"The euro has been under pressure because of the political headlines. But I think that the euro has been pretty resilient especially versus the dollar. With all the political headlines, I would've expected it even lower." - Georgette Boele, ABN Amro Bank NV (based on Bloomberg) Pair's Outlook The EUR/JPY pair surprised with its performance yesterday, having closed trade with barely any losses
During the early hours of Wednesday's trading session the yellow metal was in its third consecutive session of losses, as the bullion's price retreated below the 1,250 mark and it even had touched the 1,242.42 level.
Trump's speech yesterday boosted the US Dollar, causing the USD/JPY currency pair to recover from its intraday low of 111.75.
Buck's strength caused the Cable to slide further down, breaching the strong demand cluster at 1.24.
The common European currency opened Wednesday's trading against the US Dollar near the 1.0575 level.
The Kiwi traded almost at the yesterday's opening price against the US Dollar by the middle of Tuesday's trading session.
During the first half of Tuesday's trading session the US Dollar continued the walk of victory against the Loonie.
Not only did the Aussie remain relatively unchanged against the US Dollar on Monday, but also remained flat through most of today as well.
The Euro appreciated against the Yen yesterday, with gains limited by the 100-day SMA, meaning that the immediate resistance was pierced.
The yellow metal on Tuesday morning was regaining some of the losses, which it suffered during Monday's trading.
There were no surprises in the USD/JPY pair's performance on Monday, being that the Buck easily outperformed the Yen, with volatility limited by the immediate resistance area.
Even though the Cable experienced another leg down on Monday, the support cluster around 1.24 managed to limit the losses and keep the pair elevated once again.
The common European currency continued to appreciate against the US Dollar during the early hours of Tuesday's trading session, and the currency exchange rate was positioned to continue to do so.
The New Zealand Dollar was in a retreat against the Greenback in the first half of Monday's trading session.
The US Dollar bounced between two levels of significance against the Canadian Dollar by the middle of Monday's trading session.
Friday ended with the Aussie Dollar declining against the US counterpart, which led to the breach of the six-week up-trend.
As was expected, the Euro weakened against the Yen on Friday, easily piercing the 119.00 major level and the immediate support.
During the last trading session the yellow metal stopped the jump, which was the result of a breakout out of a triangle pattern.
The less favourable for the US Dollar scenario prevailed on Friday, causing the pair to edge lower once again.
Friday ended with the Cable erased most of that week's gains, with the bearish momentum persisting through the weekend.
The common European currency started the week higher against the US Dollar than the Friday's closing price.
The Kiwi has reached the resistance cluster consisting of weekly R1 at 0.7239 and 20-day SMA at 0.7238, acting accordingly to yesterday's forecast.
During the last trading session the Loonie was able to breach the strong support cluster consisting of weekly R1, 200-day SMA and monthly PP located near the 1.3150 level.
Even though Thursday ended with the Aussie outperforming the Greenback, the rally was very limited, with the exchange rate experiencing difficulties breaching the immediate resistance circa 0.7735.