The European Single Currency appreciated 0.33% against the US Dollar since Thursday’s session. During Friday morning hours, the rate was located near the monthly S1 at the 1.1507 mark.
On Friday, the European Single Currency will trade at the range of the 1.1500 level and the 1.1450 level. The 55-hour SMA and the monthly S1 should resist the rate from the surge. Most likely, the rate will be located at the 1.1450 mark due to the 50.00% Fibo support, which should keep the rate in the range.
However, fundamentals at 12:30 GMT on Friday, may break the predictions. Watch out for the news!
