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25 Sep 2015
EUR/USD recovery ran into offers ahead of US GDP
FXStreet (Mumbai) - The EUR/USD pair ran into offers around 1.1180 levels, pushing it back to 1.1150 levels as investors await the third estimate of the US Q2 GDP report.
Pair volatile ahead of US GDP
The spot fell to a low of 1.1116 earlier today, before rushing back to meet fresh offers stationed closer to 1.1180 levels. At the moment, the pair is hovering in the range of 1.1150-1.1160 levels. The focus now shifts to the US Q2 GDP report, which could show the growth rate unchanged at 3.7%.
The sentiment on the Wall Street could also offer cues to the EUR/USD pair, especially in case the US GDP report turns out to be a non-event for the markets.
EUR/USD Technical Levels
The immediate support is located at 1.1105 (Sep 23 low), under which the pair could drop to 1.1052 (Mar 26 high). On the other side, resistance is seen at 1.1192 (200-MA) and 1.1251 (hourly 200-MA).
Pair volatile ahead of US GDP
The spot fell to a low of 1.1116 earlier today, before rushing back to meet fresh offers stationed closer to 1.1180 levels. At the moment, the pair is hovering in the range of 1.1150-1.1160 levels. The focus now shifts to the US Q2 GDP report, which could show the growth rate unchanged at 3.7%.
The sentiment on the Wall Street could also offer cues to the EUR/USD pair, especially in case the US GDP report turns out to be a non-event for the markets.
EUR/USD Technical Levels
The immediate support is located at 1.1105 (Sep 23 low), under which the pair could drop to 1.1052 (Mar 26 high). On the other side, resistance is seen at 1.1192 (200-MA) and 1.1251 (hourly 200-MA).