The euro currency continues to trade towards the November monthly price-high against the U.S dollar, reaching 1.1859 in early Friday trading. EURUSD price-action is currently sat at 1.1852, as depressed trading volumes from the U.S markets absence hamper the euro’s upside progress, as buyers attack the 1.1862 resistance level. Today sees a lack of market moving macro-economic data from the eurozone and the U.S, although the main theme of U.S dollar weakness, still looks set drive trading sentiment.
Should EURUSD price-action break above the 1.1862 level, further upside towards the 1.1890 and 1.1910 level appears likely.
A loss of the 1.1835 level may see EURUSD price-action push-back towards the 1.1807 support level.
