if actual > forecast (or actual data) = good for currency (for USD in our case)
[USD - GDP] = Annualized change in the inflation-adjusted value of all goods and services produced by the economy. It's the broadest measure of economic activity and the primary gauge of the economy's health.
The Euro appears to be returning to the down trend against the US Dollar
after completing a Flag continuation pattern last week. A daily close
below support in the 1.2500-34 area marked by the October 3 low and the
23.6% Fibonacci expansion exposes the 38.2% level at 1.2316. A Hammer
candle hints a near-term bounce may be in the cards however. A turn
above trend line resistance at 1.2746 clears the way for a challenge of
the 23.6% Fib retracement at 1.2852.
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newdigital, 2014.10.30 13:55
2014-10-30 12:30 GMT (or 13:30 MQ MT5 time) | [USD - GDP]if actual > forecast (or actual data) = good for currency (for USD in our case)
[USD - GDP] = Annualized change in the inflation-adjusted value of all goods and services produced by the economy. It's the broadest measure of economic activity and the primary gauge of the economy's health.
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EURUSD, M5, 2014.10.30
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EURUSD M5: 36 pips price movement by USD - GDP news event
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newdigital, 2014.10.31 05:36
EUR/USD Technical Analysis: Bounce Hinted Above 1.25 Mark (based on dailyfx article)
The Euro appears to be returning to the down trend against the US Dollar after completing a Flag continuation pattern last week. A daily close below support in the 1.2500-34 area marked by the October 3 low and the 23.6% Fibonacci expansion exposes the 38.2% level at 1.2316. A Hammer candle hints a near-term bounce may be in the cards however. A turn above trend line resistance at 1.2746 clears the way for a challenge of the 23.6% Fib retracement at 1.2852.