The single European currency after an impressive upward movement has managed to return to the levels of 1,07 and now provokes the possibility of climbing to even higher prices.
Friday was indeed a stormy day with extremely high volatility in the wake of major announcements on the path of inflation in the Eurozone and new jobs in the United States.
Although initially the single currency was under intense pressure, retreating even below the level of 1,05, it soon reacted by managing to close the day having absorbed all the losses and having once again surpassed the level of 1,06.
The behavior of the market completely justified my thinking for closing all positions in favor of the dollar before the important announcements.
The trading development confirmed that the market remains confused as both directions have reasons to exist.
Although news on new jobs in the United States was…