Investing.com - The euro trimmed losses against the U.S. dollar on Friday, but remained under pressure as upbeat U.S. consumer sentiment data added to optimism over the strength of the country's economy and as Greek debt negotiations remained in focus.
EUR/USD eased off 1.1155, the session low, to hit 1.1194 during U.S. morning trade, still down 0.09%.
The pair was likely to find support at 1.1133, the low of June 23 and resistance at 1.1295, the high of June 15.
The University of Michigan reported on Friday that its consumer sentiment index rose to a five-month high of 96.1 this month from 94.6 in May, exceeding expectations for an unchanged reading.
The UoM also reported that its inflation expectations for the next 12 months remained unchanged at 2.7% in June.
Meanwhile, market sentiment remained under pressure as negotiations between Greece and its creditors broke down once again on Thursday.
Time is running out for the Greek government to secure a deal to unlock bailout funds ahead of the looming deadline for a €1.6 billion repayment to the International Monetary Fund on June 30.
If Greece misses the payment it risks going into default, which could trigger the country’s exit from the euro area.
The euro was steady against the pound, with EUR/GBP at 0.7106.