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Forex pairs in this Article » EUR/USD (Barcelona) - With a disappointed market at the US, on the annualized GDP contraction by -0.1% in Q4 (previously at 3.1% growth in Q3), according to the preliminary report, the EURUSD is now extending gains higher after digesting the US data. The pair is rallying above 1.3570.

The US ADP employment report found mixed feelings among investors as the stronger than expected January figure (192K, above 165K consensus) only compensates the revision lower of December data (from 215K to 185K). The FOMC decision is due at 19:15 GMT. analysts point to resistances at 1.3585 and 1.3630. On the downside, supports might be found at 1.3535, 1.3500 and 1.3475.
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