FXstreet.com (Barcelona) - After peaking at a high of 1.0131 during the Asian session Thursday, the pair has since faded in the late afternoon of the European session on feelings risk aversion in the Eurozone and fears of prolonged European turmoil surrounding the EU summit.
In the U.S., Core Personal Consumption Expenditures (Q1) grew +2.3% versus expectations of +2.1%, while Personal Consumption Expenditure Prices (Q1) grew +2.1% from +2.4% in the previous quarter. In other data concerning the U.S. dollar, Gross Domestic Product annualized (Q1) grew +1.9%, versus the consensus of +1.9%, and finally, the GDP Purchases Price Index (Q1) has grown +2.0%, versus the consensus of +1.7%.
The cross is presently trading around 1.0058, down -0.20%. According to the technical analysts at ICN.com the exchange pair will encounter supports at 1.0025, followed by 1.0000, and then 0.9980. Conversely, the pair find resistance at 1.0070, 1.0100 and ultimately 1.0130
In the U.S., Core Personal Consumption Expenditures (Q1) grew +2.3% versus expectations of +2.1%, while Personal Consumption Expenditure Prices (Q1) grew +2.1% from +2.4% in the previous quarter. In other data concerning the U.S. dollar, Gross Domestic Product annualized (Q1) grew +1.9%, versus the consensus of +1.9%, and finally, the GDP Purchases Price Index (Q1) has grown +2.0%, versus the consensus of +1.7%.
The cross is presently trading around 1.0058, down -0.20%. According to the technical analysts at ICN.com the exchange pair will encounter supports at 1.0025, followed by 1.0000, and then 0.9980. Conversely, the pair find resistance at 1.0070, 1.0100 and ultimately 1.0130
