/JPY broke above 100.00. Regardless the wild moves across the board, the EUR/USD manages to hold above the base of this past months range, respecting the 1.30/1.32 levels. However, this move has definitely put bears back on alert mode, and further slides may come along the way, with a break below 1.2970, 38.2%Thu, 09 May 2013 19:59:55 GMThttp://www.fxstreet.com/technical/analysis-reports/forex@fxstreet.com (FXstreet.com)http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/09/04/http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/09/EUR/USD Current price: 1.3100 View Live Chart for the EUR/USD The EUR/USD trades lower this Thursday, with dollar gathering a strong upward momentum across the board, on positive employment data and rising US yields. The hourly chart maintains a short term negative outlook, as price develops below 20 SMA, while indicators head south below their midlines, while in the 4 hours chart 20 SMA turned flat around current 1.3115 becoming immediate resistance level. As long as below this area the pairThu, 09 May 2013 13:53:48 GMThttp://www.fxstreet.com/technical/analysis-reports/forex@fxstreet.com (FXstreet.com)http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/09/http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/08/02/EUR/USD Current price: 1.3154 View Live Chart for the EUR/USD It is no news stocks in US are trading again at record high, but is the lack of follow trough in the forex market should be to say the least, disturbing. The EUR/USD has surged back again above 1.3100, but an approach to the 1.3200 area has again attracted sellers, and had spent most of the American afternoon retreating from mentioned high.  Ahead of the Asian opening, the hourly chart shows indicators easing from overboughtWed, 08 May 2013 20:08:13 GMThttp://www.fxstreet.com/technical/analysis-reports/forex@fxstreet.com (FXstreet.com)http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/08/02/http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/08/EUR/USD Current price: 1.3161 View Live Chart for the EUR/USD The EUR/USD surges this Wednesday, finding support again in positive German data, along with rising stocks: DAX trades at record highs, US futures hold to recent gains. Upward momentum accelerated once price broke above 1.3115, having been so far as high as 1.3174 ahead of US opening. The hourly chart shows a strong upward momentum as 20 SMA gains bullish slope below current price, while in the 4 hours chart technical readings alsoWed, 08 May 2013 13:29:27 GMThttp://www.fxstreet.com/technical/analysis-reports/forex@fxstreet.com (FXstreet.com)http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/08/http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/07/EUR/USD Current price: 1.3079 View Live Chart for the EUR/USD The EUR/USD remains well anchored to its range, and seems there are is not much to do about it: a daily run up to 1.3131 after much better than expected German factory orders was quickly erased with US opening, in a risk-turn-around move across all boards. Stocks turned negative, dollar accelerated higher, and gold fell towards $ 1441/oz. It did not take long however, before US stocks bounced strongly up to fresh record highs,Tue, 07 May 2013 20:02:49 GMThttp://www.fxstreet.com/technical/analysis-reports/forex@fxstreet.com (FXstreet.com)http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/07/http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/06/02/EUR/USD Current price: 1.3076 View Live Chart for the EUR/USD The EUR/USD was hit after the US opening, when Mario Draghi in a press conference in Rome, stated that the ECB is ready to cut rates again if necessary. After a dull European session that saw the pair trading in a 20 pips range for most of a day, the news put the common currency under pressure, sending EUR/USD to the 1.3050 price zone. Bounce after the low was again supported by US stocks that hold at record highs as the day comesMon, 06 May 2013 20:06:42 GMThttp://www.fxstreet.com/technical/analysis-reports/forex@fxstreet.com (FXstreet.com)http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/06/02/http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/06/EUR/USD Current price: 1.3114 View Live Chart for the EUR/USD Uneventful European session so far with London off, sees majors trapped in a tight range, with the EUR/USD hovering in the 1.3100/40 area, lacking technical definitions so far today.  The hourly chart shows price testing a flat 20 SMA around 1.3115, while indicators hold in neutral territory, while the 4 hours chart also presents a neutral stance, although 20 SMA heads south above current price offering short term resistanceMon, 06 May 2013 13:16:43 GMThttp://www.fxstreet.com/technical/analysis-reports/forex@fxstreet.com (FXstreet.com)http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/06/http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/05/EUR/USD Current price: 1.3120 View Live Chart for the EUR/USD The EUR/USD starts the week slightly higher, trading above 1.3100 after Friday US employment figures up beat expectations and sent local share markets to fresh all time highs. Initial dollar gains were erased by high yielders demand, leaving the EUR/USD finally unchanged