The Euro remains just above the support cluster comprised of the 55 and 200-day SMAs and the first weekly support level against the US Dollar.
The Euro has reached the first weekly support level at 1.1132 against the US Dollar, and at that level the rate rebounded on Wednesday morning.
The EUR/USD is fluctuating between two simple moving averages, as the markets still think about what direction is right for the pair after the Friday's Janet Yellen's speech.
The Euro depreciated against the US Dollar, as the Greenback gained strength due to Janet Yellen expressing that there might not only be one rate hike in 2016, but actually two rate increases.
The EUR/USD currency pair broke through the resistance put up by the weekly pivot point at 1.1281 by the end of Thursday's trading session, and the surge continues on Friday
On Thursday morning the EUR/USD pair is stuck between the monthly R1 at 1.1263 and the weekly PP at 1.1281, as the rate is waiting for new data to make a move.
The Euro reached the second monthly resistance against the US Dollar, as forecasted before. However, the currency exchange rate bounced off the level and began to fall, which continues into Wednesday.
The common European currency fell down to the support cluster below on Monday and rebounded against it, as the currency exchange rate continued to surge on Tuesday.
As it was forecasted before, the EUR/USD pair did not pass the resistance at 1.1353 on Friday, and it is moving lower on Monday.
The Euro met with resistance against the US Dollar at 1.1353, which it is not capable of passing, as the currency exchange rate reached the monthly R2 on Thursday.
The Euro has slowed down its surge against the US Dollar, as the currency exchange rate encountered resistance put up by the weekly R2 at 1.1302.
The EUR/USD pair is struggled to find support in the first monthly resistance level at 1.1263 by 6:00 GMT. However, the rate is most likely to continue the surge.
The EUR/USD continued to surge on Tuesday, as the pair moved past the 1.12 mark. Previously, the Euro fell and bounced off the weekly PP against the US Dollar on early Monday morning.
The Euro fell and bounced off the weekly PP against the US Dollar on early Monday morning. Previously, the currency exchange rate surged
The common European currency depreciated on Thursday, as it encountered resistance near the weekly R1 at 1.1197.
The common European currency is slightly depreciating against the US Dollar on Thursday, as the pair has encountered resistance.
After finding support in the 200-day SMA and staying near that level for almost two days, the EUR/USD pair rebounded and surged on Tuesday and Wednesday.
The Euro found support against the US Dollar in the 200-day SMA on Monday, and the pair is still almost exactly at the SMAs level at 1.1079 on Tuesday.
The common European currency fell against the US Dollar on Friday, as the US Non-Farm Payrolls data was released.
The common European currency found support in the monthly PP at 1.1107 in the evening of Thursday, and it moved higher afterwards against the US Dollar.
The Euro has erased all of its week's gains against the US Dollar, as the currency pair fell to 1.1150, and keeps moving lower.
The Euro was depreciating on Wednesday morning, as profit taking most likely is occurring after the previous surge on Tuesday.
The common European currency slightly surged on Tuesday morning after a decline by the end of Monday's session.
The common European currency is trading flat on Monday morning, as markets await for PMI Manufacturing data from Europe and the US.