The pair is likely to be squeezed in narrow range; a possible trading range is 1.2350/10.
The 1.23 area should be watched carefully, as the bottom boundary of the senior channel is located there.
A reversal from a down-trend near the March high of 1.2467 could point to a possible decline during the following sessions.
The Greenback strengthened against its European counterpart, following the US core durable goods orders data released on Friday.
The Greenback strengthened against its European counterpart, following the US core durable goods orders data released on Friday.
The Euro strengthened against the Greenback, following the release of the EU trade balance report.
The Euro strengthened against the Greenback, following the release of the EU trade balance report.
The Euro strengthened against the Greenback, following the release of the EU trade balance report.
The Euro strengthened against the Greenback, following the release of the EU trade balance report.
The Greenback weakened against the European single currency, following the release of the US building permits report.
The Greenback fluctuated based on the releases of the controversial reports from the Federal Reserve Bank of New York and Philadelphia and the US Department of Labour on Thursday.
The Greenback strengthened against the single European currency, following the release of US retail sales report.
The Greenback weakened against the single European currency, following the release of US consumer price index data.
The Greenback fluctuated based on the releases of the controversial reports from Bureau of Labour Statistics on Friday.
The Greenback fluctuated based on the releases of the controversial reports from Bureau of Labour Statistics on Friday.
The Greenback rose against its European counterpart following the release of the ADP report on non-farm payrolls for February.
The Greenback rose against its European counterpart following the release of the ADP report on non-farm payrolls for February.
The EUR/USD currency pair was not strongly exposed to the influence of fundamentals on Monday.
The ISM Manufacturing PMI release presented a stronger-than-anticipated data, causing a further Dollar strengthening and a subsequent down move in the EUR/USD exchange rate.
The ISM Manufacturing PMI release presented a stronger-than-anticipated data, causing a further Dollar strengthening and a subsequent down move in the EUR/USD exchange rate.
The ISM Manufacturing PMI release presented a stronger-than-anticipated data, causing a further Dollar strengthening and a subsequent down move in the EUR/USD exchange rate.
The Euro was little changed against the Greenback, following the release of the preliminary US Q4 economic growth.
Durable goods orders report was one of the weakest currency triggers on Tuesday; in fact, it could not compete with the Fed Chair Powell testimony, making the overall sentiment hovering in limbo.
The European single currency slightly increased against the Greenback, following the final consumer price index report released last Friday.