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EUR/USD Surprising Peak

June 5, 2007 (Last updated on November 29, 2009) by

Forex market today brought another surprise to the traders as the USD unexpectedly fell to 3 weeks low on mixed data from Eurozone. While some major macroeconomic indicators failed to show any good data for the Eurozone, EUR/USD reached 1.3553. Although it’s rolled back pretty fast, EUR/USD is still traded above 1.3500 (which was a strong resistance level and now is a support level). ISM Services index from U.S. came a lot better than expected — 59.7% against 55.5% expected — this factor might play its role in returning USD to bullish trend, but that would be difficult task to accomplish.

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