The euro rose in forex trading on Thursday, retreating from six-month low. The presented data on German GDP were in line with the predicted values. GDP growth in the first quarter amounted to 0.3%, while year-on-year - 2.3%. the last meeting of the ECB's report released today did not support the single currency, as pointed out that the regulator will not tighten monetary policy in the near future. US data were provided on home sales in the secondary market. In April, sales fell by 2.5% while the forecast decline of 0.2%.
According to technical analysis course eevro \ USD is trading at the 1.1730 mark. Securing above will open the EUR / USD pair to the level of 1.1810, and consolidate will continue to rise to 1.1850. If the EUR / USD pair breaks through the 1.1660 mark and consolidate probably decline in the euro dollar to the target 1.1600.
Based on materials WELTRADE