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EUR/USD keeps the range post-US data

FXStreet (Edinburgh) - The shared currency kept the composure after the US releases on Thursday, with EUR/USD gyrating around 1.2590/95.

EUR/USD apathetic on US GDP

Spot showed no reaction after the preliminary revision of the US GDP for the third quarter. The US economy expanded at an annual pace of 3.5% in Q3, leaving behind estimates albeit lower than the previous 4.6% expansion. Further data showed Initial Claims at 287K, a tad higher than the 283K expected and up from 284K (revised from 283K), while inflation measured by the PCE rose 1.2% on a yearly basis in Q3.

EUR/USD key levels

The pair is now losing 0.32% at 1.2590 and a breach of 1.2504 (low Oct.6) would expose 1.2501 (2014 low Oct.3) and then 1.2493 (low Aug.31). On the upside, the initial hurdle aligns at 1.2639 (high Oct.30) followed by 1.2690 (10-d MA) and finally 1.2691 (21-d MA).

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