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EUR / USD rises slightly after US data, remains in the 1.1900 zone

  • EUR / USD rises slightly after US data, remains in the 1.1900 zone
  • EUR / USD bounces after falling to 1.1880, remains in zone of recent highs.
  • US data not helping the dollar, Wall Street negative.

The EUR / USD rose to 1.1915 following the release of several US economic reports, approaching the Asian session highs of 1.1929. The pair is trading unchanged significantly from Tuesday’s close around 1.1900.

The dollar shows mixed results across the market. It has managed to stabilize after falling for several days, but is still under pressure, in a context of optimism among investors. On Wednesday, however, stocks are retreating, correcting downwards, moderately for now, which has given some support to the greenback.

In the second half of the American session, the minutes of the last meeting of the Federal Reserve will be published. The data that was released showed a rise in initial requests for unemployment benefits last week, confirmation of the record rebound in third-quarter GDP growth and a higher than expected advance in durable goods orders, among other reports. These figures had no major influence on the market.

From a technical point of view, in the very short term the EUR / USD remains bullish and is testing an important technical level. A daily close above 1.1920 would enable an extension to the upside, with high chances of an approach to 1.2000. In the opposite direction the supports can be seen 1.1880 and 1.1850.

Technical levels

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