The EUR/USD forecast continues to be correct.
The common European currency continues to move in accordance with the descending channel pattern against the US Dollar.
The EUR/USD pair has reached higher and hit the upper trend line of the descending medium term pattern. However,
The common European currency continues to trade against the US Dollar in the medium term descending channel pattern.
During the last trading session the EUR/USD pair has acted rather unexpectedly, breaking the week long streak of precise forecasts.
The common European currency continues to trade against the US Dollar in the medium term descending channel pattern. Moreover,
The EUR/USD pair has reached another target, as it has bounced off the support line of the medium term ascending channel pattern. The forecasting of the pair's movements has been becoming increasingly easier during this week.
The common European currency continues to decline against the US Dollar in the recently adjusted channel down pattern.
During the second half of Friday's trading session the EUR/USD surprised some market participants, as the rate bounced out of the borders of the drawn descending patterns.
On Friday morning even more information is available in regards to the technical movements of the EUR/USD currency pair.
On Thursday morning the EUR/USD currency exchange rate was almost unchanged, compared to Wednesday's levels. However, loads of new information made forecasting easier.
The EUR/USD currency pair remained flat on Wednesday morning. However,
The common European currency has shown that there exists a medium term descending channel pattern on the EUR/USD charts.
The common European currency has broken out from the medium term ascending channel pattern against the US Dollar.
On Friday morning the common European currency was piercing the second weekly resistance, which was located at the 1.1880 mark.
On Thursday morning the common European currency traded almost flat against the US Dollar.
On Wednesday morning the EUR/USD currency pair remained near the 1.18 mark.
On Tuesday morning the EUR/USD currency exchange rate was in a retreat. However,
On Monday morning the common European currency had resumed its surge against the US Dollar.
After the jump of the EUR/USD currency exchange rate , which was caused by the FOMC Statement, the currency exchange rate has retreated.
The Federal Reserve has granted the EUR/USD with more force, as the rate has reached above the 1.1750 mark.
After encountering the 2015 high level the EUR/USD currency exchange rate began a retreat, which continued on during Wednesday morning hours.
The EUR/USD currency pair remained near the 1.1650 mark on Tuesday morning.
The surge provoked by Mario Draghi speech stopped near the 1.1681 level.