30 Jan 2015
EUR/USD bounces off 1.1300 following US GDP
FXStreet (San Francisco) - The US Dollar is trading on the defensive following the weak US GDP figure of 2.6% in Q4 and it's losing ground versus the Euro.
After declining around 70 pips from 1.1360, the EUR/USD found buying interest at 1.1290 where the pair rebounded to trade at 1.1330.
Currently, EUR/USD is trading at 1.1330, up 0.01% on the day, having posted a daily high at 1.1365 and low at 1.1292. EUR/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.
EUR/USD levels
If the pair consolidates the bounce, it will find next resistances at 1.1360 area, 1.1390 and 1.1400. To the downside, supports are at 1.1300, 1.1260 and 1.1230.
After declining around 70 pips from 1.1360, the EUR/USD found buying interest at 1.1290 where the pair rebounded to trade at 1.1330.
Currently, EUR/USD is trading at 1.1330, up 0.01% on the day, having posted a daily high at 1.1365 and low at 1.1292. EUR/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.
EUR/USD levels
If the pair consolidates the bounce, it will find next resistances at 1.1360 area, 1.1390 and 1.1400. To the downside, supports are at 1.1300, 1.1260 and 1.1230.