Continuing its five day losing streak, the Euro further drops by 0.5% to close at 1.0546

Friday at a glance: the Euro dipped as low as 1.0542 before recovering some lost ground. However, the rebound failed to push the stock to where it started the session (1.0593) with EUR/USD closing the day at 1.0546.

Euro-Dollar's value drop coincided with the fact that AUD/USD lost 1.23% Friday and closed at 0.681.

Positive performances can be seen by looking at other currencies as USD/JPY soars 1.37% Friday and closed at 134.65. USD/SGD surges 0.63% Friday and closed at 1.3421.

With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as United States Core Durable Goods Orders is projected to outperform its last figure with 0.1%. It previously stood at -0.2%; data will be released tomorrow at 13:30 UTC.

Some optimism can drawn from the fact that as things stand, upcoming United States Pending Home Sales data is projected to fall short of market expectations with newly published data of 1%, following on from the preceding figure of 2.5%. New data is set to be published tomorrow at 15:00 UTC.

Furthermore, Euro Zone ECB's Lane speech is expected tomorrow at 17:00 UTC.

After setting a supportive marker at 0.9596 around 4 months ago, the Euro is now trading 10.45% above this level.