EUR/USD appears sidelined below 1.1140 ahead of US data

Friday, 26 April 2019 13:42 WIB



The sentiment around the shared currency remains fragile so far this week, although EUR/USD has managed to rebound somewhat from yesterday's 2019 lows near 1.1120.

After three consecutive daily pullbacks – including a visit to June 17 lows in the 1.1120/15 band - the pair is now seeing some relief in the 1.1140 area, where some consolidation trading turned up.

The deteriorated mood around the riskier assets in combination with miserable prints from the euro docket has been plotting against any serious attempt of recovery in spot as of late, all aggravated at the same time by auspicious results across the pond, which rendered in extra oxygen to the buck.

Moving forward, the pair is posed to stay under further scrutiny in light of the upcoming release of the first revision of US GDP for the January-March period along with the final print of Consumer Sentiment for the month of April.

Source : FXstreet




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