Gross domestic product in the U.S. rose less-than-expected in the last quarter, preliminary official data showed on Friday.
In a report, the Bureau of Economic Analysis said that GDP rose to a seasonally adjusted annual rate of 3.20%, from 2.60% in the preceding quarter.
Analysts had expected U.S. gross domestic product to rise 3.60% in the last quarter.
EURUSD is in a downtrend, after peaking at 1.4283 (November 11, 2010). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3336 and 1.3067.
The uptrend is still intact, aiming at 1.3830 major resistance area and crucial on the downside is 1.3635. Only a clear break below 1.3635 will confirm, that a top is in place and will set the focus at 1.3160.
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Welcome and thank you for visiting my blog. My name is H Eko Prabowo. I live in one of the half of the world namely West Java Indonesia. I became interested in writing on the blog since January 2011. I’m a honest blogger who want tell you all that you must known.
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