- EUR/USD erased most of the intraday gains on Friday but ends the week mostly up.
- Resistance is seen at the 1.1155 and 1.1178 price levels.
EUR/USD weekly chart
EUR/USD is trading in a weak bear trend below the main SMAs. The market is attempting to stabilize above the 1.1000 handle. A break above the 1.1200 handle would be seen as fairly bullish.
EUR/USD daily chart
After hitting its highest level since August 2019, EUR/USD erased gains and rejected the 200-day simple moving average (DMA). The market remains very choppy in the 1.1000-1.1200 zone.
EUR/USD four-hour chart