Because of release of weak US housing data the Dollar failed to drag the Euro even below the weekly S1 at 1.1735.
Although the currency exchange rate failed to pass through the weekly S1 from the first attempt, the pair is still expected to move in the southern direction.
In result of the previous trading session, the currency rate broke through the 200-hour SMA.
Despite a release of worse than expected data, the currency exchange rate failed to surge above the monthly PP at 1.1875 and made a rebound.
In result of the previous trading session the currency pair made a successful breakout from a one-week long rising wedge pattern.
The Euro continued to gain value against the Dollar, as FOMC meeting minutes showed that there are still some uncertainties about the need of another interest rate hike this year.
The Euro continued to advance against the Dollar, as Catalan leaders decided to halt cessation from Spain in order to continue negotiations.
Due to release of better than expected German data as well as hawkish comments from the ECB official, the Euro continued to recover against the Dollar.
Despite a release of better than expected American labour data, the buck did not managed to break the lower support line of a falling wedge pattern.
Due to favourable fundamental background, the currency pair made a rebound slipped through the 100% Fibonacci retracement level again.
Unfortunately, none of the yesterday's fundamental events caused a substantial volatility in the markets.
Yesterday's trading session revealed that a breakthrough the 100% Fibonacci retracement level at 1.1715 was a false signal.
In result of the Catalan referendum and release of better than expected American manufacturing activity data, the pair broke through a combined support formed by the 100% Fibonacci retracement level and the updated weekly S1.
The Catalan referendum on independence financial markets met with expected negative reaction, which led to 0.3% depreciation of the Euro against the Dollar.
A pressure from the 100-hour SMA from the top and the weekly S2 from the bottom put the pair in a limbo near the 1.1790 mark.
As majority of pending orders are set to sell, the Greenback continues to appreciate against the Euro.
In result of the previous trading session, the currency pair reached the bottom trend-line of a medium-term descending channel.
Previous trading session was significant in the way that the pair made a breakout from a symmetrical triangle.
A victory of the Angela Merkel's party in German Parliamentary elections expectedly led to appreciation of the Euro against the American Dollar.
In line with expectations, the currency pair made a fully-fledged rebound from the bottom trend-line of a dominant ascending channel yesterday.
A decision of the Fed to start reducing the size of its $4.5 trillion asset portfolio led to breakout from the rising wedge pattern and resulted in 125 pips appreciation of the Greenback against the Euro just in one hour.
In result of the previous trading session, the pair made an expected breakout from an ascending triangle and confirmed an existence of another pattern.
As it was expected, the currency pair did not make any notable moves yesterday because of the pressure from various moving averages as well as the weekly PP.
Even though released information on the US Retail Sales did not justify experts' forecasts, the currency pair failed to break above resistance, which located in the 19.85-95 area.