EUR/USD within range post-US GDP

FXStreet (Edinburgh) – The single currency is keeping the daily range vs. the US dollar on Friday, with EUR/USD currently around 1.0970/60.

EUR/USD apathetic after US GDP

Spot remained practically unchanged after the second revision of the US GDP showed the economy contracted at an annual pace of 0.7% during the first three months of the current year, down from the 0.2% gain seen in the first revision, albeit bettering previous estimates at -0.8%.

Next of relevance will be the final figures of the US Consumer Sentiment tracked by the Reuters/Michigan index.

EUR/USD levels to watch

At the moment the pair is up 0.17% at 1.0967 with the next resistance at 1.0991 (high May 29) followed by 1.1062 (low May 20) and then 1.1067 (38.2% of 1.1468-1.0819). On the downside, a break below 1.0867 (low May 28) would target 1.0819 (low May 27) and finally 1.0785 (low Apr.24).

The single currency is keeping the daily range vs. the US dollar on Friday, with EUR/USD currently around 1.0970/60…

(Market News Provided by FXstreet)