The Euro advanced versus the Dollar to a 6 week high as reports in US showed slower economic growth than expected. Breaching the 1.2670 level might extend the positive momentum in the pair. Overall, EUR/USD traded with a low of 1.2479 and with a high of 1.2660. Today, the GDP is expected unchanged at 0.2%. German Factory Orders is expected at 0.5% vs. 2.8% previously.

EUR/USD - Last: 1.2585

Resistance

1.2600

1.2660

 

Support

1.2570

1.2480

 

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