EUR/USD

Published 04/29/2008, 08:00 PM

Resistance levels: 1.5600/1.5660/1.5700
Support levels: 1.5520/1.5470/1.5410


EUR/USD has fallen towards 1.5520 Support earlier today Markets are waiting for US GDP numbers at 12:30 GMT and then FOMC Interest Rate Decision at 18:15 GMT The consensus is at 0.4% and FED is widely expected they will cut the rate to 2.00% On downside next targets are at 1.5520 and then 1.5470 later today may be seen if the US GDP Growth number comes out at 0.6% or stronger On the upside, first immediate Resistance remains near 1.5600 Beyond boosts price directly towards 1.5660 and 1.5700-10 area later today if the number comes out at 0.2% or more negative

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