EUR/USD boosted after US GDP!
First reaction on better then expected data was decline to 1.2390 and then reverse reaction after wich EUR/USD broke the previous resitance at 1.2450/60. In my yestreday EUR/USD analysis I draw this possible scenario, stop at 1.2450/60, back and posible rebund from the level 1.2395! For now, the pair stoped at 23.6 fibo return from the October 15. November 07. fall. This level was resistance for 5 days, after the pair find bottom on November 7., after wich manage to brake it, but Mr. Draghi return the pair bellow last week at Friday. The pair is trying to recover again and there is several restance areas on the way. First is this 23.6 fibo level, second 1.2500/10, and third 1.2570/80. On the way back, there is 1.2450/60 again as support, follows 1.2400 and 1.2350/60.