The price movement on the EUR / USD currency pair charts disappointing investors who expect the price to rise instead of the natural price falling again.
The US dollar returned to strength after US Treasury yields rose again.
Although the rise of the US dollar was seen to be relatively limited, it managed to put pressure on other major currencies in the market to move weak again.
On the EUR / USD price chart yesterday, the price returned to decline after failing to maintain the surge of the previous day.
After jumping from the support level of 1.2000 on Tuesday, the price was initially seen positive to make a rise after passing the resistance zone of 1.20600-1.20900. However, prices plummeted again in yesterday's European session.
European economic data released yesterday failed to support the appreciation of the Euro while retail sales data as well as the European unemployment rate will be the focus today.
Continuing Thursday's trading, investors are increasingly reassured that prices will continue to decline as they move below the Moving Average 50 (MA50) barrier level within the 1-hour time frame of early Asian session.
A lower drop will return to the 1.2000 level for the price of testing the support zone.
The price is likely to record the latest 4-week low to the RBS zone (resistance become support) 1.19500 or the support zone 1.19000.
If the price manages to make a reversal beyond the resistance zone 1.20600-1.20900, a higher rise will be expected again to head to the SBR zone (support become resistance) 1.21500-1.21800.
Investors will be more cautious on US dollar trading ahead of the US NFP employment data report on Friday.
