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FX.co ★ Evening review of EURUSD on October 29, 2020

Evening review of EURUSD on October 29, 2020

Evening review of EURUSD on October 29, 2020

Strong US data: The US GDP for the third quarter gains 33% after falling 30% in the second quarter. The GDP deflator also went up at 3.8%.

The country's long-term unemployment fell by another 700,000. That is, from 8.4 million to 7.7 million.

Meanwhile, as observed, the euro managed an upward reversal, thus, purchases can be considered from 1.1760 with a stop at 1.1715.

The ECB meeting is scheduled today at 13:30 UTC, where we expect a speech from the head of the regulator, Christine Lagarde.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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