Today we could seen GDP of EUR which has high impact on EURUSD pair . The GDP is considered as a broad measure of the Eurozone economic activity and health. Usually, a rising trend has a positive effect on the EUR, while a falling trend is seen as negative (or bearish). Previous GDP YoY 0.05% and expected YoY 0.9%, So lets see whats actual number. We're looking for at least 40 pips movements on news release, but which has the sign weather EURUSD pair form Bull/Bearish momentum. On May EUR fall more then 400 pips, hopefully we would expect some correction before consolidation.
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