The pair is on its way to the lower trend-line of the three-week channel at 1.1253 at first, and the 1.1.1280 three-month channel up for tests after that.
The Euro did not trade long squeezed in between two levels of significance against the US Dollar, as the rate broke out to the downside, and it is falling on Wednesday morning.
The Euro is trading almost flat on Tuesday morning against the US Dollar, as it is squeezed in between two clusters of significant levels.
On Monday morning the Euro is recovering after suffering heavy losses of almost 100 pips against the Greenback.
On early Friday morning, the Euro depreciated against the US Dollar, as the pair is trading above the weekly PP, which is located at 1.1233.
The common European currency is set up for a surge against the US Dollar, as the currency exchange rate faces no resistance in a 75 pip range.
The common European currency found support on Wednesday morning against the US Dollar, as the currency exchange rate rebounded against a combination of the long term channels lower trend line and the 20 and 100-day simple moving averages around the level of 1.1210.
The Euro remained flat against US Dollar on Tuesday morning, as the currency exchange rate has become stuck around the weekly PP at 1.1233.
The Euro opened Monday's trading session just above the weekly PP against the US Dollar, as the currency exchange rate faces no resistance up to the level of 1,1326.
The Euro gains strength against the US Dollar, as the currency exchange rate is surging on Friday.
The common European currency remained flat, as it lost all of the previous volatility due to the fact that the ECB rate decision will be published today at 11.45.
Once again the US Dollar has shown its weakness and depreciated against the common European currency. Due to that the currency exchange rate surged on Tuesday and continues the surge on Wednesday.
The common European currency is trading flat on Tuesday morning against the US Dollar, as the pair is without a clear direction before the EU GDP data for the second quarter of 2016.
The EUR/USD pair moved higher on Monday morning, as it reached a resistance cluster above.
The common European currency confirmed a channel upward pattern against the US Dollar on Thursday, as the rate rebounded against the pattern's lower trend line.
The Euro remains just above the support cluster comprised of the 55 and 200-day SMAs and the first weekly support level against the US Dollar.
The Euro has reached the first weekly support level at 1.1132 against the US Dollar, and at that level the rate rebounded on Wednesday morning.
The EUR/USD is fluctuating between two simple moving averages, as the markets still think about what direction is right for the pair after the Friday's Janet Yellen's speech.
The Euro depreciated against the US Dollar, as the Greenback gained strength due to Janet Yellen expressing that there might not only be one rate hike in 2016, but actually two rate increases.
The EUR/USD currency pair broke through the resistance put up by the weekly pivot point at 1.1281 by the end of Thursday's trading session, and the surge continues on Friday
On Thursday morning the EUR/USD pair is stuck between the monthly R1 at 1.1263 and the weekly PP at 1.1281, as the rate is waiting for new data to make a move.
The Euro reached the second monthly resistance against the US Dollar, as forecasted before. However, the currency exchange rate bounced off the level and began to fall, which continues into Wednesday.
The common European currency fell down to the support cluster below on Monday and rebounded against it, as the currency exchange rate continued to surge on Tuesday.
As it was forecasted before, the EUR/USD pair did not pass the resistance at 1.1353 on Friday, and it is moving lower on Monday.