EURUSD rose on Friday and closed at 1.3751. The Consumer Confidence in the Eurozone registered its highest jump in almost five years in March. In the United States the Reuters/Michigan Consumer Sentiment Index dropped more than the market the market expectations to a four-month low coming at a reading of 80.0 in March.
Data released today showed that the Consumer Price Index Flash Estimate dropped to a level of 0.5 percent on an annual basis in March. On the other hand data from the Germany indicated a rise in the German Retail Sales to a level of 1.2 percent in February.
Investors are now looking forward for the speech of the United States Federal Reserve Chair Janet Yellen at the National Interagency Community Reinvestment Conference in Chicago.
Support for the EURUSD is seen at 1.3708 and resistance is seen at 1.3806. The HotForex Traders Board shows that 66 percent of the traders are short on the EURUSD.
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EURUSD trading higher after mixed data from the Eurozone. Fed Chair Janet Yellen speaks today.
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