The Euro has gone back and forth over the last week, and Thursday was just more of the same.
The Euro initially tried to rally during the New York trading session on Wednesday,
The Euro looks likely to bounce at this point, after showing signs of support underneath and then reaching above the 1.11 handle.
The Euro initially rallied during the trading session on Monday, breaking above the 1.11 EUR level.
I do believe that the Euro is going to eventually fall much lower, and the closing candlestick on Friday did suggest that a bit of a bounce was imminent.
The Euro has initially tried to rally during the trading session on Thursday but then broke down rather significantly to reach towards the 1.11 handle.
Ahead of the release of a batch of important US economic data, the EUR / USD is stabilizing below the 1.1200 psychological support level, with stronger losses reaching the 1.1130 level, before settling around 1.1150 at the time of writing.
The Euro has rallied a bit initially during the trading session on Wednesday and then sold off rather drastically.
Weak confidence in the performance of the German economy to the lowest level in 8 years increased the bearish momentum of the EUR / USD pair
The Euro has had a very interesting trading session on Tuesday, initially trying to rally but then broke down rather significantly towards the bottom of the range that we had been in.
The steady performance of the EUR/USD on the daily chart foreshadows a stronger move ahead.
The Euro has continued to show a lot of volatility, as we continue to dance around the 50 day EMA.
For the fifth consecutive trading sessions, the EUR / USD stabilized around the psychological 1.1200 support level, waiting for any developments amid stronger bearish momentum
The Euro has tried to rally again during the trading session on Friday, but as you can see, the 50 day EMA continues to attract a lot of selling pressure.
The Euro tried to rally during the trading session on Thursday but continues to find selling pressure above the 1.12 handle.
