Forex - EUR/USD up at the end of European session

Forex News - The Euro was higher against the U.S. Dollar on Wednesday after the release of euro zone data on Industrial Production.

EUR/USD was trading at 1.3804, up 1.20% at time of writing.

The pair was likely to find support at 1.3361, Friday’s low, and resistance at 1.3817, today’s high.

Earlier in the day, official data showed that Industrial production in the euro zone rose unexpectedly to a seasonally adjusted 1.2% last month from 1.1% in the preceding month whose figure was revised up from 1.0%.

Analysts had expected Euro zone industrial production to fall -0.8% last month.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.06% to hit 0.8761 and EUR/JPY rising 2.07% to hit 106.72.