On Thursday, the 4th quarter US GDP report was released - GDP grew +2.6%, significantly better than forecast (+1.9 + 2.3%) - but below the level of the 3rd quarter (+3.4%)
A strong report on US GDP supported the dollar, and the euro came under pressure.
The question is whether the euro can consolidate above the level of 1.1420 - or turn down.
There is no signal to cancel the upward trend yet.
We keep buying from 1.1315.
Possible purchases at the breakthrough of 1.1425.
Alternative: sell from 1.1315 downwards.
The material has been provided by InstaForex Company - www.instaforex.com