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Forex - EUR/USD up during the European session

Published 06/17/2011, 11:00 AM
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 1.4308, up 0.74% at time of writing.

The pair was likely to find support at 1.4074, Thursday’s low, and resistance at 1.4498, Tuesday’s high.

Earlier in the day, preliminary data showed that U.S. UoM consumer sentiment fell more-than-expected to a seasonally adjusted 71.8 last month from 74.3 in the preceding month.

Analysts had expected UoM consumer sentiment to fall to 74.0 last month.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.67% to hit 0.8851 and EUR/JPY rising 0.001% to hit 114.56.

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