EUR/USD Completes Round-Trip, Erases Daily Gains
EUR/USD completed a round-trip and erased completely intraday gains, after reaching a 1-week high of 1.1367 during the European session.
The dollar managed to take back losses during the New York session despite data showed GDP growth
marked its slowest pace in two years and jobless claims rose more than
expected. EUR/USD slid back to the 1.1310 zone before finding support
and it was last trading at 1.1317, virtually unchanged on the day.
EUR/USD levels to watch
As
for technical levels, next resistances could be found at 1.1367 (Apr 28
high), 1.1394 (Apr 21 high) and 1.1464 (Apr 14 high). On the other
hand, next supports are seen at 1.1274 (Apr 27 low), 1.1214 (Apr 25
low), 1.1197 (50-day SMA) and 1.1144 (Mar 24 low).
