EUR/USD finds support near the 1,0900

FXStreet The EUR/USD broke out of its 20 Pips consolidation range downwards and so it came to the Test of the 1,0900, where a small recovery was started.

The increased buying interest to the Greenback means that the US Dollar Index may consolidate its gains during the night, and he is currently listed in the area of day-to-day high to 99,20, what is the most important stress factor for the Couple.

Also negative, the larger-than-expected decline in the trade surplus of Germany has to 19.6 billion euros in March, after the previous month’s € 21.2 billion. Both imports and exports were able to grow on a monthly basis at 2.4% and 0.4% more than expected, which helped to limit the losses.

The market seems to be the decline in industrial production in Germany already processed. This fell in March compared to the previous month of 0.4 %, which is slightly better than the forecast of -0.6 %, after 1.6 % growth in February.

Next, expect us from the US, the JOLTS job openings, and Speeches by FOMC members Eric Rosengren and Steven Kaplan.

Important Levels

Under 1,0900 the next supports lie at 1,0885/80 and 1,0850. On the other hand, Resistances can be found at 1,0930, 1,0950, 1,0980/85 and 1,1000.

** FXStreet News Editorial, FXStreet**

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