FxGrow Daily Technical Analysis – 29th April, 2016
By FxGrow Research & Analysis Team
The EURUSD rallied as US GDP worsen
The EURUSD surged higher and crosses the 1.1400 zone on slowing US growth to reach 1.1415. The Dollar index drops more as weak US GDP data eased the Fed rate hike decision and as the BOJ kept monetary stimulus unchanged. The EURUSD will gain momentum if it breaks 1.1435 and thus continue rallying toward 1.1460 and 1.1480 respectively.
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