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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About the author

Arslan Butt is our Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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