Previous close | 1.0733 |
Open | 1.0733 |
Bid | 1.0739 |
Day's range | 1.0701 - 1.0769 |
52-week range | 1.0352 - 1.2254 |
Ask | 1.0733 |
Political uncertainty and three elections last year delayed the plan, drafted after Bulgaria was admitted together with Croatia to the ERM-2 mechanism, a mandatory stage for joining the euro in 2020.
The Euro has rallied quite significantly during the week, as the US dollar had been overbought.
The Euro initially tried to rally during the trading session on Friday but has given back some of the gains as the 50 Day EMA has been massive resistance.