EUR / USD holds firm above 1.1900, heading for the highest weekly close in two years

• Euro stands out among European currencies.
• The dollar consolidates weekly losses, on a reduced-day Friday.

The EUR / USD is trading within a small range on Friday, on a low volume, limited travel day due to the US holiday. The pair’s price rose to 1.1933 and then fell back to find support at 1.1915. It is trading 1.1920 / 25, with a modest gain for the day, and about 60 pips above where it was a week ago.

The current consolidation around these levels is a positive technical aspect for the EUR / USD, staying above a key level. The only unknown is that it occurs in low volume sessions. The bullish bias remains strong.

The rises on Friday are given before a weakness of the dollar, but that is not general. The euro is the best among the European ones, they showed rises against the pound and the euro. Part of this surrounds the diminishing expectation of a Brexit deal in the next few hours.

The greenback remains with a bearish bias. The DXY operates below 92.00 very close to the weekly lows and other indices that measure the evolution of the dollar are in the zone of lows in more than a year.

No big tours are expected for the next few hours, although the end of the month closing can add volatility. If it finishes at these current levels, the EUR / USD will have the highest weekly close in two years.

Technical levels