Yesterday, the EUR/USD currency pair reached the 1.0990 level. During Friday morning, the pair was trading at 1.0980 mark.
It is unlikely that some downside potential could prevail in the market due to the support cluster formed by the 55-, 100– and 200-hour SMAs, as well the weekly and monthly PPs in the 1.0936/1.0965 area.
The exchange rate could continue to go upwards within the rising wedge pattern in the nearest future. It is unlikely that the rate could breach the given pattern north and exceed the weekly R1 at 1.1011.
Note, that some volatility could occur in the market due to the US Employment data set release at 12:30 GMT.
