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Apr 30 - 04:55 AM

EUR/USD - Bulls Hold The Upper Hand Ahead Today's GDP Data

By Jeremy Boulton  —  Apr 30 - 02:48 AM
  • EUR/USD reached 3 week high at 1.2150 yesterday and closed 1.2121

  • Today's 1.2112-26 EBS range unfolds above yesterday's 1.2103 low

  • Bullish signal with 21-DMA crossing above 55-DMA yesterday

  • Solid support @ 100-DMA 1.1970, underpinned EUR/USD for three days Apr 26-28

  • 20-Day Bollingers now rising steeply are 1.1996-1.2180

  • German GDP at 9GMT f/c -1.5% qq from 0.3% and -3.2% from -3.7%

  • Eurozone GDP at 10GMT f/c -2% yy from -4.9% yy and -0.8% qq from -0.7%

  • Eurozone April HICP data eyed 1.6% yy from 1.3% yy


EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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