FXstreet.com (Barcelona) - Euro and Pound reacted upwards to a wider than expected U.S. trade gap although they both were unable to break through intra-day resistances and remain trading in a tight range after having rallied during Asian and European sessions.
EUR/USD jumped from levels around 1.4877 to hit 1.4890 resistance and bounced back to 1.4890. The Euro remains moving between 1.4860 and 1.4890 after its recovery from 1.4820 was capped at 1.4900.
GBP/USD jumped from 1.6675 to 1.6695 to drop back to 1.6665 afterwards. The Pound rallied previously from 1.6515 to stall at 1.6700, and has been moving from 1.6660 to 1.6700 ever since.
U.S. trade deficit widened to $36.5 Billion in September from $30.8 Billion in August, upwardly revised from $30.7 B. September's trade deficit has beaten market consensus of a $32.0 Billion trade gap.