Investing.com – The EUR/USD flirted with flat lining between positive and negative territory on Thursday while awaiting comments by European Central Bank head Mario Draghi.
EUR/USD hit a low of 1.3019 during mid session U.S. trade.
The pair is off a high of 1.3054 and is currently trading at 1.3050 slightly higher by 0.03%.
The pair was likely to find support at 1.3039 and technical resistance exists at 1.3049.
The single currency turned to flat lining as markets await the press conference held jointly by Mario Draghi and Bank of England Mervyn King in Frankford after a meeting of the European Systematic Risk Board.
Meanwhile, in Greece, creditors are resisting a push by the International Monetary Fund to accept larger losses on bond holdings.
In the U.S., the Gross Domestic Product increased at a seasonally adjusted rate of 1.8% down from the estimated 2.0%
However, strong employment figures signaled continued growth in the world's largest economy.
The Euro was higher against the pound with EUR/GBP climbing 0.06% to hit 0.8329.
U.S. new home sales figures hit the wire Friday, along with France's GDP.
EUR/USD hit a low of 1.3019 during mid session U.S. trade.
The pair is off a high of 1.3054 and is currently trading at 1.3050 slightly higher by 0.03%.
The pair was likely to find support at 1.3039 and technical resistance exists at 1.3049.
The single currency turned to flat lining as markets await the press conference held jointly by Mario Draghi and Bank of England Mervyn King in Frankford after a meeting of the European Systematic Risk Board.
Meanwhile, in Greece, creditors are resisting a push by the International Monetary Fund to accept larger losses on bond holdings.
In the U.S., the Gross Domestic Product increased at a seasonally adjusted rate of 1.8% down from the estimated 2.0%
However, strong employment figures signaled continued growth in the world's largest economy.
The Euro was higher against the pound with EUR/GBP climbing 0.06% to hit 0.8329.
U.S. new home sales figures hit the wire Friday, along with France's GDP.