The common European currency continued its decline on Thursday against the US Dollar, as the currency exchange rate reached below the cluster of levels of significance near the 1.1680 mark.
On Thursday morning, the currency pair was heading for the lower trend line of a large scale triangle pattern. The trend line most likely will be reached at the 1.1620 mark.
Watch the trend line to see, whether it holds and forces the rate into a rebound or passes the support line and reaches for the monthly S1 near the 1.16 level.
