After a large fall during Thursday's trading session the common European currency has found support against the US Dollar on Friday morning.
The decline of the Euro against the US Dollar has extended into Thursday's trading session. Various clues indicate that the currency exchange rate is about to fall even lower
The fall of the EUR/USD currency exchange rate continued to decline on Wednesday morning. The rate was set to reach the support provided by the weekly PP at 1.0780 and the monthly R1 at 1.0772.
On Tuesday morning the common European currency was in a retreat against the US Dollar, as market participants seem to be consolidating positions in the aftermath of fundamental events.
The common European currency fluctuates against the US Dollar above the 1.0850 mark. The reason for that was the fundamental fall of the Greenback, as Donald Trump's healthcare bill was not voted on in the US.
During the early hours of Friday's trading session the Euro lost ground against the US Dollar, as the currency exchange rate passed the support provided by the monthly R1.
During the early hours of Thursday's trading session the common European currency continued a retreat against the US Dollar, which had begun on Wednesday.
The Euro has paused its surge against the Greenback at the weekly R1, which is located at the 1.0814 level. It still remains to be seen whether
As forecasted before, the common European currency broke the resistance of the monthly R1 against the US Dollar during the morning hours of Tuesday's trading session.
The common European currency continues to attempt to score more ground against the Greenback, as the currency exchange rate is located below the monthly R1, which stands firm at 1.0772 level.
After consolidating during the early hours of Thursday's trading session, the EUR/USD pair revealed its course. It is going even higher on Friday.
The common European currency jumped against the US Dollar on fundamental news from the Fed and the elections in the Netherlands. Due to that reason on Thursday morning the pair is consolidating.
From both technical and fundamental perspectives the currency exchange rate is set to fall by the end of the day
The surge of the Euro against the Greenback reversed itself during Monday's trading session, and the decline of the rate continue into Tuesday's trading.
During the early hours of Monday's trading session the common European currency extended its gains against the US Dollar, as the currency exchange rate reached above the 1.07 mark.
The expected reversal of the EUR/USD currency exchange rate has occurred, as the pair has bounced upwards and already erased this week's losses.
During the early hours of Thursday's trading session the common European currency depreciated against the US Dollar, and the currency exchange rate declined below the weekly S1, which is located at the 1.0533 level.
During the early hours of Wednesday's trading session the common European currency had stopped the depreciation against the US Dollar. However,
The common European currency has moved just as forecast, as the EUR/USD currency exchange rate has rebounded against the support provided by the weekly PP, which is located at 1.0582 level.
The Euro traded above the 1.06 mark against the US Dollar on Monday morning, as the currency exchange rate skyrocketed on Friday on fundamental information coming from the US monetary policy makers.
The common European currency was in a rebound against the US Dollar, as it found support just below the 1.05 level. However, the technical analysis part, no matter how precise, has to be abandoned for the day
The yellow metal continues on its path lower against the US Dollar. Although the fall was expected to be sharper, it seems that the US Dollar is taking its time,
The common European currency regain its losses during Tuesday's trading. However, in the aftermath of reaching the weekly R1 at 1.0630, the rate began to fall, forming a descending pattern.
The common European currency seemed to be set out to regain its losses suffered on February 20 against the US Dollar. However,