On Friday, the EUR/USD currency pair failed to exceed the psychological level at 1.2140.
It is likely that some upside potential could prevail in the market, as the exchange rate could gain support from the 55-, 100– and 200-hour moving averages, as well the weekly PP in the 1.2100 area.
Note that the rate could face the resistance level at 1.2180. If the predetermined level holds, the pair could bounce off. Otherwise, the rate could exceed the weekly R1 at 1.2186.
