EUR/USD went down today hitting its daily chart support level as the fundamental reports from the United States showed that the situation is improving there. Both consumer confidence and manufacturing sector continued to show a definite growth, surpassing even optimistic forecasts. The currency pair is now trading near 1.3246.
S&P/
Consumer confidence went up from 52.3 to 57.9 in April. The market participants expected only a slight growth to 53.5.
Richmond Fed manufacturing index unexpectedly jumped up from 6 to 30 in April, while the forecasts were pointing at a value of 10.
If you have any comments on the recent EUR/USD action, please, reply using the form below.
What do You think what happen next with EurUsd, a move up?
▼Reply
Andrei Reply:
April 28th, 2010 at 2:14 pm
It will probably continue going down after a minor retracement.
▼Reply