On Tuesday morning, the common European currency had retreated below the 1.1350 mark against the US Dollar.
Despite an extensive fall of the Kiwi during the first half of today's trading session, the pair did not manage to reach a combined support level formed by the 200-hour SMA at 0.7286 in conjunction with the bottom trend-line and the weekly S1 at 0.7277.
Beginning of the new month the USD/CAD met in a limbo between the 55-hour SMA from the top and the southern trend-line of a descending channel from the bottom.
The five-hour depreciation of the Aussie against the US Dollar in the early Monday resulted in the breakout from a recently formed descending channel.
The EUR/JPY managed to remain above the 2016 high level at 128.18 despite the breakout from an ascending channel.
On Monday morning, the yellow metal's price fell below the 1,240 mark.
USD/JPY demonstrated slight momentum sideways until mid-Friday when the pair surged up to the 112.60 mark.
GBP/USD was not able to maintain its upside momentum, resulting in a fall down to the 55-hour SMA.
As the 1.1450 mark held its ground against the surge of the Euro against the US Dollar on Friday, the pair traded lower on Monday morning.
Following the second test of the upper channel boundary, the Kiwi edged lower to the 200-hour SMA.
Downside risks have pressured USD/CAD for the last four trading days, resulting in a swift move from the lower boundary of a senior channel.
During the last trading days, AUD/USD was driven by strong upside momentum, resulting in a 121-pip jump.
The European common currency reached its 2017 high at 128.65 mid-Thursday.
Although it was possible that the metal's price will break out of the ascending triangle pattern to the upside, as it should have been in accordance with this pattern's theoretical framework that did not occur.
Following the massive plunge mid-Thursday, USD/JPY entered in a minor consolidation phase, thus being stranded between the 55– and 200-hour SMAs at 111.69 and 112.21, respectively.
Thursday's trading session was characterized by strong upside momentum that was stopped by the monthly R1 near the 1.3036 mark.
Due to the fact that the EUR/USD pair was not jumping in the free range up to the combined resistance of the monthly R2 at 1.1546 and the upper trend line of the massive scale descending channel pattern at 1.1550, a review of the short term situation was done.
The New Zealand Dollar continues to trade in line with expectations against the US Dollar.
The fall of the Greenback against the Canadian Dollar stopped in the second half of Wednesday's trading session.
The Australian Dollar seemed to have begun a retreat during the second half of Thursday's trading against the US Dollar.
The surge of the Euro continues on all pairs, in which the common European currency is involved.
A third attempt of the yellow metal to break through the resistance levels, which are located just above the 1,250 mark.
It can be observed that the USD/JPY currency pair did not increase its volatility massively during the panel discussion of the top central bankers. Instead the US Dollar once more attempted to break above the 112.40 mark against the Japanese Yen.
On the chart for the GBP/USD currency pair a surprise jump can be observed. The surge of the Pound was caused by comments made by the Bank of England Governor Mark Carney.