Wednesday’s Major Currency Pairs Analysis: EUR/USD, GBP/USD, USD/JPY

EUR/USDThe euro fell slightly on Tuesday in a subdued day of trading, as continuing instability regarding the Greek debt crisis weighed on the euro. The euro remained under pressure after the ZEW Centre for Economic Research said that its index of German economic sentiment declined by 1.5 points to 53.3 this month from March’s reading of 54.8. Analysts had expected the index to improve by 0.5 points to 55.3 in April.

EUR/USD 4-Hour Chart

GBP/USDThe pound slipped lower against the U.S. dollar in quiet trade on Tuesday, as the greenback continued to recover from a recent batch of downbeat U.S. data.

GBP/USD 4-Hour Chart

USD/JPYThe dollar trimmed gains against the Japanese yen on Tuesday, but remained supported as the greenback continued to recover from the previous week’s disappointing U.S. data.

USD/JPY 4-Hour Chart

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