FXstreet.com (Córdoba) - The Euro rebounded at 1.4270 and rose sharply to 1.4315 after the release of Gross Domestic Product figures in the U.S. EUR/USD is now up for the day so far and is rising for the first time after falling in the last five sessions. To the upside the next resistance could be located at 1.4330 (intra-day high) and above at 1.4370/80 (Dec 21 high).

Valeria Bednarik, collaborator at FXstreet.com points out that a break above 1.4340 should turn bullish the pair for the day, at the U.S. GDP Live Coverage.

U.S. GDP has advanced at an annual rate of 2.2% during the third quarter of the year, well below the 2.8% increase estimated previously. Market analyst expected a GDP growth of around 2.7%.