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Trading news
26 Apr 2013
Forex: EUR/USD climbed to 1.3040 on US GDP
FXstreet.com (Barcelona) - The bloc currency picked up pace and rose to levels shy of 1.3040 on Friday, after the US economy grew 2.5% on a yearly basis during the first quarter, below the median at 3.0% albeit bettering the previous expansion of 0.4%.
Further data showed that the inflation figures, measured by the Personal Consumption Expenditures, rose below expectations 0.9% during the same period. The Core print rose 1.2%.
At the moment, the pair is up 0.09% at 1.3023 facing the next resistance at 1.3094 (high Apr.25) ahead of 1.3130 (high Apr.19) and then 1.3202 (high Apr.16).
On the flip side, a breach of 1.2988 (low Apr.25) would the target 1.2954 (low Apr.24) en route to 1.2948 (MA200d).
Further data showed that the inflation figures, measured by the Personal Consumption Expenditures, rose below expectations 0.9% during the same period. The Core print rose 1.2%.
At the moment, the pair is up 0.09% at 1.3023 facing the next resistance at 1.3094 (high Apr.25) ahead of 1.3130 (high Apr.19) and then 1.3202 (high Apr.16).
On the flip side, a breach of 1.2988 (low Apr.25) would the target 1.2954 (low Apr.24) en route to 1.2948 (MA200d).