The pair dipped under the 200-day SMA yesterday, which reinforces our near-term bearish outlook on the Euro.
The New Zealand Dollar too was able to almost completely recover from its intraday losses and end the day with a 12-pip loss.
At the end of the previous week the Greenback extended its rally against the Canadian Dollar, barely managing to break through the immediate resistance.
The AUD/USD currency pair managed to preserve the broadening rising wedge pattern last Friday, despite having fallen towards the third support level that day, namely the monthly PP.
On Friday the appeal for safe-haven assets caused the EUR/JPY to break the six-month support line of its bearish channel, but with the target support limiting the losses.
Even despite higher inflation figures, the US Dollar was unable to edge higher against the Japanese Yen on Friday.
A lot better-than-anticipated UK Retail Sales figures on Friday helped the Cable to overcome the 1.44 mark.
Although gold confirmed a breakout by bouncing off of the new support at 1,191.50, the bullion does not seem to be in a hurry to advance further north.
EUR/USD undergoes a downside correction within a bullish channel.
On Thursday the Greenback experienced a corrective rally against the Loonie, with volatility limited by the weekly S2 from the downside and the weekly S1 from the upside.
The Australian Dollar edged lower against its US counterpart on Thursday, driven by a mild decline in oil prices.
The Kiwi/Dollar currency pair experienced mild volatility on Thursday, eventually ending the day higher, just on top of the nearest resistance cluster.
The Yen's safe haven status pushed the given cross towards the immediate support cluster, among which, the channel's lower border was tested.
The bullion saw a renewal of the confident uptrend on Thursday.
Same as yesterday, the appeal for safe havens, such as the Japanese Yen, is relatively high.
Although the Cable edged closer to the resistance cluster around 1.44, it stabilised at lower at 1.4340.
Downside risks for the Euro are on the table, considering that EUR/USD has tumbled for a fifth day in a row on Thursday.
The Canadian Dollar overperformed on Wednesday, as the immediate support was breached, causing the USD/CAD to drop below 1.37.
A sudden rebound in oil prices caused the Aussie to regain the bullish momentum and even reach a fresh nine-day high yesterday.
The NZD/USD almost completely erased Tuesday's losses yesterday, but the immediate resistance proved to be impenetrable.
On Wednesday the European single currency edged below the 127.00 major level against the Japanese Yen, as supply at 127.43 proved to be too strong.
The daily chart has been showing mixed signals for several days in a row.
The US currency remained unchanged against the Japanese Yen on Wednesday, as demand at 113.88 proved to be sufficient to keep the pair elevated.
The Cable was able to almost completely recover from its intraday loss, as the FOMC minutes were interpreted as dovish.