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EUR/USD Close to Ending the Week on Big Gains

M. Ali 23 October, 2020 11:11 pm Forex Market, Market Update

The Euro (EUR) rose against the US Dollar (USD) on Friday but gave up some of its earlier gains as the USS is showing some signs of recovery.

The EUR/USD is close to finish the week at its best level in about two months, supported by a recent decline by the greenback.

The pair is trading higher for the day by 0.35% at 1.1859, after moving in a range between a low of 1.1787 and a high of 1.1862, after closing Thursday at 1.1818.

Support Levels: 1.1798 – 1.1778 – 1.1743

Resistance Levels: 1.1853 – 1.1888 – 1.1908

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