The EUR/USD currency exchange rate began Friday's trading session below the weekly R1, and at first glance it seemed that the pair is set to fall. However,
On Thursday morning the common European currency scored gains against the US Dollar. However, its possibility to gain additional ground was being halted by a trend line.
After hitting a long term descending channel's upper trend line on Tuesday, the EUR/USD currency exchange rate retreated during the early hours of Wednesday's trading session.
The common European currency attempted to break through the resistance put up by the weekly PP against the US Dollar at 1.0794 more than once during Tuesday's morning hours.
The common European currency started the week higher against the US Dollar than the previous close on Friday. However, during the morning hours of Monday's trading
On early Friday morning the EUR/USD currency exchange rate was struggling near the weekly PP, which is located at 1.0666.
On Thursday morning the EUR/USD currency exchange rate was still positioned for a fall. However,
On Wednesday morning the EUR/USD currency exchange rate continued its path lower, as the closest support level was located at 1.0666.
The expected bounce off did not occur during Monday's trading session. However, it seems to have begun on Tuesday.
The common European currency is beginning a short term retreat against the US Dollar, as on Monday morning the pair encountered a resistance level, against which it bounced off.
EUR/USD took up where it left off on Thursday's session by gaining some pips and posting a small green candle on the morning part of the session.
Following two consecutive volatile sessions, EUR/USD acted according to plan and did not manage to weigh below the 55-day SMA of 1.0616.
The EUR/USD currency exchange rate has hit a resistance level and started to decline. As a result
The common European currency is one more attempting to break out of the medium term ascending channel, in which it has been against the US Dollar since the middle of December.
The EUR/USD currency exchange rate retreated on Monday and fell down to trade near the 1.06 mark. The move lower occurred due to a
The common European currency continued to surge above the 1.06 mark against the Greenback during Friday hours. However, after the large volatility experienced before, Friday's fluctuations were lot lesser.
During Trump's speech the EUR/USD currency exchange rate fell down to the 1.0454 mark. However, on Thursday it hit a new record high. Trump has once more provided excellent volatility to profit from.
After encountering the upper trend line of the medium scale ascending channel against the US Dollar on Tuesday, the Euro began to depreciate. The process continued into Wednesday.
The common European currency once more confirmed the upper trend line of the medium term ascending channel against the US Dollar.
The common European currency traded below the 1.0550 mark on Monday morning against the US Dollar, as the currency exchange rate had retreated during Friday's trading session.
The common European currency retreated on Friday morning against the US Dollar, as the currency exchange rate encountered the resistance line of a medium-term ascending channel at near 1.0610.
EUR/USD acted as expected until the end of Wednesday's trading session, but then extended the rally further than forecast.
Following increased volatility on Tuesday, Wednesday opened green for EUR/USD, showing less volatility as markets await the FOMC meeting minutes' release at 19:00 GMT.
EUR/USD opened with a small green candle, possessing decent upside volatility and lacking it on the downside.