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Forex pairs in this Article » EUR/USD
FXStreet (Edinburgh) - The single currency is now accelerating its upside, pushing the EUR/USD to the boundaries of the 1.3700 handle.

EUR/USD lifted by data

The pair is reacting positively after the German economic activity expanded 0.4% inter-quarter during the last three months of 2014, surpassing expectations and previous print at 0.4%. On a yearly basis, the GDP expanded 1.3%, in line with consensus. Earlier, French GDP also bettered forecasts, growing 0.3% QoQ. Ahead in the day Italian GDP (0.1% QoQ exp.) and the more relevant EMU’s GDP (0.2% QoQ exp.) are also due, expected to dictate the price action during the European morning.

EUR/USD levels to watch

As of writing the pair is advancing 0.10% at 1.3696 with the next resistance at 1.3700 (psychological level) followed by 1.3716 (high Jan.27). On the downside, the initial support is parked at 1.3572 (10-d MA) followed by 1.3563 (low Feb.12) and finally 1.3552 (low Feb.7).
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