The Euro started the week against the USD Dollar by reaching a new high level.
The recent short term breaking of a junior pattern has revealed more information to fully redraw the charts of the yellow metal.
On Thursday the USD/JPY currency pair revealed a medium term ascending pattern.
The short term pattern of the Pound against the US Dollar has been broken due to European politics.
The EUR/USD currency exchange rate has continued the previously started surge by booking a new high level on Friday.
The technical charts of the Bullion have been adjusted. One can see the new patterns that guide the metal.
On Thursday the USD/JPY currency pair revealed a medium term ascending pattern.
The previously drawn patterns of the GBP/USD pair have continued to push the currency exchange rate higher.
The EUR/USD currency exchange rate has surged and revealed a new medium term ascending pattern.
The bullion has surged ignoring all technical levels.
The surge of the USD/JPY has ended.
On Wednesday there were many developments in regards to the GBP/USD currency pair.
The common European currency has managed to pierce a long term resistance against the US Dollar.
On Tuesday morning the lower trend line of the descending channel pattern was broken.
The surge of the US Dollar against the Japanese Yen continued on Tuesday, as a new high level was reached.
The Pound's expected surge in the borders of a dominant descending channel pattern has not occurred due to the prevailing strength of another pattern.
On Tuesday, the EUR/USD pair retraced back up to the resistance, which reversed its previous surge.
On Monday, after failing to surge the bullion once more reached this year's low level near the 1,245.00 level.
On Monday, the USD/JPY currency exchange rate had retreated after booking a new high level.
The Pound's expected surge in the borders of a dominant descending channel pattern has not occurred due to the prevailing strength of another pattern.
The Euro bounced off the previously met resistance and declined down. However,
The yellow metal had paused its decline on Friday morning.
On Friday morning the USD/JPY currency exchange rate continued to surge, as it passed the resistance
The Euro is likely to find support near 1.16 in this session.