EUR USD Fundamental Analysis 3
8/12/2016 2:22:19 PM
The single currency has now left the negative territory and is raising EUR/USD to the 1.1140/45 band after positive consequences in Germany. The pair keeps the trade within a narrow range at the end of the week, managing to recoil overnight lows in the 1.1130 region to the current 1.1140/45 area. Moreover, EUR found extra support in the favorable results from German Q2 GDP figures, showing the economy is expected to have expanded 0.4% inter-quarter and 3.1% on a yearly basis. Additional data saw German inflation figures matching its preliminary readings for the month of July. The pair is now up 0.04% at 1.1143 and a break above 1.1193 would open the door to 1.1236 and ultimately 1.1263. On the other hand, the immediate support line up at 1.1085 ahead of 1.1043 and then 1.0950. https://www.fxervin.com/ https://www.facebook.com/FxErvin/