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EUR / USD does not react on Forex following the release of US GDP.
This afternoon, we observed the US growth review figures for the third quarter.
US GDP remained unchanged at 3.5%, while consensus expected an upwardly revised estimate of 3.6%.
However, the Dollar did not react, with EUR / USD still moving in the narrow range of 1.1275 / 1.1300.
Indeed, the wait-and-see attitude still prevails before the BoE report on the Brexit impact at 5.30 pm and the Fed Chairman's speech at 6 pm.
In addition, the British vote on the Brexit, the Italian budget and trade remain unresolved, prompting traders to be more cautious on the Forex at this time.
Meanwhile, the technical bias is always downward, but any news around the themes can come to cause a sudden movement in one direction or the other.
In terms of technical thresholds, supports can be identified at 1.1275, 1.1250, 1.1215 (annual trough) and 1.1200. Resistances come at 1.1300, 1.1330, 1.1344 / 50, and 1.1374 / 85.
Currently, the EUR / USD is trading around 1.1290 on the Forex.
EUR / USD H1 Chart
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