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.
The common European currency found a support and is planning to resume a movement in the upward direction against the American Dollar.
The common European currency is continuing to depreciate against the US Dollar in the previously established descending channel pattern.
The common European currency stopped its fall on Friday and began a surge, which lasted into Monday. However,
The stagnation has ended. The EUR/USD currency exchange rate is following in the previously established patterns.
The expected stagnation of the pair did not occur, as a sudden dip downwards had occurred. However, it seems that the rate
On Wednesday morning it seemed like the EUR/USD currency exchange rate has decided upon stagnating until the middle of Thursday's trading.
The expected surge of the Euro against the Greenback began on Monday. However, it did not manage to extend its gains into Tuesday.
On Monday morning the EUR/USD currency pair slightly declined. However, there were various signs of an upcoming surge.
On Friday morning the EUR/USD currency exchange rate remained in the range of the previous trading session.
After scoring gains on Wednesday the EUR/USD currency exchange rate bounced off from the resistance, which is put up by the weekly R1 at the 1.1248 level.
On Wednesday morning the EUR/USD currency exchange remained below the strong resistance cluster near the 1.1190 mark. However,
As it was forecasted on Monday, the common European currency is depreciating against the US Dollar, as weak support levels are easily passed.
The EUR/USD currency exchange rate seems to be beginning the expected decline. However, that is still to be seen.
The Euro has returned against the US Dollar to the same level, where the week was started.
The fundamental results of the Wednesday's trading session were rather neutral. Due to that reason the Euro has returned to its previous path.
Wednesday's trading session is set to be all about fundamental events. Meanwhile, technical charts
The EUR/USD currency exchange rate was already above the 1.12 mark, as Angela Merkel made comments publicly in regards to the monetary policy of ECB and pushed the currency exchange rate even higher.
After reaching the 1.12 mark the EUR/USD currency exchange rate has paused its surge.
After a session of consolidation and suffering some losses on Thursday, on Friday morning the common European currency was regaining its lost ground against the US Dollar.
The Euro has stopped the surge against the US Dollar. However, it also has a strong enough support to not give up a lot of ground.
The long term ascending channel has been broken. The currency exchange rate is scoring new gains, as it reaches above the 1.11 mark.