FXStreet – The demand for the common currency on Friday and so rises the EUR/USD to a new high for the year in the area of the 1,1170/80.
EUR/USD rises, Dollar falls
The US Dollar Index, which represents the strength of the USD vs. its 6 most important rivals, left the yesterday’s optimism quickly behind and so it went from of 97.80, down to the year low of 97.30/20, whereby the Pair traded at the upper end of its recent Range.
The political Worries burden today is the Greenback. In the center of the controversy, President Trump and the uncertainty as to the future policy of the Trump government.
Add to that the recent comments by ECB’s B. Coeure, in relation to the inflation target of the Central Bank slightly optimistic.
• EUR/USD Pullbacks initiated in the vicinity of the 1,0920 on a support
EUR/USD significant levels
Currently, the daily profit is 0.66 % for 1,1176 and the next Resistances lie at 1,1172 (2017 High 18. May) and 1,1200 (psychological level) and 1.1300 (High-9. Nov. 2016). On the other hand, supports are located at 1,1073 (76,4 % Fibo of 1,1300-1,0339), 1,0954 (20-day SMA) and 1,0825 (200-day SMA).
** FXStreet News Editorial, FXStreet**