Filed Under:
Forex pairs in this Article » EUR/USD
FXStreet (Edinburgh) - The shared currency keeps pushing higher at the end of the week, lifting the EUR/USD to fresh 3-week highs beyond 1.3710.

EUR/USD firmer, eyes on EMU GDP

A more favourable context for the risk appetite is benefiting the pair so far, supported at the same time by auspicious results from both French and German GDP figures during Q4 2013, expanding beyond estimates 0.3% QoQ and 0.4% QoQ, respectively. “The individual growth components will only be released at the end of the month but available monthly data and the statistical office’s press release suggest that growth was driven by exports and domestic investment”, commented Carsten Brzeski, Analyst at ING.

EUR/USD key levels

At the moment the pair is up 0.13% at 1.3700 facing the next hurdle at 1.3716 (high Jan.27) followed by 1.3740 (high Jan.24) and then 1.3776 (2014 high Jan.2). On the flip side, a breakdown of 1.3608 (Kijun Sen line) would open the door to 1.3595 (daily cloud base) and finally 1.3585 (low Feb.13).
comments powered by Disqus