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FXstreet.com (Barcelona) - The pair has recovered from the doldrums this afternoon during European trading following the publication of a plethora of economic indicators across the North American economies. The mixed news has clearly favored the greenback, causing the pair to print a fresh daily high of 1.0036.

In the United States, Personal Income (MoM) rose +0.5% in June against a consensus of only +0.4%. In addition the Core Personal Consumption (MoM, YoY) Indices yielded results exactly in line with their expectations, posting growth of +0.2% and +1.8% respectively. The lone blemish to an otherwise solid US economic report Tuesday was Personal spending in June, which fell -0.1% against estimates of +0.1%. Conversely, in Canada, Gross Domestic Product (MoM, YoY) rose only +0.1% and +2.0% respectively.

Following the release of the indicators, the pair erased its gains and jumped to the region of 1.0033, marking an appreciation of +0.16% above it's opening price. According to P. Anantharajan, an analyst at Precise Trader, "The pair has renewed the downtrend started several days ago. The current downside focus is now on 1.000/0.9940. As such, a break below 0.9940 will expose the strong 0.9900/0.9800 support, while the 1.0055/1.0105 resistance is likely to cap the pairs strength."

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