Forex - EUR/USD up at the end of U.S. session

Forexpros – The Euro was higher against the U.S. Dollar on Wednesday after the release of U.S. data on Federal Budget Balance.

EUR/USD was trading at 1.4158, up 1.30% at time of writing.

The pair was likely to find support at 1.3838, Tuesday’s low, and resistance at 1.4368, Friday’s high.

Earlier in the day, official data showed that The U.S. federal budget balance rose unexpectedly to a seasonally adjusted -43.1B last month from -57.6B in the preceding month.

Analysts had expected U.S. federal budget balance to fall to -65.5B last month.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.11% to hit 0.8792 and EUR/JPY rising 1.00% to hit 111.84.

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