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.
The EUR/USD pair has not left the previous range. However, a new short term pattern reveals important information.
On Monday morning the common European currency fluctuated around the 1.14 mark against the US Dollar.
The common European currency has fulfilled the previous forecast against the US Dollar, as the rate has jumped.
On Thursday morning the common European currency had regained some ground against the US Dollar, as it was expected. However,
On Wednesday morning the common European currency remained above the support of the weekly pivot point against the US Dollar, as markets were expecting fundamental news.
The common European currency had retreated against the US Dollar, as it overextended its gains.
The EUR/USD currency pair has failed to pass the resistance of the 1.1450 mark. As a result of that, a decline has begun.
On Friday morning the common European currency remained against the Greenback rather flat, compared to the closing price of Thursday. However,
In the most recent speech of the ECB President he attempted to quell the surge of the Euro against other currencies by stating that he was misunderstood. However, that had only a minor effect.
Although Draghi already propelled the Euro into the sky on Tuesday, the ECB President has scheduled a public speech also for Wednesday. That is the main focus of the day.
On Tuesday the EUR/USD currency pair continued to fluctuate between the levels, which squeezed it in on Monday morning.
On Monday morning the EUR/USD currency exchange rate flirted with the 1.12 mark. However, the currency exchange rate failed to pass the resistance levels, which are located at that mark.
The common European currency remains near Thursday's levels against the US Dollar. However, new information is available due to the most recent fluctuations of the currency exchange rate.
The common European currency managed to find support against the US Dollar, in the support cluster, which has been described before.
The Euro has reached the levels of support against the US Dollar, as forecasted. Meanwhile, the future seems clear.
The common European currency is trading against the US Dollar, as expected. The pair has retreated down to the 1.1150 mark.
After a short period of consolidation on Friday the EUR/USD currency exchange rate resumed to decline on Monday, as the pair encountered a strong resistance cluster.
The common European currency has pierced the support of the medium term ascending channel against the US Dollar.
After a massive increase in volatility the EUR/USD pair traded back near the levels of the previous trading sessions.