EUR/USD is about 1.09, headed for weekly gain

The attempt of the pair EUR/USD to renew your maximum of five months during the european session fell a couple of pips, and the pair began to pare its gains in the first half of the american session after some data positive macroeconomic of united States.

Despite its decline, the pair EUR/USD is heading towards weekly earnings and is now trading at 1.0895, an increase of 0.18% on the day. The pair had a strong start of the week, as investors applauded the result of the first round of the French presidential elections. The pair EUR/USD was able to increase its earnings on Tuesday before making a technical correction on Wednesday.

The decision of the ECB and the comments of president Draghi on monetary policy on Thursday triggered a liquidation of the euro as expectations of a fall of the EQ weakened after Draghi mentioned that the governing Council had not discussed an exit strategy for QE. However, despite the drop Thursday, the pair is poised to close the week with a gain of 170 pips.

On the other hand, the US dollar struggled throughout the week, since we could not make a daily close above the level 99 after you have opened the week with a gap-negative. In fact, the index is poised to close the week a point lower than the closing level of last week (99.88).

Technical perspective

The couple might find the first support at 1.0850 (minimum Thursday), followed by 1.0780 (DMA 200) and 1.0740 (minimum of 29 of march).

To the upside, a break above 1.0950 (April 27) may point to 1.10 (psychological level) and 1.1070 (maximum of 8 November).

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