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Trading news
22 Apr 2015
EUR/USD consolidates above 1.0700
FXStreet (Córdoba) - EUR/USD pulled back sharply from 1.0800 but so far it has been able to hold above 1.0700.
The pair bottomed at 1.0706 three hours ago and since then it has remain steady, consolidating around 1.0725. Initially the euro rebounded but the upside was capped by the 1.0750 area.
The euro still faces some pressure across the board as the Greek crisis continues but EUR/USD remains above 1.0700, posting modes losses for the day.
Economic data
Earlier the European Commission relaesed the Consumer Confidence report that showed a decline from -3.70 to -4.60, analysts were expecting a modest increase. Thursday will be an important day with the Eurozone preliminary PMI readings of April.
The pair bottomed at 1.0706 three hours ago and since then it has remain steady, consolidating around 1.0725. Initially the euro rebounded but the upside was capped by the 1.0750 area.
The euro still faces some pressure across the board as the Greek crisis continues but EUR/USD remains above 1.0700, posting modes losses for the day.
Economic data
Earlier the European Commission relaesed the Consumer Confidence report that showed a decline from -3.70 to -4.60, analysts were expecting a modest increase. Thursday will be an important day with the Eurozone preliminary PMI readings of April.