The common European currency seems to have finally met a worthy resistance level against the US Dollar.
The Euro traded in a tight range with reduced volatility against the US Dollar in the aftermath of the French election. However, that is about to change.
The first round of the French election has revealed no large surprise. However, the reaction is magnificent.
After a notable jump on Thursday the EUR/USD pair has retreated to trade back below the weekly R2. However, clues indicate that the surge will continue on Friday.
On Thursday morning the EUR/USD currency exchange rate made attempts to break through a significant resistance level, and it looked like it will succeed in its efforts.
The Euro has reached new heights against the US Dollar. However, resistance has been encountered by the currency pair.
On Tuesday the EUR/USD currency exchange rate was about to be squeezed in between two levels of significance. However clues indicated that the pair will surge eventually.
On Monday morning the common European currency fluctuated around a notable cluster of significance without a clear direction. However,
The gains of the Euro against the US Dollar during the surprise jump of this week have been erased. Moreover, the pair shows signals of an upcoming decline.
A surprise has occurred and forced the rebound of the Euro against the US Dollar to occur much stronger and faster than it was expected previously.
The common European currency remained almost flat against the US Dollar near the 1.06 mark on Wednesday morning in the wake of previous political events.
The common European currency did not fall against the US Dollar during the second half of Monday's trading session. However, it still remains positioned to do so in the near future, as the situation
On Monday the EUR/USD currency pair traded flat. The reason for that might be the fact that the markets are expecting the speech of Janet Yellen later in the day, and until that no events are scheduled for the day.
On Friday morning the EUR/USD currency exchange rate was trading at the support provided by the 23.60% Fibonacci retracement level, which is located at the 1.0639 level.
On Thursday the common European currency traded against the US Dollar in the previously established rate, as the currency exchange rate was squeezed in by various levels of significance.
During the early hours of Wednesday's trading session the EUR/USD currency pair made more than one attempt to surge above the resistance of the monthly pivot point at 1.0685.
EUR/USD showed no surprises Tuesday morning, working on confirming the channel down pattern on the hourly chart and lying steadily below the latest resistance cluster.
During the early hours of Monday's trading session the common European currency made an attempt to regain at least some of the losses, suffered during the drastic fall against the US Dollar previous week.
After a large fall during Thursday's trading session the common European currency has found support against the US Dollar on Friday morning.
The decline of the Euro against the US Dollar has extended into Thursday's trading session. Various clues indicate that the currency exchange rate is about to fall even lower
The fall of the EUR/USD currency exchange rate continued to decline on Wednesday morning. The rate was set to reach the support provided by the weekly PP at 1.0780 and the monthly R1 at 1.0772.
On Tuesday morning the common European currency was in a retreat against the US Dollar, as market participants seem to be consolidating positions in the aftermath of fundamental events.
The common European currency fluctuates against the US Dollar above the 1.0850 mark. The reason for that was the fundamental fall of the Greenback, as Donald Trump's healthcare bill was not voted on in the US.
During the early hours of Friday's trading session the Euro lost ground against the US Dollar, as the currency exchange rate passed the support provided by the monthly R1.