EUR/USD: recovery after sell-off

FXStreet, The GBP/USD closing crashes of the week to a new week low at around 1,1160, could not keep the level, but then climbed back to 1,1175.

The currency pair went after the good growth figures from the United States to the diving station. A weaker than expected failed in the consumer climate, which has been collected by the University of Michigan, was then but for a short-term direction of the pivot.

The Index has fallen, according to a second calculation of 97.7 to 97.1 points per report for the month of may, while inflation expectations for the same period remained unchanged at 2.6 percent.

It should come in the last hours of trading, no major price fluctuations are more likely to exit the currency pair the current trading week in the negative. Thus, the correction from the Multi-month-High close 1,1270 (23. May).

EUR/USD – Important course brands

The currency pair is listed last on 1,1175 and to 0.31 percent in the Minus. The next supports, due to at 1.1161 (Deep 26. May), 1,1073 (76,4% Fibo) and 1,1036 (20-day line). On the other hand, the High-from 25 to define.May 1,1250, as well as the High from 23, may 2017, with 1,1267 and the High of the 09. November 2016 at 1.1300 in the next Resistances.

** FXStreet News Editorial, FXStreet**

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