EUR / USD
The EUR declined 0.32% against the USD on Friday and closed at 1.1157.
The Euro was under pressure early in the prior week as sentiment surged towards the USD following some comments from the Fed’s Janet Yellen which suggested that the requirements for a rate hike had almost been met. Subsequently, it is salient to take a quick look at what occurred last week and what is potentially on the horizon for the pair.
The pair is expected to find support at 1.1172 and fall through could take it to the next support level 1.1169
The pair is expected to find its first resistance at 1.1180 and arise through could take it to the next resistance level of 1.1185
The EUR declined 0.32% against the USD on Friday and closed at 1.1157.
The Euro was under pressure early in the prior week as sentiment surged towards the USD following some comments from the Fed’s Janet Yellen which suggested that the requirements for a rate hike had almost been met. Subsequently, it is salient to take a quick look at what occurred last week and what is potentially on the horizon for the pair.
The pair is expected to find support at 1.1172 and fall through could take it to the next support level 1.1169
The pair is expected to find its first resistance at 1.1180 and arise through could take it to the next resistance level of 1.1185