EUR/USD jumps to fresh 6-month High

FXStreet — The Euro has continued to the flight of fancy of the past few days against the US Dollar on Friday and marked a new 6-month High in 1,1197. Since the beginning of American business, noted the EUR/USD in a sideways range between 1,1180 and 1,1197.

The currency pair is expected to finish today and fifth of the last six trading days and the highest weekly closing price since September of 2016.

The Euro delivered on Friday, the best Performance. The community to put currency against the pound Sterling and the Swiss franc. On the other hand, the US Dollar is on a broad Front under pressure. The US Dollar Index was quoted last year to the lowest level since November, a good 97,00.

Stocks on Wall Street rise. The Dow Jones rose 0.69 percent and the Nasdaq gained 0.72%. The yield on 10-year US treasuries traded slightly higher at 2.24 percent.

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Technical Brands

The psychological mark at 1.1200 offers first resistance. Further barriers are 1,1210, 1,1245/50 (September high) and 1.1300 (psychological level). The chart technical situation is deteriorating, if the Pair of first supports at 1,1180/85, 1,1140 (20-hour-line) and 1,1095 (Deep 19. May) is below.

** FXStreet News Editorial, FXStreet**

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