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Forex pairs in this Article » EUR/USD (New York) - The EUR/USD foreign exchange rate has rescinded its meager gains Friday morning during European trading, retreating off session highs of 1.3255 to opening levels.

In the EMU, the Current Account s.a. (April) came in at €19.5B, compared with a figure of €25.9B previously. In addition, the Current Account n.s.a. has yielded a figure of €15.3B in April, beating expectations of €10.0B.

EUR/USD trading at opening levels

Amidst this easing process, the EUR/USD is operating at 1.3222, up a marginal +0.01% thus far. Technically speaking, analysts identify the next short-term measures of resistance at 1.3286, then 1.3352, and 1.3415. Meanwhile, support lies below at 1.3157, onto 1.3094 and 1.3415.

EUR/USD positivity could return intraday

According to the Technical Analyst Team at, “Following the drop yesterday we see the pair return above 50% correction at 1.3225 with the kick-start of the European session; stability above this level weakens negativity and might bring positivity back.”
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