On Thursday morning the common European currency slightly recovered against the US Dollar.
The decline of the bullion has extended itself even more than expected.
On Wednesday morning, the USD/JPY managed to break the upper trend line of a dominant descending pattern.
On Wednesday, the GBP/USD continued to decline. Moreover, the currency rate was preparing to reach for the next support level at the 1.2660 mark.
By the middle of Wednesday's trading session the EUR/USD pair had encountered support at the 1.1325 mark. However,
On Tuesday, the yellow metal slightly recovered after reaching below the 1,195.00 level
On Tuesday the USD/JPY currency exchange rate made an attempt to pass the combined resistance of a dominant descending pattern and the 23.60% Fibonacci retracement level.
On Tuesday morning it could be seen that the GPB/USD pair is doing a rebound after finding support in a pivot point.
On Tuesday the common European currency traded against the US Dollar near the previous day's levels.
On Monday, the long ago set target of the 1,200.00 mark was almost reached.
On Monday, the US Dollar lost more ground against the Japanese Yen.
On Monday, the GBP/USD currency exchange rate fluctuated near the 1.2750 mark. The reason for the almost horizontal trading was the support provided by a monthly pivot point at 1.2744
On Monday morning the common European currency booked a new low level, as the EUR/USD currency rate fell down to a support level at 1.1365.
The GBP/USD broke a significant long-term dominant descending channel during the morning hours of today's session.
Euro plunges due to ECB remarks on EU bank's exposure to the weak Turkish Lira.
On Friday morning the bullion managed to finally break free from the support of the hourly simple moving averages.
On Friday morning the USD/JPY currency pair traded near the 111.00 mark. Meanwhile,
On Thursday, the bullion's price continued to trade between the SMA's of the hourly chart.
Sterling continued it decline against the US Dollar.
On Thursday, the USD/JPY surged up to the 111.00 mark. Although, the currency exchange rate remained in the descending pattern that has guided the rate during August.
EUR/USD remained stable on Wednesday, as it was pressured from both sides by SMAs.
On Wednesday morning, it could be observed that the yellow metal's price traded between various SMA's in the zone between 1,211 and 1,217.
Due to the resistance provided by the various simple moving averages of the hourly chart, the dominant ascending channel pattern's lower trend line was broken on Wednesday.
The GBP/USD exchange rate remained stable on Wednesday, as it was pressured by the 55-hour SMA.