EURUSD dropped yesterday and closed at 1.3811. The CPI Flash Estimate year over year rose in April, but didn’t reach the target of the analysts coming at 0.7 percent. Data from the United States showed that the ADP Non-Farm Employment Change rose to 220K in April. On the other hand the Advance GDP data for the first quarter from the United States came out worse than expected at 0.1 percent.
Investors are now looking forward for the FOMC Statement due later today.
Support for the EURUSD is seen at 1.3801 and resistance is seen at 1.3871.
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EURUSD trading higher in the late European session. FOMC Statement on tap.
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