The Euro initially tried to rally a bit during the trading session on Thursday, but then broke down as the 50 day EMA offered a bit of resistance.
Investors demand to buy the USD as a safe haven, amid a violent second Coronavirus wave.
The Euro has fallen a bit during the trading session on Wednesday, to reach down towards the 1.17 level.
Ahead of the European Central Bank meeting scheduled for Thursday, there are expectations that the bank may direct a state of unease with the Euro gains in the exchange market and amid new strict restrictions for European countries to contain records of Coronavirus cases.
The Euro has gone back and forth during the trading session on Tuesday, reaching towards the 1.1840 level before pulling back again.
The EUR/USD traded on the same performance as last week’s, stabile above the 1.1800 resistance in an attempt to complete the upward correction path
The Euro initially tried to rally on Monday but then broke down a bit to show signs of weakness again.
Despite new fears and restrictions that European countries implemented to contain the outbreak of the Corona epidemic, the EUR/USD succeeded in achieving gains
The Euro initially fell during the trading session on Friday, reaching down below the 1.18 level initially, but then turned around to rally towards the 1.1850 level.
The Euro has been very noisy over the last 30 days, settling on a more bullish attitude than anything else.
The Euro fell during the trading session on Thursday, as we have seen the US dollar pick up a little bit of strength in general.
Investors' giving up the US currency temporarily contributed to an upward rebound in the EUR/USD, to the 1.1880 resistance, its highest level in more than a month, before settling around 1.1845 at the time of writing.
The EUR/USD has resumed its rather strong bullish momentum the past two days and is challenging important resistance levels.
The Euro rallied significantly during the trading session on Wednesday but continues to struggle near the 1.1850 level.
For the third day in a row, the EUR/USD, is in an upward correctional range that has pushed the pair towards the 1.1850 resistance at the time of writing, which is the highest level in a month.