EUR/USD keeps lows post-US GDP, around 1.0730

The bearish note stays unchanged around the European currency on Thursday, with EUR/USD gravitating around 1.0730/40 for the time being.

EUR/USD steady post-US data

Spot keeps the area of daily lows after US GDP figures showed the economy grew at an annualized 2.1% during the fourth quarter of last year, surpassing estimates and coming up from the previous 1.9% gain.

Further US data showed Initial Claims rising 258K WoW, taking the 4-Week Average to 254.25K from 246.50K.

In the meantime, the pair is on track to close its first week with losses after four consecutive advances, including Monday’s fresh YTD peak just above 1.0900 the figure.

Later in the NA session, the buck is expected to stay in the limelight as New York Fed W.Dudley (permanent voter, centrist), Cleveland Fed L.Mester (2018 voter, hawkish), Dallas Fed R.Kaplan (voter, hawkish) and San Francisco Fed J.Williams (2018 voter, hawkish) area all due to speak.

EUR/USD levels to watch

At the moment the pair is losing 0.33% at 1.0730 facing the immediate support at 1.0708 (20-day sma) ahead of 1.0704 (low Mar.16) and finally 1.0675 (55-day sma). On the flip side, a break above 1.0827 (high Mar.29) would target 1.0874 (200-day sma) en route to 1.0905 (high Mar.27).