EUR/USD changed a little after EMU data

The shared currency kept the range after the Construction Output in the euro area contracted 1.7% on a monthly basis during March, prolonging the negative momentum in the cross after February’s drop of 0.3%.

Against the backdrop of mounting rumours about the next steps of the Fed, Strategist Derek Halpenny at BTMU commented, “Next week we have Bernanke testifying to the Joint Economic Committee (Wednesday) and this is now is a very important event for shaping market expectations”.

As of writing, the pair is losing 0.10% at 1.2869 with the next support at 1.2843 (low May 15) ahead of the psychological mark at 1.2800 and finally 1.2740 (2013 low Apr.14).
On the flip side, a breakout of 1.2930 (high May 16) would open the door to 1.2943 (high May 15) and then 1.3030 (high May 14).