from pre news level. As a new week starts, the hourly chart  shows a slightly positive tone, with price above 20 SMA and indicators in positive territory,Sun, 05 May 2013 22:47:04 GMThttp://www.fxstreet.com/technical/analysis-reports/forex@fxstreet.com (FXstreet.com)http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/05/http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/03/EUR/USD Current price: 1.3124 View Live Chart for the EUR/USD The EUR/USD continues mounted in a roller coaster, nose diving to 1.3032 where it set a double floor with yesterday low, on up beating US employment figures. US stocks soared along with the news, and current session is all about risk appetite: dollar gains have been completely reversed by European currencies, with the EUR/USD breaking back above 1.3115, now short term support. Technically, the hourly chart is bullish, with 1.3150Fri, 03 May 2013 14:17:35 GMThttp://www.fxstreet.com/technical/analysis-reports/forex@fxstreet.com (FXstreet.com)http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/03/http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/02/02/EUR/USD Current price: 1.3064 View Live Chart for the EUR/USD Market was all about ECB this Thursday, with the EUR/USD holding pretty well around 1.3200 after a 0.25% rate cut and Draghi dovish statement. But when during the press conference he said that the Central Bank was “technically ready” to cut deposit rates to negative, the pair succumbed and fall as low as 1.3036 before bouncing slightly higher. While in the bigger picture, the pair maintains the range and trades in the 1.30/1.32Thu, 02 May 2013 21:38:27 GMThttp://www.fxstreet.com/technical/analysis-reports/forex@fxstreet.com (FXstreet.com)http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/02/02/http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/02/EUR/USD Current price: 1.3078 View Live Chart for the EUR/USD The ECB cut rates by 0.25% as expected, and the EUR/USD maintained the positive tone, posting intraday gains above the 1.3200 level, and looking for an upward continuation. However, failure to overcome 1.3225 resistance, and Draghi’s words regarding the possibility of negative rates was enough to trigger a selloff in the pair towards current daily lows. The fact is that the bank did not announced negative rates, and barelyThu, 02 May 2013 13:53:37 GMThttp://www.fxstreet.com/technical/analysis-reports/forex@fxstreet.com (FXstreet.com)http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/02/http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/01/03/EUR/USD Current price: 1.3184 View Live Chart for the EUR/USD Despite the strong upward momentum seen in European currencies this Wednesday, the upward continuation is not a done deal: both EUR and GBP failed to overcome key Fibonacci resistances after testing them, and retrace amid falling stocks ahead of US close. FED economic policy decision, resulted in a not that dovish stance, as the Central Bank did not offered any review to the economic outlook, while granted more or less QE as needed,Wed, 01 May 2013 20:09:23 GMThttp://www.fxstreet.com/technical/analysis-reports/forex@fxstreet.com (FXstreet.com)http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/01/03/http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/01/EUR/USD Current price: 1.3214 View Live Chart for the EUR/USD The EUR/USD surged to a fresh 2-month high during thin European markets, posting 1.3241 before easing some ahead of the US opening. American indexes along with commodities are trading in negative territory after the opening bell, favoring a small dollar recovery that anyway maintains the red across the board. The EUR/USD hourly chart shows price consolidating right below the 50% retracement of its latest daily fall around 1.3225,Wed, 01 May 2013 13:50:57 GMThttp://www.fxstreet.com/technical/analysis-reports/forex@fxstreet.com (FXstreet.com)http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/05/01/http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/04/30/02/EUR/USD Current price: 1.3168 View Live Chart for the EUR/USD Pretty interesting Tuesday, as EUR/USD broke higher, reaching 1.3185 before stalling. Month end fixing and some short covering gave the pair the first push higher, before disappointing US PMI data and headlines stating an ECB rate cut is not a done deal, fuel the rally. US stocks running and closing at fresh record highs by the end of the day, helped the pair maintain its gains, with buyers now around 1.3150, 100 DMA. With not muchTue, 30 Apr 2013 21:22:10 GMThttp://www.fxstreet.com/technical/analysis-reports/forex@fxstreet.com (FXstreet.com)http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/04/30/02/http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/04/30/EUR/USD Current price: 1.3085 View Live Chart for the EUR/USD Market expectations on upcoming Central Banks decisions, are keeping majors in tight ranges, with the EUR/USD trading today in between 1.3040 and 1.3120. The hourly chart shows a slightly bearish tone prevailing, as indicators hold below their midlines and price below its 20 SMA, although only below 1.3040 the pair may gather some bearish momentum. In the 4 hours chart technical readings are also flat, and will probably remain soTue, 30 Apr 2013 13:31:49 GMThttp://www.fxstreet.com/technical/analysis-reports/forex@fxstreet.com (FXstreet.com)http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/04/30/http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/04/29/02/EUR/USD Current price: 1.3094 View Live Chart for the EUR/USD EUR/USD managed to post some daily gains this Monday, being however unable to break above the top of its recent range, and having tested it by the pip: sell orders clustered in the 1.3115 Fibonacci resistance prevent the pair from advancing, and US session was again, all about consolidating.  