Euro-Dollar records flat yesterday on the back of 3rd straight day of declines

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 United States Core Durable Goods Orders fell short of the 0% projections, with new data of -0.2%.

Meanwhile, 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.

Other currencies are also rising 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. EUR/JPY ascends 0.43% yesterday and closed at 150.22.

The Euro is now trading 3.09% away from its significant high of 1.1073 first tested 24 days ago.