FXStreet — The selling pressure around the shared currency on Wednesday, as received, so that the EUR/USD on the day deep to 1,0910 traded.
EUR/USD deals with data, Fed in view
The renewed buying interest to the Greenback allowed the Pair to the lower end of its daily range in the vicinity of the 1,0900 support, while the U.S. Dollar Index (DXY) is approaching the critical 99,00.
The GBP could not benefit from the fact that the Euro zone GDP in Q1 came in as expected at 0.5% (mom) and 1.7% (yoy).
The producer price index in the Region fell on a monthly basis by 0.3% and year-on-year result the result was 3.9%. Both readings are below the respective forecasts.
From the other side of the pond there on the evening of the monetary policy decision of the FOMC, but before the ISM non-manufacturing and the ADP labour market report (180K expected)to be published.
EUR/USD significant levels
Currently, the daily loss or -0.19% at 1,0909 and the next supports is at 1,0850 (Deep 7 April), 1,0835 (200-day SMA) and 1,0805 (23,6 % Fibo of the April rally). On the other hand, Resistances can be found at 1,0937 (High-3. May), 1,0951 (2017 High 24. April) and 1.1300 (High-9. November 2016).
• FOMC forecast: The game is for the USD does not change
** FXStreet News Editorial, FXStreet**
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