German prelim GDP surprises the market – Euro didn’t bother to react!

Posted Tuesday, August 14, 2018 by
Arslan Butt • 1 min read

According to Destatis, the German prelim GDP soared to 0.5%, beating the expectations of 0.4% growth. Although the faster growth in the economy is likely to put pressure on the ECB president Mario Draghi to keep the monetary policy tight. But until now, the Euro hasn’t shown any reaction to this.

EUR/USD – Technical Levels

Support Resistance
1.1374 1.1426
1.1358 1.1442
1.1332 1.1468
Key Trading Level: 1.14

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