On Thursday, the common European currency declined by 44 pips or 0.36% against the US Dollar. The currency pair reversed from the resistance level at 1.2152 during yesterday’s trading session.
Technical indicators suggest buying signals on the 4H, daily and weekly time-frame charts. Most likely, buyers could pressure the EUR/USD exchange rate higher during this session.
However, the resistance line at 1.2149 could still provide resistance for the currency exchange rate in the shorter term.
