Euro will finish up December with growth

The single currency keeps rising against the US dollar during Friday trading. Market participants associate this decline in the US currency with profit-taking by investors in the US dollar by the close of the year, after US President Donald Trump officially signed the bill on tax reform in the US. It is worth noting that the pair EUR/USD held 2017 with a predominant growth, which is the most significant year since 2007.

Technical analysis: During the trades on Thursday, the pair EUR/USD exceeded the maximum mark of December at the level of 1,1939 and confidently entrenched above this range. At the moment, the main resistance of the pair’s further growth is the level of 1.2000, in the event that the pair leaves the uplink on H1 and fixates above 1.2020, one should expect a retest of the maximum mark of 2017 at 1.2091.

Fig. EUR/USD. The current price is $ 1.1991.

Alexander Sivtsov