EUR/USD : New lows in the face-to-GDP US higher expectations


© Reuters. EUR/USD, Euro-Dollar

The Usa’s GDP for the first quarter of 2018 came in this afternoon above the consensus, up +2.3%, vs. +2% expected and +2.9% previously.

This is the best first quarter for the US economy for the year 2015.

On the Forex, these figures have led to a new low marginal at 1.2059 on the EUR/USD, but do not seem to lead to a sharp acceleration to the downside for the moment.

The figures released today are, however, likely to support a continuation of the bearish trend of the EUR/USD pair. If the fall accelerates, the next support to take account of lie at 1.2050, 1.20 (psychological level major) and 1.1916 (hollow annual 2018).

The increase, the area of 1.21 is the first resistance.

Finally, it should be noted that traders will have to still monitor the consumer confidence index US, according to the University of Michigan (16h, with a possible influence on the Dollar.

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