Investing.com - Escalating tensions between Russia and Ukraine steered investors away from the dollar on Friday, though better-than-expected consumer sentiment data out of the U.S. bolstered the greenback and chipped away at the single currency's gains.
In U.S. trading, EUR/USD was up 0.05% at 1.3839, up from a session low of 1.3792 and off a high of 1.3848.
The pair was likely to find support at 1.3785, Tuesday's low, and resistance at 1.3855, Wednesday's high.
Tensions in Ukraine continued to brew on Friday after Ukrainian troops killed several pro-Russian rebels on Thursday.
Russian troops, meanwhile, conducted military drills close to the border between the two countries.
In response, U.S. Secretary of State John Kerry said Washington was moving closer to slapping fresh sanctions on Moscow, which steered investors away from the dollar and into safe-haven yen positions.
Data out of the U.S., however, offset geopolitical tensions.
The Thomson Reuters/University of Michigan's final April consumer sentiment index came in at 84.1, beating market expectations for a 83.0 reading. April's preliminary reading was 82.6.
The euro, meanwhile, continued to battle homegrown pressures.
European Central Bank President Mario Draghi said Thursday that the euro exchange rate is an "increasingly important factor" in monetary policy. The exchange rate is not a policy target in itself, but the bank’s monetary policy stance could be affected by a continued appreciation in the currency, Draghi added.
He also said the ECB could launch a "broad-based" asset purchase program if the medium-term inflation outlook deteriorated.
The euro was up against the pound, with EUR/GBP up 0.02% to 0.8234, and down against the yen, with EUR/JPY down 0.20% at 141.24.