The EUR/USD currency exchange rate is being dictated and thrown around by the fundamental events occurring in the markets.
On Wednesday, the Chair of the US Federal Reserve Janet Yellen testified on the Semi-annual Monetary Policy Report before the House Financial Services Committee in Washington DC.
The unemployment rate in Britain declined unexpectedly, while the jobless claimant count was little changed, thus missing analysts' expectations.
The bullion follows the path, which has been forecasted.
The Euro broke out of the triangle against the US Dollar. However, it did not plummet, as it was forecasted.
US private companies showed a stronger-than-expected job growth in June, indicating that the labour market continued strengthening further.
Output in the UK manufacturing industry dropped unexpectedly over the month in May, suggesting that the country's economic growth continued to weaken.
As it was expected, the metal's price has rebounded against the lower trend line of the descending channel pattern.
The EUR/USD pair has not left the previous range. However, a new short term pattern reveals important information.
US private companies showed a stronger-than-expected job growth in June, indicating that the labour market continued strengthening further.
Output in the UK manufacturing industry dropped unexpectedly over the month in May, suggesting that the country's economic growth continued to weaken.
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.