EUR/USD extends the recovery to the 1.1060 region ahead of data

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EUR/USD extends the recovery to the 1.1060 region ahead of data
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EUR/USD extends the recovery to the 1.1060 region ahead of data – by pabspiovano EURUSD Currencies Majors

EMU Consumer Confidence, Economic Sentiment next on tap.The optimism among market participants remains firm and pushesEUR/USD so far advances for the second session in a row and maintains the multi-week rally well and sound and with the immediate target now at the 1.1100 round level. It is worth noting that the pair closed with gains in 8 out of the last 9 weeks, having gained more than 5 cents since late February.

Later in the euro docket, the final Consumer Confidence gauge is due seconded by Economic and Industrial Sentiment. In the US, advanced Q1 GDP Growth Rate will be in the limelight seconded by usual weekly Initial Claims and Pending Home Sales.EUR/USD keeps the positive performance and continues to consolidate the recent breakout of the psychological 1.1000 barrier.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

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