The euro recorded a decrease against the dollar on Thursday. Thus, the single currency lost the accumulated profits from the previous session. If negative direction continue we may expect soon break of support at 1.1171.The session on Thursday started at 1.1472 and the bullish trend prevailed from the start. Bottom of the day was hit at 1.1363, and the session ended at 1.1382.
Tomorrow we have the consumer confidence number out of the US and if the reading comes out better than expected, then the EURUSD may continue dropping from the 1.1400 level to the 1.1300. But if the numbers come out worse than expected, then the pair may go back to the 1.1500 level.
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