FXStreet – The increasing selling pressure against the Greenback helps the EUR/USD is in the positive area to change, and so will be the new days to 1,1220 formed.
EUR/USD focus on US data
The US Dollar Index falls to 97,00, as the initial optimism vanishes, and thus the Pair can rise.
The General risk sentiment and the USD dynamics will remain the exclusive driver for the Pair, as the Euro zone economic calendar has nothing to offer and only in the afternoon, there are data from the United States.
The focus is on the second Q1 GDP Revision, the April new orders for durable goods and the Reuters/Michigan Index for the month of may.
EUR/USD significant levels
Currently, the daily profit is 0.06 % at 1.1217 and the next Resistances lie at 1,1250 (High-25. May), 1,1267 (2017 High may 23) and 1.1300 (High-9. Nov. 2016). On the other hand, supports are located at 1,1167 (Deep 24. May), 1,1073 (76,4 % Fibo of 1,1300-1,0339) and 1,1036 (20-day SMA).
** FXStreet News Editorial, FXStreet**