Bullish currency pair Euro-Dollar runs out of steam at 1.1073; currently at 1.1046

EUR/USD rallies 69 pips (0.63%) deep into the session, trading at 1.1046.

United States Core Durable Goods Orders data will be released today at 12:30 UTC, with an expected decline to -0.2%.

This move comes while some more positive signs for Euro-Dollar are out as highly important Consumer Confidence data from United States beat analyst expectations of 104 with a reading of 101.3.

Meanwhile, Germany GfK Consumer Climate (May) released today at 06:00 UTC with a figure of -25.7, while the previous figure was -29.3. United States New Home Sales (Mar) came out at 683,000, while a consensus of analysts was expecting 630,000.

A look at other currencies also shows bullish price action as EUR/AUD gained 1.12% and is currently trading at 1.6739. GBP/NZD rallies 0.75% to trade around 2.0364. EUR/NZD added 0.93% to its value, now trading at 1.8034.

Furthermore, the market is looking at France Jobseekers Total projected to decline to 2.79 million while previous data was 2.78 million; data will be released today at 10:00 UTC. Italy 10-Year BTP Auction is scheduled for tomorrow at 09:10 UTC. Euro Zone ECB's De Guindos speech is expected today at 12:00 UTC.

The currency pair has been trending positively for about a month. Euro-Dollar is now trading 0.65% away from its significant high of 1.1049 first tested 2 days ago.