The dollar hovered near a one-week high against its major rivals on Friday.
The publication of data on initial jobless claims in the United States, as we expected, became a catalyst for the EUR/USD pair to exit the narrow range. The price overcame its lower limit and adjusted upwards, now testing the range that has become a resistance zone.
The recently published German consumer price index, the value of which was in line with forecasts, currently had no impact on the dynamics of the pair's quotes.
Technically, the scenario of a further decline in the Euro against the dollar can be considered a priority, but there are a number of levels nearby at which a decline can be resisted. The strongest zone is around the 1.0800 level.
Also, it must be remembered that today is Friday — the end of the week, moreover, in the absence of significant news publications in the schedule. In the absence of any triggers in the information field, it is most likely that the week will end on a calm note.