USD Rises On Positive GDP(1.0%) In Q4 !


The U.S GDP rose 1.0%, from 0.7% in the previous quarter, analysts had expected it to fall 0.4% in the last quarter….

This development should support the USD…EURUSD: The pair has declined to the main support 1.0980 levels, the pair is under heavy pressure…

USDJPY: The pair is challenging main resistance at the 113.16 levels…

Crude Oil: The Crude Oil rises on US data, it’s so close from the 35.00 levels…

EURUSD Summary: As long as 1.1030 resistance holds on a 4-hour closing basis, Intraday outlook in EURUSD remains on the downside towards the 1.0945 levels, a halt is likely but a cut would open 1.915 next, further down, support comes at the 1.0875 levels. On the upside, main resistance comes at the 1.1030 levels, a break above this level will challenge daily chart resistance 1.1070………Anyway: the EURUSD continues to face downside threats below 1.1030 levels in the short term view….

EURUSD -H4-Feb 26