OctaFX | OctaFX Forex Broker
Open trading account
Back

EUR/USD around 1.2920 ahead of German GDP

FXstreet.com (Barcelona) - The shared currency is posting marginal losses vs. the greenback on Friday, ahead of the German GDP figures for the first quarter.

Prior estimates expect the German economy to have expanded 0.1% inter-quarter and contracted 1.4% on a yearly basis. Further data will show results of the Gfk Consumer Confidence Survey, expected to stay put at 6.2 for the month of June.

As of writing, the pair is down 0.08% at 1.2921 and a violation of 1.2809 (low May 20) would open the door to 1.2796 (low May 17) and then 1.2754 (weekly cloud base).
On the flip side, resistance levels are located at 1.3011 (MA21d) followed by 1.3030 (high May 14) and finally 1.3051 (high May 10).

Session Recap: Wild end of week in Asia-Pacific; USD slightly lower

High volatility intraday today again in Asia-Pacific to end the week for second consecutive day, specially in the USD against the Yen, also transferred to Aussie, with USD/JPY first making session highs around the 102.60 area, to selling off afterwards to as low as 101.08 in no time. AUD/USD fell more than 100 pips from session highs near 0.9750 at the start to session lows at 0.9645.
Read more Previous

Germany Gfk Consumer Confidence Survey rises to 6.5 in Jun from 6.2 in May

Read more Next
Start livechat