FXStreet – The demand for the common currency seems to be the end of the week once again increasing and so is increasing the EUR/USD to a daily high in the vicinity of the 1,1140.
EUR/USD has benefited from increasing risk appetite
The Pair extends its recovery from Thursday’s Low from the area of the 1,1070, while the Greenback continues its downward movement this week, according to the yesterday of a slight recovery.
The US Dollar Index, which represents the strength of the USD vs. its 6 most important rivals, could lure at a lower level, some of the buyers in the market, but the bullish Attempts failed in the area of 98,00.
To expect us today, the current account of the Euro area for the month of March and the consumer confidence from the European Commission, as well as the ECB member Speeches V. Constancio and P. Praet.
• EUR/USD: ECB is not ready for the removal of the QE – Scotiabank
EUR/USD significant levels
Currently, the days income is 0.29 % for 1,1136 and the next Resistances lie at 1,1172 (2017 High 18. May) and 1,1200 (psychological level) and 1.1300 (High-9. Nov. 2016). On the other hand, supports are located at 1,1073 (76,4 % Fibo of 1,1300-1,0339), 1,0954 (20-day SMA) and 1,0825 (200-day SMA).
** FXStreet News Editorial, FXStreet**