2014.04.1604:02:00UTC+00Stronger-Than-Consensus US Data Today may Pull Eur Back to Next Support Level at 1.3770

Quotes from UniCredit Research:

-EUR: EUR-USD has managed so far to hold the line at 1.38, in spite of some potential drags seen in the last few days. The stronger-than-consensus US data releases we expect today may pull the euro back to the next support level at 1.3770, but even in this case EUR-USD resilience to the downside is likely to resume quickly, especially if the Fed Beige book and another speech by the Fed's Janet Yellen later today refrain from re-igniting the debate on the bank's decisions once tapering has ended.