euro quotations against the dollar in the forex trading on Friday rose, reason for the growth was the downward correction of greenbacks. Published in the Eurozone data released better than expected, which supported the currency of the Old World. index of business activity in the services sector in June increased to 55 while the forecasted value of 53.7. index of business activity in the manufacturing sector amounted to 55, which corresponds to the forecast. The composite PMI rose to 54.8 against the forecast of 53.9. Statistics from the United States came out mixed. index of business activity in the manufacturing sector fell to 54.6 against the forecast of 56.5. index of business activity in the services sector amounted to 56.5 against the forecast of 56.4.
According to technical analysis, the euro dollar closed the trading week at 1.1645-55, if the euro buyers will be able to gain a foothold, the possible increase in euro to the level of 1.1700 and then 1.1740. If the bears on the euro to reverse the situation and the EUR / USD breaks through the 1.1600 level may be reduced to 1.1500.
Based on materials WELTRADE