The euro staged in yesterday's trading the breakdown of a multi-day support at 1.4372 U.S. dollars, making the currency pair, the first broad sideways range has to leave. This break, however, was very timid and stopped first at 1.4329 U.S. dollars. Subsequent to consolidation led back to the course to support and short-term downtrend line, where he also recorded the hour (07:04 clock). In the daily chart the currency pair is still within an intact upward trend, which is currently consolidated in the "normal" context. Impetus for the further price development, could potentially provide today's economic data:
12:00 EUR German Industrial Production in June
14:30 USD Unemployment in July
14:30 USD ex agricultural workers in July
14:30 USD hourly wages in July

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The euro moved against the U.S. Dollar in yesterday's trading sideways in a range of about 60 pips. The limitation on the upper side is 1.4431 and on the bottom at 1.4372. The prices achieved in the course of today's trading a short-term uptrend line that has existed since 07/30/09. The decisive impulse for the further price development, but should take place at 13:45 clock, with the publication of the ECB meeting results:
12:00: EUR industrial new orders in June
13:45: EUR ECB meeting results
14:30: EUR PK for ECB council meeting
14:30: USD Weekly Jobless Claims weeks

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Since the euro was marked on Monday the new yearly high of 1.4444 U.S. dollars, the currency pair consolidates with decreasing volatility in a range of about 60 pips sideways. New impulse to bring the economic numbers are released today:
11:00 EUR Retail Sales
13:00 USD MBA Mortgage Applications
14:15 USD ADP jobs report
16:00 USD ISM services index
16:00 USD Factory Orders

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The euro was last overcome the previous annual high of 1.4337 and marked by an increase of 238 pips a new annual high of 1.4444 U.S. dollars. This new high was reached yesterday evening around 19:00 clock - has since consolidated the currency pair. The uptrend is still intact. The next price target on the top could be the high of December 2008 was 1.4717 U.S. dollars. For today's price development, the following economic news of importance:
11:00 EUR producer price index
14:30 USD core rate of consumer spending
14:30 USD Personal Expenses
16:00 USD Pending Home Sales

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The euro managed a strong rebound last Friday, to below the resistance area at 1.4290. This was initially a sideways consolidation before the price today for the start of trading, the resistance and also could test 1.4300 again. Is the euro against the U.S. dollar now to continue, I see the next support in the range of 1.4140. Influence on the further course development, could now take the publication of the following economic data:
08:00 EUR German Retail Sales
10:00 EUR PMI Industry
16:00 USD ISM Manufacturing Index

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The euro has in yesterday's trading against the U.S. dollar may stabilize first, and was traded in a range between 1.4008 and 1.4095 U.S. dollars. During the Asian session the EUR managed a further rally up to the range of a - since May of this year - repeatedly tested resistance at 1.4138 U.S. dollars. The price trend may now be influenced by economic news following:
11:00 EUR CPI y / y
11:00 EUR Unemployment rate in June
14:30 USD GDP second Quarter
14:30 USD labor costs 2 Quarter
15:45 USD Chicago Purchasing Managers' Index

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In yesterday's trading, the euro against the U.S. dollar once again yielded significantly, reaching -187 pips for the day's low at 1.4007. The several days of sideways range (in hour chart) was therefore abandoned and the sustainable rate over the past two days, can be inferior to an already downward trend line. During the Asian session, there was a rally of about 60 pips, which ended at the first trend line. Should give the price further, I see the next support at the low of 1.3911 at 14:07:09. The following dates may now influence the direction the course:
09:55 EUR German labor market data July
14:30 USD Weekly Jobless Claims (week)

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The euro has crashed downright against the U.S. dollar in yesterday's trading, with -174 pips. First, the high at 1.4300 could be tested again before a steep price decline was up to the day's low at 1.4130. In Asian trading, the euro could solve some of this depth and increase by about 30 pips. Become of the once narrow sideways range of about 70 pips, now seems a much more range of about 160 pips to be. The following events may affect the price development today:
13:00 USD MBA Mortgage Applications
14:30 USD Durable Goods Orders (MoM)
16:30 USD Crude Oil Inventories
20:00 USD Beige Book

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The euro was yesterday the opposition of the U.S. dollar at 1.4250 - which has existed since 20:07:09 - rise significantly, and initially to overcome the high of 1.4297 at 23:07:09. Here failed the course and fell back among the resistance, but without falling below the previous low (daily low yesterday). Thus, in the hourly chart, the conditions are given for an upward trend, which can now been unsuccessful in a trend line. The following appointments today could affect the price development of the EUR / USD:
15:00 USD S & P / CS Composite-20 HPI y / y
16:00 USD CB Consumer Confidence
18:35 USD FOMC Member Yellen Speaks
22:45 USD Treasury Sec Geithner Speaks

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The euro seems to have its sideways movement against the U.S. dollar to continue first. In Asian trading, the currency pair formed a reversal bar (RB) at the bottom of the sideways range since then, rising again (hourly chart). The next price target will probably be the top of the range in the area around 1.4250. The daily chart of the euro is still to be seen in an intact uptrend. The recent upward movement, which ended at 1.4291, was consolidated with a 38.2% retracement and last Friday, the price movement in the direction of the trend initially resumed.
The following events may affect the price development today:
EUR GfK German Consumer Climate 08:00
M3 Money Supply 10:00 EUR y / y
16:00 USD New Home Sales

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