The Euro has fallen again during the course of the week as we continue to slump overall. Looking at the longer-term chart, you can see just how important this general vicinity is.
The Euro has gone back and forth during the course of the trading session on Friday as we continue to see a lot of support just below, but obviously there is quite a bit of downward pressure in general.
The direction of the EUR/USD on Friday is likely to be determined by trader reaction to 1.1791. Next Major Downside Target is 1.1704