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EUR/USD lifts after holding support at 1.0965

Following a series of updates here covering the price action in the EUR/USD, the pair did fall back close to the noted technical support at 1.0965. The low seen was set at 1.0969, so as you can see it has held that support level well. As discussed earlier, that would imply there were buyers ahead of 1.0965 and perhaps more than any stops that might have been lurking below it. Now of course there is plenty of time and scope for another test of the level, but for the time being it has capped the downside. Perhaps the US GDP data, due out at 1.30pm GMT might be a determining factor in that respect. We shall see on that in around an hour. The EUR/USD is just now trading at 1.0985

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