EUR/USD shoots up unexpectedly early on Wednesday.
EUR/USD is expected to remain in the 1.1660/1.1750 range today.
EUR/USD finds support at the 55-hour SMA early on Monday.
EUR/USD is likely to be affected by moving averages in this session.
A strong surge early on Thursday resulted in a breakout of the 200-hour SMA and a channel line.
The common European currency managed to regain some lost positions on Wednesday morning; strong resistance ahead.
Political uncertainty in Italy continues to weigh heavily on the common European curreny.
It seems that the 100-hour SMA at 1.1725 is likely to provide strong resistance in this session.
The common European currency still remains under pressure by the 55-hour SMA.
EUR/USD is targeting the 55- and 100-hour SMAs near 1.1760 early on Thursday; a breakout of this area should send the pair to 1.18.
The Euro remains restricted from the upside by the 55- and 100-hour SMAs for the third consecutive day.
A surge should follow if EUR/USD breaches the 100-hour SMA at 1.1790.
EUR/USD is likely to remain steady in this session.
A breakout of the 55-hour SMA should send the Euro towards the 1.1850 area.
The Euro's appreciation today is dependent on its ability to surpass the 55-hour SMA at 1.1850.
EUR/USD flashes mixed signals in this session.
A breakout from the narrow range between the 55- and 200-hour SMA is expected to determine the pair's direction in this session.
A strong support cluster that should limited EUR/USD is located near 1.1920.
EUR/USD is likely to remain bounded by the 55- and 200-hour SMAs today.
Technical indicators signal to bullish momentum today.
The 55- and 100-hour SMAs near 1.1920 likely to pressure the rate lower.
A breakout of the 55- and 100-hour SMAs is likely to be followed by a surge up to 1.20.
Even the 55-hour SMA was breached late on Thursday, the currency exchange rate had retreated back to the 1.1960 mark by the middle of the day.
The common European currency has not still gathered the necessary momentum to breach the 55-hour SMA.