As the House and Senate managed to reach agreement on tax reform, the Dollar strengthened against the Euro.
Due to release of better than anticipated data on the US Core Retail Sales, the currency rate ended previous trading session near the 38.2% Fibonacci retracement level.
In result of the Federal Funds Rate hike the currency exchange rate surged by 0.5%.
The currency exchange rate continues to anticipate the upcoming Fed meeting via slowly fluctuating in a junior descending channel.
In result of previous trading session, the currency rate made a rebound from combined resistance formed by the weekly and monthly PP near the 1.1800 mark.
In result of previous trading session, the currency rate made a rebound from support zone located between the 1.1730 and 1.1722 marks.
During previous trading session the Dollar continued to gain value against the Euro, fluctuating in a junior falling wedge formation.
In result of the previous trading session the currency rate has formed the falling wedge formation.
Positive sentiment related to the upcoming talks between the US House and Senate pushed the rate to the monthly PP yesterday.
Despite the US Senate vote on tax reform, the Dollar did not manage to gain much value yesterday.
An admission of guilt by General Flynn led to short-term depreciation of the buck on Friday.
In result of the previous trading session, the currency rate made a rebound from the 200-hour SMA and began to surge towards the 1.1940 mark.
Most of the previous trading session the exchange rate spent in a limbo between the 1.1874 and 1.1837 levels.
In line with expectations, the release of better than expected American macro data as well as progress made on tax reform adoption led to strong appreciation of the buck.
Due to hawkish remarks made by the Fed Kaplan, the Dollar gained some momentum and dragged the pair back to the 55-hour SMA located at 1.19.
The common European currency is continuing to advance against the Dollar in an attempt to reach the 1.20 mark.
Previous trading session the currency rate expectedly spent in limbo between the 1.1860 and 1.1837 levels.
A release of the US macro data as well as the Fed Meeting Minutes led to rapid depreciation of the Dollar against all major currencies.
In result of the previous trading session, the currency rate slightly crossed the bottom boundary of a large ascending channel.
The currency exchange rate expectedly slipped to the bottom boundary of a dominant ascending channel.
The currency exchange rate is rise in a large ascending channel.
Previous trading session the currency rate expectedly spent in a limbo between the 38.2% and 50% Fibonacci retracement levels.
In result of a breakout from previously dominant large descending channel the exchange rate managed to climb to the 1.1850 level.
In result of an impulse provided by the positive German GDP data release, bulls took the lead and increased value of the Euro against the Dollar by more than 1.5%.