Note that the hourly chart of EUR/USD has been updated.
After touching the 1.1500 mark the EUR/USD had retreated down to technical levels near the 1.1410 mark.
As the Democrats won dominance in the US House of Representatives in the yesterday's Congressional elections, the US Dollar lost value.
The rate did not decline on Monday, as it was expected.
On Monday, the EUR/USD traded near various technical levels of significance near the 1.1380 mark.
The surge of the EUR/USD continued on Friday, as the metal was approaching resistance levels, which were located near the 1.1460 mark.
On Thursday the EUR/USD bounced off the support levels near 1.1310.
After confirming the 1.1360 level as resistance, the EUR/USD declined and reached a new low level on Wednesday.
The EUR/USD has been beaten down by the combination of the 55 and 100-day simple moving averages.
On Monday morning the EUR/USD bounced off the support line of a large scale channel down pattern.
A new low level was reached by the EUR/USD on Friday, as the pair touched the 1.1360 mark.
The EUR/USD has broken the lower trend line of the ascending pattern and reached as low as the 1.1380 mark.
The EUR/USD has retreated to once more confirm the lower trend line of a dominant pattern.
The EUR/USD has retreated to once more confirm the lower trend line of a dominant pattern.
The EUR/USD trades between the 200-hour and the 55-hour SMAs.
The EUR/USD has punched through the strong support cluster at 1.1460.
On Thursday morning the EUR/USD had plummeted down to the 1.1480 mark.
The EUR/USD has booked a new high level by touching the 1.1620 mark.
The rate has continued to trade near the 1.16 mark.
On Monday morning EUR/USD remained near previous day's trading levels.
The EUR/USD has reached the targeted level at 1.1610.
The surge of the EUR/USD continued on Thursday.
On Wednesday, the EUR/USD was trading in limbo around the 1.15 mark.
The EUR/USD is booking new low levels, as