The Euro is expected to make a bearish reversal near 1.1670 today.
A surge should follow if the 55- and 100-hour SMAs at 1.16 are breached.
The Euro still remains weak, thus trading near its one-year low.
The Euro remains trading in a short-term channel up.
EUR/USD remains weak near one-year low.
The Euro is calm this morning after the massive 2.28% plunge on Thursday.
The 55- and 100-hour SMAs could pressure the Euro higher today.
The strong plunge mid-Tuesday was stopped by the 200-hour SMA.
The Euro has fallen in a range between the 55-, 100- and 200-hour SMAs.
The Euro has accelerated against the US Dollar following a reversal from 1.1740 mid-Friday.
This session might be led by the 55-hour SMA.
The Euro still shows slight upside potential in this session.
EUR/USD shoots up unexpectedly early on Wednesday.
EUR/USD is expected to remain in the 1.1660/1.1750 range today.
EUR/USD finds support at the 55-hour SMA early on Monday.
EUR/USD is likely to be affected by moving averages in this session.
A strong surge early on Thursday resulted in a breakout of the 200-hour SMA and a channel line.
The common European currency managed to regain some lost positions on Wednesday morning; strong resistance ahead.
Political uncertainty in Italy continues to weigh heavily on the common European curreny.
It seems that the 100-hour SMA at 1.1725 is likely to provide strong resistance in this session.
The common European currency still remains under pressure by the 55-hour SMA.
EUR/USD is targeting the 55- and 100-hour SMAs near 1.1760 early on Thursday; a breakout of this area should send the pair to 1.18.
The Euro remains restricted from the upside by the 55- and 100-hour SMAs for the third consecutive day.
A surge should follow if EUR/USD breaches the 100-hour SMA at 1.1790.