EUR/USD reached new 6-month high, USD sales to keep

FXStreet The EUR/USD maintained its gains of the last few days, to further expand and so was the new 6-month high to 1,1060/65 formed.

After the initial behavior in reaction to the disappointing German ZEW economic expectations index fell in may to 20.6 behind the forecast of 92.0, the commandments.

The preliminary Q1 GDP result of Eurozone corresponded to 0.5 % (quarter on quarter) and 1.7 % (yoy) expectations. The trade surplus in the Eurozone increased in March to € 23.1 billion, what is the common currency also supported.

The strong bearish Outlook against the Greenback drop in the U.S. Dollar Index at 6-month low fall. Thus, the Pair reached its highest level since the US presidential election.

Next, expect us from the US real estate data, and the results of the industrial production.

EUR/USD can the 1,1040 potentially test – Commerzbank

Important Levels

Resistances 1.1100, 1,1150/55 and 1,1200. On the other hand, supports are located at 1.1040/35, 1,1000 and 1,0970/65.

** FXStreet News Editorial, FXStreet**

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