The Euro still shows slight upside potential in this session.
EUR/USD shoots up unexpectedly early on Wednesday.
EUR/USD is expected to remain in the 1.1660/1.1750 range today.
EUR/USD finds support at the 55-hour SMA early on Monday.
EUR/USD is likely to be affected by moving averages in this session.
A strong surge early on Thursday resulted in a breakout of the 200-hour SMA and a channel line.
The common European currency managed to regain some lost positions on Wednesday morning; strong resistance ahead.
Political uncertainty in Italy continues to weigh heavily on the common European curreny.
It seems that the 100-hour SMA at 1.1725 is likely to provide strong resistance in this session.
The common European currency still remains under pressure by the 55-hour SMA.
EUR/USD is targeting the 55- and 100-hour SMAs near 1.1760 early on Thursday; a breakout of this area should send the pair to 1.18.
The Euro remains restricted from the upside by the 55- and 100-hour SMAs for the third consecutive day.
A surge should follow if EUR/USD breaches the 100-hour SMA at 1.1790.
EUR/USD is likely to remain steady in this session.
A breakout of the 55-hour SMA should send the Euro towards the 1.1850 area.
The Euro's appreciation today is dependent on its ability to surpass the 55-hour SMA at 1.1850.
EUR/USD flashes mixed signals in this session.
A breakout from the narrow range between the 55- and 200-hour SMA is expected to determine the pair's direction in this session.
A strong support cluster that should limited EUR/USD is located near 1.1920.
EUR/USD is likely to remain bounded by the 55- and 200-hour SMAs today.
Technical indicators signal to bullish momentum today.
The 55- and 100-hour SMAs near 1.1920 likely to pressure the rate lower.
A breakout of the 55- and 100-hour SMAs is likely to be followed by a surge up to 1.20.
Even the 55-hour SMA was breached late on Thursday, the currency exchange rate had retreated back to the 1.1960 mark by the middle of the day.