On Friday morning the common European currency traded below the previously encountered resistance of the weekly PP at 1.0680 against the US Dollar.
The Euro is making an attempt to change its course against the Greenback. The rate began the rebound in the second half of Wednesday's trading.
The common European currency continues its way downwards against the Greenback, as the pair was in its fifth consecutive session of losses. In addition,
As forecasted the EUR/USD currency exchange rate found support on Monday. However,
As forecasted the EUR/USD currency exchange rate continues to decline, as the pair traded below the 1.0650 level on Monday.
The situation on the EUR/USD pair during the early hours of Friday's trading session was rather interesting, as a big move was about to occur.
The EUR/USD currency exchange rate was rather flat during the morning hours of Thursday's trading session. However, the currency exchange rate was more volatile to the downside, which indicated
The Euro continues its path against the US Dollar, as forecasted. The currency exchange rate paused its fall near a support cluster. However, most signs show that the rate is set to continue its path lower soon.
The common European currency was expected a long time to fall against the US Dollar. That day of a plummeting fall is today, as the pair fell almost 100 pips during the first half of Tuesday's trading session.
EUR/USD continued to respect the upper boundary of the senior descending channel at 1.0796 with a fail at the area which was strengthened by the 100-day SMA.
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.