The Euro lost most of its gains yesterday as the Dollar found some bid towards the end of the US session after the 10-year US treasury yields increased as high as 0.73. However, the Single currency bulls will remain in control as long as price remains above the 50-period SMA, for a probability to revisit 1.1850. Having said that, the shared currency may come under pressure, if the Eurozone GDP shows a bigger-than-expected economic contraction in the second quarter.
Support: 1.18/ 1.17
Resistance: 1.1850 / 1.19
