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Forex - EUR/USD up at the end of U.S. session

Published 08/12/2011, 05:10 PM
EUR/USD
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EUR/JPY
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Investing.com - The Euro was higher against the U.S. Dollar on Friday after the release of U.S. data on Michigan Consumer Sentiment Index.

EUR/USD was trading at 1.4248, up 0.06% at time of writing.

The pair was likely to find support at 1.4105, Thursday’s low, and resistance at 1.4401, Wednesday’s high.

Earlier in the day, preliminary data showed that U.S. UoM consumer sentiment fell more-than-expected to a seasonally adjusted 54.9 last month from 63.7 in the preceding month.

Analysts had expected UoM consumer sentiment to fall to 63.0 last month.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.19% to hit 0.8754 and EUR/JPY falling 0.12% to hit 109.29.

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