Forex - EUR/USD down on economic data

Forexpros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on NY Empire State Manufacturing Index.

EUR/USD was trading at 1.4126, down 0.12% at time of writing.

The pair was likely to find support at 1.3838, Tuesday’s low, and resistance at 1.4282, Wednesday’s high.

Earlier in the day, official data showed that Manufacturing activity in the State of New York fell unexpectedly to a seasonally adjusted -3.80 last month from -7.80 in the preceding month.

Analysts had expected Empire State manufacturing activity to rise 4.20 last month.

Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.10% to hit 0.8771 and EUR/JPY falling 0.09% to hit 111.82.

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