The EURUSD Zoomed Up On Friday. Wow!

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The EURUSD zoomed past resistance on Friday and finished very strong. I am still bullish. Looking for next resistance around 1.25000. This information is provided for informational and educational purposes only and is not a recommendation to buy or sell any currency pair. Here’s the chart which is provided by Barchart.com

Forex Trading News For Today

The EUR surged on news that Chancellor Angela Merkel is likely going to be able to form a ‘grand collation’, solidifying her position and taking out some tail risks to EUR valuations. EUR hit the 1.22 level, rising 1.4% on the day. The GBP also rose 1.4% on news that Spain and the Netherlands may favour a “soft Brexit” due to their close economic ties. https://www.fxstreet.com/news/global-market-wrap-dollar-down-eur-usd-hits-12200-anz-201801142122

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