EUR/USD, US dollar stronger after GDP data!
Here we are again at daily MA100 and at the important support for the euro. This time the sellers looks stronger then before two days, when they surrendered at 1.0956. Can the buyers defend this level again and turn the pair in they favor one more time? As I have already wrote in my previous EUR/USD analysis, this level at 1.0910/40 is strongly in favor of the buyers and it will be surprise to me if the sellers manage to brake this today, despite better US GDP data then we have expected. Interesting end of the week for sure. On the way back up, 1.1010/20 is the first minnor resistance, daily MA200 at 1.1050 the second one and 1.1120/30 the stronger one. Let’s see how will this day and week ended?