The yellow metal is bouncing around just above the lower trend line of the medium term descending channel pattern.
On Monday morning the common European currency fluctuated around the 1.14 mark against the US Dollar.
On Friday morning the yellow metal remained near previous trading levels. Moreover, it could be seen that this almost flat trend might continue.
The common European currency has fulfilled the previous forecast against the US Dollar, as the rate has jumped.
The US private sector created less jobs than expected last month, suggesting that the labour market was cooling after oversized gains registered earlier.
The US private sector created less jobs than expected last month, suggesting that the labour market was cooling after oversized gains registered earlier.
For the third consecutive trading session the metal traded near the 1,225 mark on Thursday morning. However,
On Thursday morning the common European currency had regained some ground against the US Dollar, as it was expected. However,
New orders for US-made goods declined more than estimated for the second consecutive month in May, a worrisome sign for the manufacturing industry.
Services sector activity in the UK fell more than expected in June amid rising uncertainty surrounding the Brexit negotiations.
Manufacturing activity in Britain slowed unexpectedly last month, a private survey showed on Monday.
US manufacturing activity rose more than expected last month, official figures showed on Monday.
On Wednesday morning the yellow metal's price remained near the 1,225 mark. However, various new technical information had come in.
On Wednesday morning the common European currency remained above the support of the weekly pivot point against the US Dollar, as markets were expecting fundamental news.
The drastic fall of the bullion was stopped by support at the 1,220 mark. As a result a rebound commenced on Tuesday morning.
US manufacturing activity rose more than expected last month, official figures showed on Monday.
The common European currency had retreated against the US Dollar, as it overextended its gains.
Manufacturing activity in Britain slowed unexpectedly last month, a private survey showed on Monday.
The US economy expanded at a stronger-than-initially-expected pace in the March quarter amid higher consumer spending.
The UK economy showed a slow growth pace in the first quarter of the year, the weakest performance among European and G7 countries.
The bullion continues on its path lower. On Monday the commodity price confirmed the theory that the long term ascending channel pattern will be broken.
The EUR/USD currency pair has failed to pass the resistance of the 1.1450 mark. As a result of that, a decline has begun.
The US economy expanded at a stronger-than-initially-expected pace in the March quarter amid higher consumer spending.
The breakout of the triangle pattern has occurred. However, not in the expected direction.