The single currency managed to post modest gains against the USD. By Friday’s close, the euro was up 0.20%. The gains came as regional economic data saw Germany’s trade balance coming out better than expected. The single currency brushed aside somewhat weaker industrial production figures from Italy and France.
Can the EURUSD Hold on the Gains?
The currency pair closed above the resistance level of 1.1226. At the time of writing, the currency pair is testing this level. If support is established at 1.1226, then the EURUSD could potentially aim to bounce higher. The next main resistance level is seen at 1.1280.
