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March 12, 2023Friday at a glance: with a daily low of 1.0578, EUR/USD closed Friday at 1.0639, after ending Thursday at 1.0586 and gaining 52 pips (0.49%).
A look at other currencies also shows bullish price action as GBP/USD is trading around 1.2033 after ending Friday's session at 1.1923 (up 0.92% today). GBP/CAD is trading around 1.6633 after ending Friday's session at 1.6486 (up 0.89% today).
At the same time, USD/CHF dips 1.2% Friday and closed at 0.9325.
The market is looking forward to the release of new data: Euro Zone Eurogroup Meetings will be released tomorrow at 10:00 UTC. Germany Buba Balz speech set for tomorrow at 17:00 UTC.
The currency pair has been trending lower for about a month. Euro-Dollar is now trading 10.32% away from its significant low of 0.9596 first tested 5 months ago.
