FX : Eurozone Q2 GDP downwardly revised; Euro not affected
Eurozone second quarter's Gross Domestic Product has been downwardly revised, to a 0.2% decline , and a 4.8% contraction year on year, from -0.1% and -4.7% previously estimated. The Euro remains moving sideways.
EUR/USD remains moving in a range from 1.4700 to 1.4740, consolidating after its rally from 1.4480 low on Friday was capped at 1.4765 high on Tuesday.
Resistance levels remain at 1.4735 session high, and above here, 1.4765 (Oct 6 high), and above here 1.4805 (Sept 24 high). On the downside support levels lie at 1.4675 (Sept 30/Oct 5 high), and below here, 1.4645 (Oct 6 low) and 1.4600.