As Asian session begins, the hourly chart shows price holding above its 20 SMA while indicators ease towards there midlines, still inMon, 29 Apr 2013 22:33:18 GMThttp://www.fxstreet.com/technical/analysis-reports/forex@fxstreet.com (FXstreet.com)http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/04/29/02/http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/04/29/EUR/USD Current price: 1.3088 View Live Chart for the EUR/USD The EUR/USD reached key resistance area at 1.3115, retracing from the top of these last two weeks range, helped by an overall optimism across the boards.  The hourly chart shows 20 SMA heading strongly up below current price, while indicators stand in positive territory, although with no strength at the time being. In the 4 hours chart there’s a slightly bullish tone as indicators head higher above their midlines, yet holdingMon, 29 Apr 2013 13:49:06 GMThttp://www.fxstreet.com/technical/analysis-reports/forex@fxstreet.com (FXstreet.com)http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/04/29/http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/04/28/EUR/USD Current price: 1.3056 View Live Chart for the EUR/USD Euro gaps to the upside with the weekly opening with not much behind the movement, but the usual thin volume. The pair maintains its range, and the short term upward momentum sees price still below 1.3075 area, which stands as immediate resistance ahead of stronger Fibonacci level at 1.3115. Technical readings present a slightly bullish tone, both in 1 and 4 hours charts, although latest range will likely see sellers appearing onSun, 28 Apr 2013 22:38:10 GMThttp://www.fxstreet.com/technical/analysis-reports/forex@fxstreet.com (FXstreet.com)http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/04/28/http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/04/26/EUR/USD Current price: 1.3017 View Live Chart for the EUR/USD The EUR/USD maintains the neutral stance regardless what’s going on around the world today, weighted by increasing confidence in a rate cut by ECB next week. US advanced GDP reached 2.5% a pretty good number showing growth, yet below market expectations of 3.1%. Anyway, stocks are higher, and dollar lower against most of its rivals, which suggests the downside for EUR/USD will remain limited by 1.2970/1.3000 price zone. However,Fri, 26 Apr 2013 14:01:52 GMThttp://www.fxstreet.com/technical/analysis-reports/forex@fxstreet.com (FXstreet.com)http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/04/26/http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/04/25/02/EUR/USD Current price: 1.3012 View Live Chart for the EUR/USD Long day with loads of data, headlines and large moves, ended up with the EUR/USD closing again around the 1.3000 area. The European morning was dominated by optimism, after the UK avoided a triple dip recession with a quarterly positive GDP reading: the EUR/USD run to a daily high of 1.3092, where selling interest resumed, and the pair retraced as investors began to price in a rate cut next week. Better than expected US weeklyThu, 25 Apr 2013 22:11:00 GMThttp://www.fxstreet.com/technical/analysis-reports/forex@fxstreet.com (FXstreet.com)http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/04/25/02/http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/04/25/EUR/USD Current price: 1.3036 View Live Chart for the EUR/USD The EUR/USD rose as high as 1.3092 this Thursday, mounted on better than expected data across the world: early Europe, increasing UK GDP diluted fears of a triple dip recession for the country, while US weekly unemployment claims improved to 339K. Still the pair has found sellers near the 1.3100 level, retracing most of its early gains and trading back below 1.3040. The hourly chart shows 20 SMA around the level and price breakingThu, 25 Apr 2013 13:39:51 GMThttp://www.fxstreet.com/technical/analysis-reports/forex@fxstreet.com (FXstreet.com)http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/04/25/http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/04/24/02/EUR/USD Current price: 1.3013 View Live Chart for the EUR/USD A fresh weekly low, this time at 1.2954, was not enough to trigger further sells in the EUR/USD, that managed to recover from the level, back to current 1.3000 area where it stands. Back and forth, the pair has spent most of the last sessions struggling around the level, looking heavy as market players had already priced in a probable rate cut next week, regardless will hardly mean anything for anyone. Fundamental data both sides ofWed, 24 Apr 2013 21:41:07 GMThttp://www.fxstreet.com/technical/analysis-reports/forex@fxstreet.com (FXstreet.com)http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/04/24/02/http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/04/24/EUR/USD Current price: 1.2987 View Live Chart for the EUR/USD The EUR/USD trades back below the 1.30 mark, having already reached a daily low of 1.2954 on disappointing IFO readings early Europe. Latest slide however, comes from US data, as Durable Goods orders fell well below expectations, putting some pressure on stocks after yesterday impressive rally. The hourly chart shows price below 20 SMA and indicators heading lower getting into negative territory, while in the 4 hours chart technicalWed, 24 Apr 2013 13:51:38 GMThttp://www.fxstreet.com/technical/analysis-reports/forex@fxstreet.com (FXstreet.com)http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/04/24/http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/04/23/02/EUR/USD Current price: 1.3000 View Live Chart for the EUR/USD Long day across the world this Tuesday, with another round of disappointing PMI’s in Europe, a bogus tweet reporting an attack to the White House, and overwhelming earning reports in the US that sent US indexes strongly up, erasing a good part of last week fall. And despite the strong risk appetite, the EUR/USD ends the day to the downside, having been unable to recover after PMI readings. The pair tested a low around 1.2970, whichTue, 23 Apr 2013 21:37:30 GMThttp://www.fxstreet.com/technical/analysis-reports/forex@fxstreet.com (FXstreet.com)http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/04/23/02/http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/04/23/EUR/USD Current price: 1.3012 View Live Chart for the EUR/USD Hit by worse than expected PMI’s particularly among the “strongest” economies of the area, Germany and France, the EUR nose dived early Europe, reaching against the greenback a daily low of 1.2972. The level stands for the 23.6% retracement of the latest daily fall, and offered some short term support, although the bounce has now extended above 1.3000, as local share  markets are strongly up, which at this point  limitsTue, 23 Apr 2013 13:44:28 GMThttp://www.fxstreet.com/technical/analysis-reports/forex@fxstreet.com (FXstreet.com)http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/04/23/http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/04/22/02/EUR/USD Current price: 1.3062 View Live Chart for the EUR/USD The EUR/USD bounced once again from the base of its range, having been as low as 1.3016 early US session, as risk aversion dominated boards. Stocks recovery mid American session saw the pair recover up to current levels, still limited in the short term by 1.3070 static resistance zone. The hourly chart shows little upward momentum at the time being, with price above 20 SMA and indicators flat around their midlines, while in the 4Mon, 22 Apr 2013 22:40:37 GMThttp://www.fxstreet.com/technical/analysis-reports/forex@fxstreet.com (FXstreet.com)http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/04/22/02/http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/04/22/EUR/USD Current price: 1.3022 View Live Chart for the EUR/USD Risk to the downside increases for the EUR/USD as the pair approaches latest low of 1.3001 posted last April 17th. With not much fundamental data behind and US Existing Home sales in a couple hours, the pair has been under selling pressure since early European opening, weighted by ECB’s Constancio comments regarding a possible rate cut from ECB next month. The hourly chart shows price well below 20 SMA while indicators head southMon, 22 Apr 2013 13:26:27 GMThttp://www.fxstreet.com/technical/analysis-reports/forex@fxstreet.com (FXstreet.com)http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/04/22/http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/04/21/EUR/USD Current price: 1.3061 View Live Chart for the EUR/USD The EUR/USD gapped to the upside with the opening, as yen weakness dominates the board again, helping EUR advance against most rivals. However, the pair is far from showing bullish aims, trading below its 20 SMA in the hourly chart and with indicators flat around their midlines. Overall, range persists in the pair, trapped in between 1.3020 and 1.3150 areas, and unless a clear break either way, trend will have to wait. In theSun, 21 Apr 2013 22:58:10 GMThttp://www.fxstreet.com/technical/analysis-reports/forex@fxstreet.com (FXstreet.com)http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/04/21/http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/04/19/EUR/USD Current price: 1.3107 View Live Chart for the EUR/USD Markets remain extremely sensitive to headlines, with the EUR/USD jumping to a daily high of 1.3116 after German FM Schaeuble stated the ECB should reduce liquidity in euro area, although sellers around the strong Fibonacci resistance sent price nearly 50 pips lower pretty fast. Another headline suggesting the ECB will not rush into a rate cut sent the pair back above 1.3100 where it stands. The hourly chart shows price findingFri, 19 Apr 2013 13:47:08 GMThttp://www.fxstreet.com/technical/analysis-reports/forex@fxstreet.com (FXstreet.com)http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2013/04/19/