US Consumer Confidence Data Brings About Parity in EUR/USD

The euro had pared some of it losses in today’s trade market against the US dollar, it managed to move back to above the much wanted level of 1.33 mark and this was after a report was released showing that the consumer confidence in the US had increased to a higher percentage than what was expected of it in April.

The trading pair of the EUR/USD had risen from the regular lows of about 1.3277 and could be contributed because of the data that was released by the Conference Board, which is the research group, so that it would get to a level of 1.3325 during the European trade while it shed itself at 0.43%.

The trading pair was to find its support at a level of 1.3201, which was the low it had reached on Friday and the lowest in one year, with a resistance level of 1.3692 which was the highest since April 12.

During the early European trade on Tuesday the euro had fallen as against the greenback and this was after Germany’s junior coalition party had made a mention that they were not very certain about backing Greece, and this bought about a few more fears about Greece who is currently under debts that will not secure the aid in time so as to avoid any kind of default.

Against the yen the euro was down as well the EUR/JPY shed about 1.01% to get to a level of 124.44