Technical analytics

EUR/USD

The euro recovery stalled just under the 1.2000 barrier on Friday. Buyers did not find any reason to move the market higher and had to stop. The resistance resides at 1.2000, the support comes in at 1950.

The single currency may suffer new losses if the spot does not retake 1.2000. In this scenario sellers may push the price to 1.1900. Otherwise, buyers will reclaim 1.2000 and will drive the market to 1.2100.