End of rally? After five days of gains, the Euro is down 54 pips today

After a mostly steady day, EUR/USD loses 54 pips late into the session, trading at 1.0906.

United States Crude Oil Inventories didn't cause a noticeable effect even though it falls short expectations with -3.74 million.

In contrast, positive data for the Euro reported earlier when highly important Crude Oil Inventories data from United States beat analyst expectations of -2.33 million with a reading of -3.74 million.

Meanwhile, United States ISM Non-Manufacturing PMI (Mar) released today at 14:00 UTC with a figure of 51.2, while the previous figure was 55.1. United States ADP Nonfarm Employment Change (Mar) came out at 145,000, while a consensus of analysts was expecting 200,000.

In the meantime, negative performances are seen in other pairs, after ending yesterday's session at 144.21, EUR/JPY lost 110 pips and is trading around 143.11. EUR/NZD dips 0.57% to trade around 1.7257. After ending yesterday's session at 164.53, GBP/JPY lost 98 pips and is trading around 163.54.

Some optimism can drawn from the fact that projections for United States Initial Jobless Claims are set for a continuation of decline with 200,000 while previous data was 198,000; data will be released tomorrow at 12:30 UTC.

Furthermore, as things stand, upcoming Germany Industrial Production data is projected to fall short of market expectations with newly published data of 0.1%, following on from the preceding figure of 3.5%. New data is set to be published tomorrow at 06:00 UTC.

Having established significant support at 0.9596 approximately 6 months ago, the Euro's share price has bounced 14.21% higher.