For the 24 hours to 23:00 GMT, the EUR rose 0.36% against the USD and closed at 1.1600.
In the economic news, Germany’s seasonally adjusted trade surplus widened to €21.8 billion in June, more than market expectations for a trade surplus of €20.9 billion. The nation had registered a trade surplus of €19.7 billion in the previous month. Meanwhile, the nation’s seasonally adjusted industrial production retreated 0.9% on a monthly basis in June, higher than market expectations for a decline of 0.5%. In the previous month, industrial production had climbed 2.60%.
In the US, data indicated that US consumer credit advanced less than expected to $10.21 billion in June, after registering a revised rise of $24.3 billion in the previous month.
In the Asian session, at GMT0300, the pair is trading at 1.1609, with the EUR trading 0.08% higher against the USD from yesterday’s close.
The pair is expected to find support at 1.1571, and a fall through could take it to the next support level of 1.1532. The pair is expected to find its first resistance at 1.1629, and a rise through could take it to the next resistance level of 1.1648.
Later in the day, investor sentiment will be determined by the release of the US MBA mortgage applications.
