The EUR/USD has passed downwards, as expected. During the decline the rate had traded almost sideways near the weekly S1 at 1.1290 and the 1.1300 mark before eventually reaching the low level of 1.1270.
The EUR/USD has bounced off the resistance of 1.1380 level and fulfilled the forecast of declining down to the levels near 1.1300.
On Monday morning the EUR/USD was attempting to pass a strong resistance cluster at the 1.1380 level.
Previous forecast did not become reality. After a third attempt o reach above the resistance levels just above the 1.1400 mark, the EUR/USD plummeted.
By the middle of Thursday's trading session the EUR/USD currency exchange rate had remained near the 1.1400 mark.
The EUR/USD has given new information to technical chartists.
The surge of the EUR/USD continued for the third consecutive trading session on Friday.
The EUR/USD has continued to surge on Thursday.
The EUR/USD has bounced up to trade above the 1.13 mark.
As the EUR/USD extended its decline on Monday, the currency exchange rate reached the 1.1215 level and broke a large scale descending pattern.
The EUR/USD has passed below the 1.1300 mark.
Note that the hourly chart of EUR/USD has been updated.
After touching the 1.1500 mark the EUR/USD had retreated down to technical levels near the 1.1410 mark.
As the Democrats won dominance in the US House of Representatives in the yesterday's Congressional elections, the US Dollar lost value.
The rate did not decline on Monday, as it was expected.
On Monday, the EUR/USD traded near various technical levels of significance near the 1.1380 mark.
The surge of the EUR/USD continued on Friday, as the metal was approaching resistance levels, which were located near the 1.1460 mark.
On Thursday the EUR/USD bounced off the support levels near 1.1310.
After confirming the 1.1360 level as resistance, the EUR/USD declined and reached a new low level on Wednesday.
The EUR/USD has been beaten down by the combination of the 55 and 100-day simple moving averages.
On Monday morning the EUR/USD bounced off the support line of a large scale channel down pattern.
A new low level was reached by the EUR/USD on Friday, as the pair touched the 1.1360 mark.
The EUR/USD has broken the lower trend line of the ascending pattern and reached as low as the 1.1380 mark.
The EUR/USD has retreated to once more confirm the lower trend line of a dominant pattern.