EUR/USD muted on EMU releases

FXStreet (Edinburgh) – The shared currency kept the composure following data releases in the euro area, with EUR/USD hovering over the 1.0935/40 band.

EUR/USD consolidates above 1.0900

The pair paid little attention to the mixed results from the euro bloc during May, with Services Sentiment and Economic Sentiment coming in above estimates, Business Climate missing expectations and Consumer Confidence and Industrial Confidence both matching prior surveys.

In another direction, the ECB’s Financial Stability Review stressed that risks for a Greek default have been increasing alarmingly.

EUR/USD levels to consider

As of writing the pair is up 0.29% at 1.0936 with the next resistance at 1.0951 (high May 28) ahead of 1.0984 (high May 26) followed by 1.1062 (low May 20). On the downside, a break below 1.0890 (low May 28) would open the door to 1.0819 (low May 27) and finally 1.0785 (low Apr.24).

The shared currency kept the composure following data releases in the euro area, with EUR/USD hovering over the 1.0935/40 band…

(Market News Provided by FXstreet)