The USD remained dragged down to trade volatile and weak after the 10 -year US treasury yield returned to show a decline reaching 1.50%.
But following these factors, the Euro continued to seize the opportunity to translate a stronger dominance against the USD towards the end of this week's trading session.
Investors will also focus on US retail sales data to be released tonight to assess the true direction of the USD whether it will continue to weaken or strengthen again.
The price movement on the EUR/USD chart is seen as unsuccessful to continue to break the SBR zone (support become resistance) 1.16000 in the European session before the price declines again when entering the New York session yesterday.
Continuing into the Asian session today (Friday), the price continued to show a slow movement and also hovered below the SBR zone to await the news of more lively data.
The price is also still trading above the Moving Average 50 (MA50) barrier level on the 1 -hour time frame to continue to signal to investors that the price is still continuing the bullish trend.
If the price movement manages to break the SBR zone of 1.16000, it is very likely that investors will see the price reaction able to head to the higher SBR zone at 1.17000.
Meanwhile, the SBR 1.18000 zone will be the focus if the price continues to maintain a more aggressive rise and indirectly it will also record the latest 3 -week high.
If the price movement returns to make a decline, analysts expect the price to hit the 2021 low again around 1.15300 or will decline to a lower level.
A more significant decline will see the price heading towards the focus support zone at 1.15000 to be tested and in turn will also create the latest lows for 2021.
