FX.co ★ EUR/USD

EURUSD Friday results: the bullish scenario that I was considering at the beginning of the day can be stated to have failed by the end of Friday. After the impulse move up to 1.1520 in the middle of the week on the US CPI and PPI data, the pullback that started on Thursday was seen as a shallow one from which the pair would be bought back. However, two key supports — the 1.1460 level and, most importantly, the ascending channel support at 1.1440 — have been broken. The technical picture is now on the bears’ side going into Monday.