The U.S. dollar found itself under selling pressure at the end of the week. Looking at the EURUSD chart from a technical point of view, the pair is currently breaking above resistance at 1.18 USD. If buyers manage to keep the price above it, an upward move towards 1.1855 could be on the cards. On the other hand, should the price break back below, a downward move may deepen towards the local trend line (red line).
EURUSD H1 interval. Source: xStation5
Market Wrap: Europe is back to green πͺπΊ π Business activity finally accelerating β
BREAKING: European flash PMIs stronger than expected πEURUSD ticks higher
Economic calendar: European PMIs and PCE, GDP, PMI data from the US π½
Daily summary: Moderate risk, moderate declines