FXStreet (Edinburgh) – The single currency is keeping the daily range vs. the US dollar on Friday, with EUR/USD currently around 1.0970/60.
EUR/USD apathetic after US GDP
Spot remained practically unchanged after the second revision of the US GDP showed the economy contracted at an annual pace of 0.7% during the first three months of the current year, down from the 0.2% gain seen in the first revision, albeit bettering previous estimates at -0.8%.
Next of relevance will be the final figures of the US Consumer Sentiment tracked by the Reuters/Michigan index.
EUR/USD levels to watch
At the moment the pair is up 0.17% at 1.0967 with the next resistance at 1.0991 (high May 29) followed by 1.1062 (low May 20) and then 1.1067 (38.2% of 1.1468-1.0819). On the downside, a break below 1.0867 (low May 28) would target 1.0819 (low May 27) and finally 1.0785 (low Apr.24).
(Market News Provided by FXstreet)