Eurozone GDP data
- GDP (q/q) (Q3), fact 0.2%, forecast 0.2%.
- GDP (y/y) (Q3), fact 1.6%, forecast 1.7%.
Eurozone GDP data slowed to a two-year low in the third quarter, putting a moderate pressure on the euro.
Fig. 1. Eurozone GDP Chart
The dynamics of the euro, despite the negative data for the eurozone, remains restrained due to the continued uncertainty in the market and the growth of optimism in the stock markets, which, first of all, supports the American dollar. The EUR/USD dynamics remains restrained negative, limited to the correction phase of the upward dynamics. Significant support settled at levels: 1.1360 and 1.1340, resistance: 1.1390 and 1.1420.
Fig. 2. EUR/USD chart. Current price – 1.1370
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