By the middle of Wednesday's trading session the EUR/USD pair had encountered support at the 1.1325 mark. However,
On Tuesday the common European currency traded against the US Dollar near the previous day's levels.
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.
Euro plunges due to ECB remarks on EU bank's exposure to the weak Turkish Lira.
EUR/USD remained stable on Wednesday, as it was pressured from both sides by SMAs.
The common European currency is gradually gaining strength against the US Dollar as the pair reached the 1.1625 mark during the morning hours of Wednesday's session.
EUR/USD remained relatively calm during the morning hours of today's session.
Decline for the currency pair continues on Monday morning.
The EUR/USD reveals new junior descending channel on Friday.
The Eurozone single currency continues to depreciate against the US Dollar. The exchange rate has reached near a significant support level near the 1.1680mark.
The EUR/USD currency exchange rate was stranded between SMAs and pivot points during the morning hours.
The currency exchange rate is gradually moving towards a resistance set by the weekly pivot point near the 1.1732 mark.
EUR/USD relatively calm during the Asian session.
Downside potential is still apparent for EUR/USD in this session.
The Euro is approaching weekly resistance at 1.1750.
Bearish momentum should still be the dominant force today.
Technical indicators suggest that bears might continue dominate the pair today.
The Euro has remained stable against the Greenback this morning, as the pair has approached a strong resistance cluster.
It is likely that the strong resistance cluster near 1.17 pressures the Euro back lower today.
The combined resistance of the 55-, 100- and 200-hour SMAs should limit gains above 1.17 during the following trading sessions.
The Euro is likely to accelerate from the 200-hour SMA.
A surge is expected to follow if the 200-hour SMA at 1.17 is breached.
The Euro has extended its retreat against the US Dollar more than it was expected.
The resistance provided by various resistance levels on the daily and hourly charts has proven itself strong enough to push the EUR/USD currency exchange rate lower.