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EUR/USD below 1.27 lowest since 2012

FXStreet (Guatemala) - EUR/USD is trading at 1.2687, down -0.49% on the day, having posted a daily high at 1.2762 and low at 1.2678.

EUR/USD is the lowest point since Sep 2012. Yellen’s statements of late are being followed up and that is weighing on the euro as divergence continues between the central banks policies for the longer term. The catalyst for todays declines came in the form of the US GDP that was first up and revised to 4.6% in the Q2 from 4.2%. Then the final number was in line with expectations, the highest figure since Q4 2010 and the catalyst for a firmer greenback today. PCE was falling in line at 2.3% up on 1.4% previous and the, although missing expectations slightly, it rose to 84.6 in September up from 82.5 on the previous month.

EUR/USD levels

Spot is presently trading at 1.2688, and next resistance can be seen at 1.2697 (Yesterday's Low), 1.2703 (Daily Classic S1), 1.2716 (Weekly Classic S2), 1.2727 (Hourly 20 EMA) and 1.2744 (Daily Classic PP). Support below can be found at 1.2678 (Daily Low), 1.2657 (Daily Classic S2), 1.2616 (Daily Classic S3), 1.2605 (Weekly Classic S3) and 1.2060 (3 Year Low).

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