Thursday's trading session did not introduce massive changes to the pair's movement, as bulls continued to dominate the yellow metal.
After bouncing off the 61.8% Fibo retracement at 1.1887 late on Wednesday, the broadly-base weakness of the US Dollar allowed the Euro to close Thursday's trading session with a 55-pip gain.
The strong momentum south that was driving the US Dollar early on Thursday stopped when the rate reached the monthly PP at 112.70.
Thursday's trading session was rather uneventful for British Sterling, as it remained fluctuating between the weekly R1 and the 1.3460 mark for the whole session.
The US Dollar has weakened against major currencies in this session, and the New Zealand Dollar is not an exception.
Despite attempts to reverse near the weekly S2 at 1.2645 on Wednesday, outside pressures continued affect the US Dollar negatively.
Upside risks continue to push the Australian Dollar even higher against its American counter for the fifth consecutive session.
The common European currency managed to reach a new peak mid-Wednesday when it made a reversal from the 134.94 mark.
As most financial instruments that are denominated against the US Dollar, gold prices have surged
The common European currency has gained ground against the US Dollar. The currency exchange rate on Thursday morning was approaching the 1.1940 mark.
The US Dollar extended its losses against the Japanese Yen for the fourth consecutive session.
The Sterling has strengthened against the US Dollar during the past two trading sessions.
Bullish pressures have allowed the New Zealand Dollar to appreciate against the Greenback during the previous 24 hours.
Downside risks started to prevail the market when USD/CAD hit the 55-hour SMA mid-Tuesday.
The Australian Dollar had maintained a rather stable position against the US Dollar for the last two trading sessions prior to accelerating up to the 0.7770 mark during the first part of Wednesday.
Following two sessions of minor consolidation, the Euro picked up some speed today and therefore approached a 2016/2017 high of 134.17 reached on December 21.
Despite existence of a strong resistance barrier formed by the monthly PP and the upper trend-line of a four-month long dominant descending channel the yellow metal continued to rally against the buck and managed to reach the weekly R1 at 1,283.37.
In line with expectations, first half of the previous trading session the currency rate spent in a limbo between the 55- and 100-hour SMAs and then slipped to the weekly PP at 113.10.
Yesterday's trading session did bring any notable changes, as expected.
In accordance with expectations, previous trading session the currency rate mostly spent fluctuating between support and resistance zones located near the 1.1848 and 1.1876 levels.
There are more than few developments on the NZD/USD currency pair.
On Friday the USD/CAD rate jumped on the release of fundamental news. Namely, the Canadian GDP came in lower than expected by the average forecast.
After the breaking of a dominant resistance level the AUD/USD pair stopped the surge on Tuesday. The reason for that is the weekly resistance, which is located at the 0.7725 mark.
The common European currency during the Christmas period has traded almost flat against the Japanese Yen. However, that seems to be at its end, as the pair is getting squeezed by two hourly simple moving averages.