The British currency ended last week with another rally, rebounding from intraday low and, thus, erasing all previous week's losses.
During the next few days EUR/USD is projected to develop sideways, owing to lack of fundamental drivers and low trading volume.
The yellow metal made no confident attempts to violate the July low and 20-day SMA on Wednesday.
The US Dollar suffered another loss against the Yen yesterday, due to another set of poor fundamental data.
Although the GBP/USD currency pair appreciated on Wednesday, the immediate resistance in face of the monthly S1 somewhat managed to prevent the price from returning inside the pattern's borders.
EUR/USD attempted to push itself below the weekly pivot point and monthly R1 around 1.09 on Wednesday.
The NZ Dollar appreciated for the third consecutive day yesterday, completely erasing last week's gains, but failing to stabilise above the weekly R1.
Despite poor readings of the US fundamentals yesterday, the immediate support managed to hold the losses at 1.3916, therefore, extending the USD/CAD consolidation trend for another day.
The Aussie outperformed its US counterpart on Tuesday, amid weak US fundamental data results.
The European currency managed to pierce the immediate resistance yesterday, but failed to reach the second target, namely the 55-day SMA.
The bullion ticked down in course of the trading session on Tuesday, after posting a confident rally on Friday and Monday.
Although the USD/JPY declined on Tuesday, the immediate support in face of the monthly S1 was able to hold the losses.
The Cable ignored rather weak US fundamentals yesterday, as bears took over the market after the UK Public Sector Borrowing results were published.
Another bullish trading session was registered by the most traded FX cross on Tuesday.
As technical studies suggested, the New Zealand Dollar extended its Friday's rally.
The American Dollar posted gains against its Canadian counterpart for another day on Monday, but volatility was still caged within the borders of the monthly R3 and the 2004 high.
The AUD/USD surprised with its performance yesterday, as it posted partially pierced through the immediate resistance cluster.
The European currency behaved in accordance with expectations on Monday, as the rally against the Yen was limited by the cluster around 132.30.
A rally, which commenced last Friday, has been successfully prolonged during the past 24 hours.
The US Dollar retreated from intraday gains on Monday, as an unexpected sell-off pushed the currency below the immediate support.
The Sterling failed to rebound yesterday, as it dropped below the 1.49 level and reconfirmed the falling wedge pattern's lower trend-line.
EUR/USD performed in a confident up-trend on Monday, although the day brought very few fundamental drivers.
There were no surprises in the NZD/USD's performance on Friday, with the pair stabilising at 0.6725, without even touching the nearest resistance in face of the monthly R1.
The USD/CAD was rather volatile at the end of last week, as the 2004 high was touched; however, the pair was unable to retake the level, as was anticipated.