As forecast, EUR/USD is again heading for the 1.1720 level.
EUR/USD has reached 1.1720 mark, as expected.
The EUR/USD has gained more, as it was previously expected.
The EUR/USD traded above 1.17 mark on Friday.
Prior to the ECB rate announcement and press conference the EUR/USD had managed to break a descending pattern.
On Wednesday, the EUR/USD was expecting the fundamental data during the middle of the day.
On Tuesday, the EUR/USD surged as expected.
On Monday, the EUR/USD broke the pattern of the daily chart.
On Friday the EUR/USD remained near previous day's levels.
The combined strength of the support levels near the 1.1550 mark managed to push the EUR/USD higher.
The EUR/USD declined down to the previous target and touched it, as it was expected previously.
On Tuesday, the EUR/USD plummeted and was set to continue its decline as low as the combined support of the weekly and monthly pivot points at the 1.1550 level.
The EUR/USD currency exchange rate fell down below the 1.16 mark at the end of last week, but began to recover on Monday.
The EUR/USD currency exchange rate has broken the ascending pattern. The event was expected due to a couple of factors.
On Thursday morning the EUR/USD pair was making attempts to find support near the 1.1690 mark.
After booking a new high level against the US Dollar, the common European currency was retreating on Wednesday.
On Tuesday the EUR/USD pair booked a new high level.
On Monday, the EUR/USD was trading in the range between 1.16 and 16.50 levels.
The Euro is stranded between the 55- and 100-hour SMAs in this session.
On Thursday, the EUR/USD currency exchange rate continued its retreat after bouncing off the resistance of the 1.16 mark.
On Wednesday, the EUR/USD pair had extended its surge. Moreover, the rate had touched the 1.16 mark during the morning hours of the day's trading session.
On Tuesday morning the EUR/USD pair was surging, as the break out, which was speculated on Monday had occurred.
On Monday morning the surge of the EUR/USD was stopped by the resistance of the 200-hour simple moving average.
On Friday morning the common European currency continued its slight recovery against the US Dollar.