According to Shaun Osborne, Chief FX Strategist at Scotiabank, the Euro (EUR) is experiencing a slight 0.2% increase against the USD in Thursday’s NA session. It is performing poorly compared to safe haven currencies but is strengthening against the Australian Dollar (AUD) and Norwegian Krone (NOK). The current market is focused on the deflationary impact of a potential US/Iran agreement. The latest fundamental releases have shown stronger industrial production data for the eurozone, but a slightly weaker result for the second estimate of Q1 GDP. The recent recovery of EURUSD seems to have plateaued, with a consolidation around 1.1200. The RSI is indicating a lack of momentum with little change around the 50 mark. In the short term, there is expected support below 1.1100 and resistance above 1.1250.