fxstreet.com 02 Feb, 2021 13:00 am

Euro breaks out lower after weak EU GDP data

Euro breaks out lower after weak EU GDP data
The euro broke-out lower after the relatively weak economic data from Europe. According to the Eurostat, the bloc’s GDP declined by 0.7% in the fourth

Therefore, the pair will likely continue falling as bears target the next support at 1.Therefore, the pair will likely continue falling as bears target the next support at 0.Therefore, the pair will likely continue rising as bulls target the next resistance at 0.2% Fibonacci retracement level.

6% Fibonacci retracement level.The EUR/USD pair dropped to an intraday low of 1.

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