The cross is inching higher on the last trading day of the week as the greenback is advancing against most of its major rivals. Risk-off and risk-on trade are alternating on Friday’s session as there is still no definitive trend bias ahead of the inflation figures and the Michigan consumer sentiment index in the US due later on. As of writing, the cross is up 0.16% at 0.9129 with the first resistance at 0.9143 (MA10d) followed by 0.9179 (high Apr.12) then 0.9218 (Upper Bollinger) and 0.9222 (high Apr.5). On the downside, a violation of 0.9092 (low Apr.13) would expose 0.9050 (hourly high Apr.3) then 0.9006 (Lower Bollinger) and 0.9002 (low Apr.2).


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