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).