After the fall of the common European currency against the US Dollar on Thursday morning the pair had recovered some of the suffered losses on Friday morning. The currency pair found support in the described cluster below it. However, it did reach down below the 1.1380 level at one moment, which might have triggered placed orders. Meanwhile, on Friday morning it was expected that the surge will continue, as the EUR/USD pair faced only the minor resistance of the 55-hour SMA at the 1.1425 mark. Although, there is a previously broken trend line located just below the 1.1440 mark. The trend line might show some minor resistance, as it did during the early hours of Thursday’s trading.
