- Once again the EUR / USD loses flight just below 1.1900.
- Without relevant data ahead, statements and Wall Street could define the trend.
The EUR / USD again reversed the trend just below the 1.1900 zone and fell back to 1.1850, the new low of the day. The pair continues to travel in ranges, within a greater range.
The dollar is showing some weakness on Friday, which cannot be taken advantage of by the EUR / USD. European currencies are the weakest on Friday, albeit with limited travel.
The climate in the market remains between optimism about the vaccine and the impact of the new restrictions throughout the world. In Europe, the market prepares for new measures from the European Central Bank and with attention to the headlines for Brexit and the Recovery Fund.
In the US, Treasury Secretary Mnuchin’s request not to extend emergency programs came as a surprise in a letter to Powell. This hit Wall Street albeit in a limited way. The futures of the main indices do not show great variations. With no data ahead on Friday the focus may be on Federal Reserve officials Barkin, Bostig and George, considering Thursday’s events.
From a technical point of view, EUR / USD keeps moving in ranges. In the short term the key support is at 1.1850 and below at 1.1810. On the upside, the 1.1900 / 1.1920 barrier is still effective. The break to the upside could trigger big moves.
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