During the second half of Friday's trading session the EUR/USD surprised some market participants, as the rate bounced out of the borders of the drawn descending patterns.
On Friday morning even more information is available in regards to the technical movements of the EUR/USD currency pair.
On Thursday morning the EUR/USD currency exchange rate was almost unchanged, compared to Wednesday's levels. However, loads of new information made forecasting easier.
The EUR/USD currency pair remained flat on Wednesday morning. However,
The common European currency has shown that there exists a medium term descending channel pattern on the EUR/USD charts.
The common European currency has broken out from the medium term ascending channel pattern against the US Dollar.
On Friday morning the common European currency was piercing the second weekly resistance, which was located at the 1.1880 mark.
On Thursday morning the common European currency traded almost flat against the US Dollar.
On Wednesday morning the EUR/USD currency pair remained near the 1.18 mark.
On Tuesday morning the EUR/USD currency exchange rate was in a retreat. However,
On Monday morning the common European currency had resumed its surge against the US Dollar.
After the jump of the EUR/USD currency exchange rate , which was caused by the FOMC Statement, the currency exchange rate has retreated.
The Federal Reserve has granted the EUR/USD with more force, as the rate has reached above the 1.1750 mark.
After encountering the 2015 high level the EUR/USD currency exchange rate began a retreat, which continued on during Wednesday morning hours.
The EUR/USD currency pair remained near the 1.1650 mark on Tuesday morning.
The surge provoked by Mario Draghi speech stopped near the 1.1681 level.
The ECB press conference has caused the markets to think that the Euro is strong as a bull.
The Euro continued to retreat against the US Dollar on Thursday morning. It seemed that the rate was at a short term cross point.
The common European currency had slightly retreated against the US Dollar on Wednesday morning, as it encountered resistance.
As it was expected and forecasted on the short term and long term charts, the EUR/USD is fluctuating above the 1.15 mark.
The common European currency is not losing value against the US Dollar, as it has been expected by some. The reason is
The common European currency on Friday traded near the previous session levels against the US Dollar. Nothing much had changed on larger timeframes. However,
The EUR/USD currency exchange rate is being dictated and thrown around by the fundamental events occurring in the markets.
The Euro broke out of the triangle against the US Dollar. However, it did not plummet, as it was forecasted.