Gross Domestic Product (GDP) is the broadest measure of economic activity and is a key indicator of economic health. The quarterly percent changes in GDP show the growth rate of the economy as a whole.
The German (GDP) fell from 0.7% to 0.3% in the previous quarter, analysts had expected German GDP to stand around 0.5% last quarter.
This development should effect EURUSD in 2 ways:
Medium term: The effect will show within weeks: (It will limit the upward moves)..
Short term: The effect will appear immediately and will last for a couple of days, since the daily trend is up, limited losses are likely before the next rise…
Recommendations : Buy EURUSD on dips, support area 1.1178 levels….
