- Dollar weakness propels EUR / USD towards 1.1950.
- EUR / USD heading to the highest close in over two years.
The EUR / USD broke higher and climbed to 1.1948, reaching the highest level since early September. The price remains in the zone of the highs with the bullish tone intact.
The increases are driven by the context of weakness of the dollar, in a day of low volume in the financial markets due to the holiday in the US.
The DXY is about to test the lows of the present year below 91.80. Among the assets, what stands out the most is the collapse of gold, which fell to $ 1,774, a minimum in months.
EUR / USD about 1.1900
The EUR / USD is asserting above 1.1900 which can be seen as a bullish factor from a technical point of view. It remains to be seen if this level remains when normality returns to the markets on Monday.
The EUR / USD weekly close is on track for its highest daily close since May 2018, putting it on track to 1.20 and beyond.
In the short term, the next resistance is seen at 1.1965 and 1.1995. In the opposite direction, supports are seen at 1.1935, followed by 1.1915 and 1.1880.
Technical levels
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