France: Gross Domestic Product (QoQ) (Q4): -0.3% vs 0.1% (Q3)

Commerzbank analysts have a negative outlook as the market remains directly offered intraday below 1.3037/50 and targets 1.2679/61 (61.8% Fibonacci retracement of the July-to-January rise and the November 2012 low), “Longer term we target the 78.6% Fibonacci retracement at 1.2400 and then 1.2042, the 2012 low”, wrote analyst Karen Jones.