In the forex trading on Wednesday quotes EUR / USD pair rose news that Trump has decided to postpone the imposition of duties on imports from the EU of cars. Prior to the news the EUR / USD declined against the dollar strengthening. Released on Wednesday data on the euro zone matched the forecast values.
GDP growth in the first quarter amounted to 0.4% and 1.2% year on year. The number of employed increased by 0.3% in the first quarter. Today we have also presented data on retail sales from the US, which were worse than expected. In April, sales fell by 0.2%, while excluding cars rose by 0.1%, with projected growth of 0.2% and 0.7%, respectively.
Technical outlook EUR / USD today 16/05/2019 : The EUR / USD is trading at 1.2000, if the euro sellers will be able to overcome the 1.1175 support, may reduce the EUR / USD quotes to 1.1120. If buyers euro dollar pair manage to gain a foothold above 1.1210 likely to further increase in EUR / USD quotes 1.1250 to the mark.
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