After three days of persistent declines, Euro-Dollar was flat yesterday

A quick look at yesterday: having ended a bullish session yesterday at 1.0731, momentum helped EUR/USD finish the day 1 pips or 0% higher, although mixed sentiments ensured Euro-Dollar etched out a distinct 1.0705 to 1.076 session range.

Euro-Dollar upside coincides with further encouraging market factors as following a previous reading of 0.3%, Core Durable Goods Orders in United States released yesterday at 12:30 UTC fell short of the 0% figure expected by analysts with an actual reading of -0.2%.

At the same time, Euro Zone CFTC EUR speculative net positions released yesterday at 20:30 UTC with a figure of 173,700, while the previous figure was 187,100. United States Core PCE Price Index (MoM) (Apr) came out at 0.4, while a consensus of analysts was expecting 0.3.

Elsewhere, other currency pairs are also gaining ground as GBP/NZD is trading around 2.0417 after ending yesterday's session at 2.0311 (up 0.52% today). Notably, GBP/JPY rose 0.64% yesterday and closed at 172.53. USD/JPY increases 0.41% yesterday and closed at 140.05.

As things stand, the Euro is 3.09% away from a significant high of 1.1073, first set 24 days ago.