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EUR/USD Analysis: Continues Its Path Higher

The chart of the EUR/USD has not changes much since Thursday. Namely, the same patterns remain active.

The currency exchange rate is continuing its surge, as new high levels are booked in the medium scale ascending channel pattern. However, there is one new notable aspect.

It was spotted on Friday morning that the 1.17 mark is providing psychological support to the Euro against the Greenback.

Meanwhile, the same target of 1.1760 is aimed at.

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This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

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