The upbeat momentum around the single currency is gaining traction, lift EUR / USD to test new highs near 1.1140.
EUR / USD rose to Miss US GDP
Point saw its renewed mouth after GDP figures advanced US have reached below consensus for the second quarter, showing that the economy is expected to expand at an annualized pace of 1.2% vs. 2.6% initially estimated and to gain 0.8% in Q1 (revised from 1.1%).
Following are the final figures barrel of consumer confidence as measured by the Reuters / Michigan index (90.5 exp.) And the speeches of Williams and Kaplan FOMC.
EUR / USD levels to see
The couple is now gaining 0.48% to 1.1130 versus 1.1166 initial obstacle (high Jul.14), followed by 1.1184 (high Jul.5) and then 1.1260 (base upstream channel 7 months). On the other hand, a breakdown of 1.0950 (low Jul.25) would target 1.0913 (post-Brexit low Jun.24) en route to 1.0820 (low Mar.10).