Forex News Trading - The euro strengthened against the U.S. dollar is quite high on the trade Thursday, although Germany Ifo data release decreases, as the greenback sentiment still fragile ahead of a speech Federal Reserve Chairman Janet Yellen, Friday tomorrow.
EUR/USD reaches 1.1280 in European morning trading, with the couple then consolidated at 1.1272, up 0.08%.
These couples tend to seek support in 1.1239, on August 17, the low level and resistance at 1.1316, high level Wednesday yesterday.
The previous data show that Germany Ifo business climate Index dropped to 108.3 106.2 this month than in July, the previous estimate that thinks will rise to 108.5 misses.
Meanwhile, the greenback remains under pressure due to market participants waited to see if Yellen will reiterate the views of Netanyahu as expressed by Fed officials last week at a meeting of the treatise the Fed last July.