Day: July 27, 2007

EUR/USD Faces New Downfall and U.S. GDP Data Released

EUR/USD dropped to its more than two weeks old minimum touching 1.3630 today while the market expected good data on GDP of United States for the seconds quarter of 2007. Breaking below 1.3230 for EUR/USD will mean a big trend breakout, but while it is traded higher a temporal correction should be considered.U.S. GDP in Q2 2007 rose by 3.4% — a very good increase after 0.6% (revised from […]