The EUR/USD it has fallen in the European pre-open to a daily low of 1.1917, but has subsequently recovered more than 20 pips, reaching its daily maximum level of 1.1939 in Europe in the morning.
Although somewhat far from the week-long highs reached yesterday at 1.1970, the pair is still consolidating above yesterday’s ground at the 1.1910 area.
The pair’s traders await an important battery of data this Thursday. First, Germany’s IFO business climate and current valuation data could move the euro, as improvements are expected in June to 100.6 and 97.8, respectively. Later in the day, the United States will post key fundamentals such as durable goods requests, which are expected to rise 2.7% in May after falling in April. Weekly unemployment claims and the Final annualized GDP for the first quarter, estimated at 6.4%.
EUR / USD levels
With the pair trading at the time of writing above 1.1937, gaining 0.10% daily, the next barrier to the upside appears at yesterday’s high, 1.1970. Above, the objective will be to overcome the 1.2000 psychological zone before attempting an assault towards 1.2147, ceiling of June 15.
In case of reversals, a break of the 1.1910 zone could accelerate the decline below 1.1900 towards 1.1881, the low of June 22. Further down awaits 1.1847, floor of June 18 and 21.
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