The EUR/USD pair trades near its recent monthly high at 1.1035, bullish, according to intraday technical readings after the US data came in mixed, FXStreet’s Chief Analyst Valeria Bednarik reports. Key quotes “The market ignored mixed European data, as the EU Economic Sentiment Indicator came in at 67.5 in May, missing the market’s expectation of 70.3. Consumer Confidence in the same period printed at -18.8 as expected. Germany released the preliminary estimate of May’s inflation, with the annual CPI at 0.5%, as expected, down from 0.8% in April.” “Durable Goods Orders fell by a new record of 17.2%, although better than the -19% forecast. The economic contraction in the country was revised lower to -5.0% for the first quarter of the year, according to the second estimate of the GDP. Finally, 2.12 million people filed for unemployment support in the week ended May 22, worse than anticipated.” “In the 4-hour chart, EUR/USD is developing well above a bullish 20 SMA, while technical indicators resumed their advances within positive levels, in line with another leg higher. The pair needs now to run through 1.1040 to be able to extend its advance.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next UK’s Frost: We are quite away from a broad outline of an agreement FX Street 3 years The EUR/USD pair trades near its recent monthly high at 1.1035, bullish, according to intraday technical readings after the US data came in mixed, FXStreet’s Chief Analyst Valeria Bednarik reports. Key quotes “The market ignored mixed European data, as the EU Economic Sentiment Indicator came in at 67.5 in May, missing the market’s expectation of 70.3. Consumer Confidence in the same period printed at -18.8 as expected. Germany released the preliminary estimate of May’s inflation, with the annual CPI at 0.5%, as expected, down from 0.8% in April.” “Durable Goods Orders fell by a new record of 17.2%, although better… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
