30.06.201709:16 Forex Analysis & Reviews: Bulls on the euro takes a break

Data released this morning reflected a more optimistic assessment of their prospects among consumers and companies in the eurozone. Once again, it underscores the fact the economy is accelerating in the second quarter of the year.

According to a report by the European Commission, the sentiment indicator rose to 111.1 points in June from 109.2 points in May.

Inflation data from German federal states imply a likely increase in consumer prices this month.

The consumer price index in Hesse rose 0.1% m / m.

ECB official Jens Weidmann's statement somewhat pressured the growth of the euro, who said he considers the current loose monetary policy relevant.

Looking at the technical aspect of the EURUSD pair, an unsuccessful attempt to get past the 1.1420 resistance level resulted in a small profit taking in risky assets and correction of the trading instrument towards intermediate support of 1.1380.

In the afternoon, the US will release its jobs data.

The British pound left with little or no data on the growth of unsecured consumer lending in the UK, failing to cling to new monthly highs against the US dollar.

A Bank of England report stated the volume of unsecured consumer lending surged by £ 1.7 billion in May.