EUR/USD pulls back

FXStreet – The Euro fell against the US Dollar as a reaction to the more optimistic mood of the shear data from the United States to 1,0895. So traded the currency pair last updated on 1,0892 and to 0.18 percent in the Plus.

The currency pair rose initially on 1,0946 after the release of the US gross domestic product for the first quarter was the level but do not hold, and turned to the South. With the data on US consumer confidence for the common currency accelerated their downward movement.

In April fell to the University of Michigan collected in the consumer climate by 1 point to 97 points. The University announced on Friday. In the first estimate, a value of 98 points was determined.

The currency pair is listed in the Plus and the weekly prize is currently 200 Pips. The recent decline in the Euro exchange rate was favored by a recovery of the US dollar. The DXY limited his losses in the American trade, and jumped from 98,55 on 98,90.

The Euro counts on Friday still among the strongest currencies. Most of the gains made after the consumer goods are down prices from the Eurozone was better than expected.

Technical Levels

The next Resistances lie at 1,0920, 1,0945/50 (week high) and 1,0985. Technical supports are at 1,0890 (20-hour line), 1,0850/55 (Low of 26. / 27. / 28. April) and 1,0830 to find.

** FXStreet News Editorial, FXStreet**

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