Market Overview

Forex - EUR/USD down at the end of European session


Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday after the release of U.S. data on Trade Balance.

EUR/USD was trading at 1.4269, down 0.97% at time of writing.

The pair was likely to find support at 1.4255, Monday’s low, and resistance at 1.4588, Friday’s high.

Earlier in the day, official data showed that The U.S. trade balance fell more-than-expected to a seasonally adjusted -48.2B last month from -45.4B in the preceding month whose figure was revised up from -45.8B.

Analysts had expected U.S. trade balance to fall -47.0B last month.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 1.24% to hit 0.8695 and EUR/JPY falling 1.09% to hit 115.28. - Forex Pros offers a diverse set of professional tools for Forex, Futures and CFDs. These include real-time data streams, technical and fundamental analysis by in-house experts, and a widely used economic calendar and Forex News.

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.


Related Articles

View Comments and Join the Discussion!