Price broke the but did not follow through. Price ended the trading week with a close just below the and with a on the 15-minute chart.
Next week will be interesting to see if the EUR can continue its movement or if this is a lasting break of the .
The fundamentals are on the side for the US dollar , with strong economic data for the last 5-6 months! The European situation, in contrast, is chaotic with political uncertainty with the major political parties in Germany and still high unemployment in the southern European countries.
We will see if this trendline holds or if the bears turn things around this time.