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Forex pairs in this Article » EUR/USD (Edinburgh) - The EUR/USD remains in the red territory on Wednesday, ahead of the US GDP Annualized and the PCE data due later.

EUR/USD under pressure

Prior surveys expect the US economy to have expanded at an annual pace of 2.4% during the first three months of the year, matching the previous reading. Regarding the Core Personal Consumption Expenditures, market consensus points to a 1.3% advance during the same period.

EUR/USD levels to watch

At the moment the pair is down 0.41% at 1.3027 and a violation of 1.2956 (low Jun.3) would target 1.2944 (low May 31) en route to 1.2934 (low May 30). On the upside, resistance levels align at 1.3087 (high Jun.26) followed by 1.3151 (high Jun.25) and then 1.3161 (low Jun.20).
EUR/USD niveles críticos
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