The Euro closed higher versus the U.S. Dollar on Friday, reversing earlier weakness that threated to take out the low for the month at 1.1432. The reversal to the upside was fueled by a report from Bloomberg that British Prime Minister Theresa May is ready to drop a key Brexit demand in order to make a deal for Britain to leave the European Union (EU). On Friday, the EUR/USD settled at 1.1515, up 0.0063 or +0.55%. The main trend is down according to the daily swing chart. However, momentum may be getting ready to shift to the upside with the formation of the closing price reversal bottom. A trade through 1.1535 will ... (full story)