EUR/USD: The euro declined, extending losses for the third straight session, as trade disputes between the United States and both China and the European Union stoked fears that German growth will slow or even stall in the second quarter. The European currency traded 0.05 percent down at 1.1272, having touched a low of 1.1268 on Thursday, its lowest since June 7.
Investors’ attention will remain on a series of data from the Eurozone economies and ECB Lautenschlager and De Guindos’ speech, ahead of the U.S. retail sales, capacity utilization, industrial production and business inventories. Immediate resistance is located at 1.1309 (June 6 High), a break above targets 1.1359 (Mar. 18 High). On the downside, support is seen at 1.1251 (June 7 Low), a break below could drag it below 1.1201 (May 14 Low).
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