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

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


EUR/USD was trading at 1.4510, down 0.50% at time of writing.


The pair was likely to find support at 1.4478, today’s low, and resistance at 1.4696, Tuesday’s high.


Earlier in the day, official data showed that The U.S. trade balance fell less-than-expected to a seasonally adjusted -43.7B last month from -46.8B in the preceding month whose figure was revised up from -48.2B.


Analysts had expected U.S. trade balance to fall -48.8B last month.


Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.26% to hit 0.8866 and EUR/JPY rising 0.10% to hit 116.62.





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