The expected bounce off did not occur during Monday's trading session. However, it seems to have begun on Tuesday.
The common European currency is beginning a short term retreat against the US Dollar, as on Monday morning the pair encountered a resistance level, against which it bounced off.
EUR/USD took up where it left off on Thursday's session by gaining some pips and posting a small green candle on the morning part of the session.
Following two consecutive volatile sessions, EUR/USD acted according to plan and did not manage to weigh below the 55-day SMA of 1.0616.
The EUR/USD currency exchange rate has hit a resistance level and started to decline. As a result
The common European currency is one more attempting to break out of the medium term ascending channel, in which it has been against the US Dollar since the middle of December.
The EUR/USD currency exchange rate retreated on Monday and fell down to trade near the 1.06 mark. The move lower occurred due to a
The common European currency continued to surge above the 1.06 mark against the Greenback during Friday hours. However, after the large volatility experienced before, Friday's fluctuations were lot lesser.
During Trump's speech the EUR/USD currency exchange rate fell down to the 1.0454 mark. However, on Thursday it hit a new record high. Trump has once more provided excellent volatility to profit from.
After encountering the upper trend line of the medium scale ascending channel against the US Dollar on Tuesday, the Euro began to depreciate. The process continued into Wednesday.
The common European currency once more confirmed the upper trend line of the medium term ascending channel against the US Dollar.
The common European currency traded below the 1.0550 mark on Monday morning against the US Dollar, as the currency exchange rate had retreated during Friday's trading session.
The common European currency retreated on Friday morning against the US Dollar, as the currency exchange rate encountered the resistance line of a medium-term ascending channel at near 1.0610.
EUR/USD acted as expected until the end of Wednesday's trading session, but then extended the rally further than forecast.
Following increased volatility on Tuesday, Wednesday opened green for EUR/USD, showing less volatility as markets await the FOMC meeting minutes' release at 19:00 GMT.
EUR/USD opened with a small green candle, possessing decent upside volatility and lacking it on the downside.
EUR/USD opened on the edge of the upper boundary of the channel down pattern it has been following for about two months.
The common European currency experienced a flash jump against the US Dollar, as the currency exchange rate jumped to 1.0653 mark. The catalyst for the move was
The EUR/USD currency exchange rate surged on Thursday morning, as it once more reached the 2015 low level at 1.0462. However, if compared with the whole previous week, something interesting happened.
The common European currency attempted to break higher on Wednesday morning against the US Dollar. However,
The EUR/USD currency exchange rate remained flat on Tuesday morning.
The common European currency was squeezed in against the Greenback from a technical perspective.
The common European currency continued its rebound against the US Dollar on Friday morning. However, during the Thursday's trading session there was a jump to the upside, which might have triggered a lot of short stop losses.
The common European currency surged on Thursday morning and met with resistance against the US Dollar.