EUR/USD challenges 1.1000 post-US GDP figures – by pabspiovano EURUSD GDP Currencies Majors
EMU Consumer Confidence came in at -17.5 in April.fades the initial upbeat mood and retreats to the boundaries of 1.1000 the figure on the back of the marked bounce in the Greenback on Thursday.EUR/USD now looks offered in the low-1.1000s against the backdrop of the strong bout of strength in the Dollar and the continuation of the march north in US yields across the curve.
Earlier in the session, the Consumer Confidence measured by the European Commission in the broader Euroland matched the preliminary reading at -17.5 in April.EUR/USD comes under pressure and threatens to breach the key 1.1000 support on Thursday. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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