Euro currency increased against US dollar, passing the psychological level earlier today, but as of late gains seemed limited. US dollar advanced versus its peers ahead of crucial economic data from United States.
Having hit 1.3007 during European session, EUR/USD pair showed pull back, subsequently, falling down to 1.2952, but still on positive territory for the whole day. Support was expected at 1.2836, lowest value from yesterday, while next resistance was to be encountered at 1.3028, highest from May 14th.
US dollar was suddenly supported after announcement by Reuters, that Japanese governments public pension fund was looking for an option to change its risk management strategy in order to make up for the rise of domestic shares in the current volatile situation.
Markets still await the crucial US data, regarding Initial Jobless Claims, Pending Home Sales and revised GDP.
Meanwhile, the euro managed to increase versus the British pound, as EUR/GBP reached 0.8563, and also versus the Japanese yen, with EUR/JPY expanding to 131.61.
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