The US dollar remained weak until Thursday to a 2-year low as investors' focus remained on the US economic stimulus package.
Market sentiment remains positive with expected $ 900 billion package discussion results to be known this weekend.
However, investors need to be wary of the possible profit-taking situation for previous trading positions which will see the US strengthen slightly before the close of trading this week.
The continued depreciation of the US dollar has pushed the EUR / USD currency pair to its highest level this week reaching 1.22700.
The daily increase of around 80 pips also recorded the highest price reached since trading in April 2018.
After closing New York session trading to the tops, prices began to move lower in the Asian session today (Friday) to around 1.22500 as of 11am local time.
Analysts remain aware that prices will continue to rise with bullish trends throughout the week. The next rise is expected to reach the level of 1.23000.
But investors will also be wary of the possibility of a price drop on weekend trading.
The price decline will return to the RBS zone (resistance become support) at 1.21800-1.21500.
