During Friday’s trading session, the European Single Currency was trading downwards to end the trading session at the 1.1319 mark. During Monday’s morning hours, the currency exchange rate was located near the medium horizontal pattern line at the 1.1308 mark.
In regards to the near-term future, most likely, the currency exchange rate will keep trading downside towards the weekly S1 at the 1.1269 level breaking the support level of the medium pattern line at the 1.1300 mark.
On the other hand, the rate could be supported by the medium pattern line at the 1.1300 mark to recover itself to surge upwards to the 1.1340 level during the day.
