US Gross Domestic Product (GDP) (Q4) declines to 2.2% , USD falls again !

USA16 clcy8s min
USA16 clcy8s min

The US Gross Domestic Product (GDP) (Q4) has declined  to 2.2% , below expectations 2.4% . This development should weak the Us dollar , let’s see market impact over major currencies :

EURUSD : The pair was rejected above main support on daily time frame 1.0766 , eyes on 1.0905 levels , a clear break would open 1.0960/1.1051 levels ..

GBPUSD : Resistance comes at the 1.4860 levels , sustained breakout would open the psycho level 1.5000 before the next fall..

USDJPY : As long as 119.58 resistance holds on a daily closing basis , further down couldn’t be ruled out , eyes on 119.00/118.00 levels.

USD-INDEX : Daily chart resistance comes at the 97.70 levels , stability below this level could mean a return to the 95.39 levels , a clear break above the 97.70 levels would open 100.00 levels ..

Next event : US Michigan Consumer Sentiment (Mar) at 14:00 GMT …

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