FXstreet.com (Córdoba) - The rally of the euro against the dollar has found an interim top at the 1.2390 area where it peaked after rising over 210 pips throughout the day. However, as the week comes to an end, interest is fading following wild movements in the wake of major central banks decisions and the US nonfarm payrolls reports.
EUR/USD found resistance after setting a high of 1.2391, just shy from yesterday's peak of 1.2400, and retreated somewhat. At time of writing, the pair is trading at the 1.2370 zone, printing a 1.6% gain on Friday.
As for technical levels, immediate resistance could be found at the 1.2390/1.2410 zone, followed by 1.2440 and 1.2500, while supports are seen at 1.2300, 1.2250 and 1.2220.
EUR/USD found resistance after setting a high of 1.2391, just shy from yesterday's peak of 1.2400, and retreated somewhat. At time of writing, the pair is trading at the 1.2370 zone, printing a 1.6% gain on Friday.
As for technical levels, immediate resistance could be found at the 1.2390/1.2410 zone, followed by 1.2440 and 1.2500, while supports are seen at 1.2300, 1.2250 and 1.2220.
