EUR/USD has reached 1.1720 mark, as expected.
The EUR/USD has gained more, as it was previously expected.
The EUR/USD traded above 1.17 mark on Friday.
Prior to the ECB rate announcement and press conference the EUR/USD had managed to break a descending pattern.
On Wednesday, the EUR/USD was expecting the fundamental data during the middle of the day.
On Tuesday, the EUR/USD surged as expected.
On Monday, the EUR/USD broke the pattern of the daily chart.
On Friday the EUR/USD remained near previous day's levels.
The combined strength of the support levels near the 1.1550 mark managed to push the EUR/USD higher.
The EUR/USD declined down to the previous target and touched it, as it was expected previously.
On Tuesday, the EUR/USD plummeted and was set to continue its decline as low as the combined support of the weekly and monthly pivot points at the 1.1550 level.
The EUR/USD currency exchange rate fell down below the 1.16 mark at the end of last week, but began to recover on Monday.
The EUR/USD currency exchange rate has broken the ascending pattern. The event was expected due to a couple of factors.
On Thursday morning the EUR/USD pair was making attempts to find support near the 1.1690 mark.
After booking a new high level against the US Dollar, the common European currency was retreating on Wednesday.
On Tuesday the EUR/USD pair booked a new high level.
On Monday, the EUR/USD was trading in the range between 1.16 and 16.50 levels.
The Euro is stranded between the 55- and 100-hour SMAs in this session.
On Thursday, the EUR/USD currency exchange rate continued its retreat after bouncing off the resistance of the 1.16 mark.
On Wednesday, the EUR/USD pair had extended its surge. Moreover, the rate had touched the 1.16 mark during the morning hours of the day's trading session.
On Tuesday morning the EUR/USD pair was surging, as the break out, which was speculated on Monday had occurred.
On Monday morning the surge of the EUR/USD was stopped by the resistance of the 200-hour simple moving average.
On Friday morning the common European currency continued its slight recovery against the US Dollar.
On Thursday morning the common European currency slightly recovered against the US Dollar.