During the last five days the currency exchange rate was trying to break through the bottom edge of a senior ascending channel.
Unfortunately for the Euro, the currency pair continues to fluctuate near the bottom edge of a senior ascending channel.
On Friday, the currency pair unexpectedly continued the fall after release of disappointing data about the US labour market.
Yesterday the currency rate expectedly failed to break through the combined support level and was forced to make a rebound.
Yesterday the currency pair continued to slip in a small descending channel, following an encouraging release of information on the US Preliminary GDP.
Yesterday the buck expectedly restored some of the lost positions thanks to release of the satisfying US CB Consumer Confidence data.
The currency pair is continuing to surge, using an upside momentum created by the Jackson Hole Symposium last Friday.
The effects of the Jackson Hole symposium have taken full effect on the EUR/USD pair.
The day of the yearly central banker meeting has come. Today the EUR/USD currency pair will surely be affected by the speeches of the heads of the central banks. However,
The EUR/USD forecast continues to be correct.
The common European currency continues to move in accordance with the descending channel pattern against the US Dollar.
The EUR/USD pair has reached higher and hit the upper trend line of the descending medium term pattern. However,
The common European currency continues to trade against the US Dollar in the medium term descending channel pattern.
During the last trading session the EUR/USD pair has acted rather unexpectedly, breaking the week long streak of precise forecasts.
The common European currency continues to trade against the US Dollar in the medium term descending channel pattern. Moreover,
The EUR/USD pair has reached another target, as it has bounced off the support line of the medium term ascending channel pattern. The forecasting of the pair's movements has been becoming increasingly easier during this week.
The common European currency continues to decline against the US Dollar in the recently adjusted channel down pattern.
During the second half of Friday's trading session the EUR/USD surprised some market participants, as the rate bounced out of the borders of the drawn descending patterns.
On Friday morning even more information is available in regards to the technical movements of the EUR/USD currency pair.
On Thursday morning the EUR/USD currency exchange rate was almost unchanged, compared to Wednesday's levels. However, loads of new information made forecasting easier.
The EUR/USD currency pair remained flat on Wednesday morning. However,
The common European currency has shown that there exists a medium term descending channel pattern on the EUR/USD charts.
The common European currency has broken out from the medium term ascending channel pattern against the US Dollar.
On Friday morning the common European currency was piercing the second weekly resistance, which was located at the 1.1880 mark.