The third quarter revision to the GDP figures for the eurozone came in without any surprises. The economy grew at a pace of 0.2% in the third quarter period ending September 2019. This was in line with the general forecasts.
It was also an unchanged print from the preliminary estimates given a few weeks ago. The data managed to push the euro slightly higher on the day.
EUR/USD to Maintain the Upside
The common currency rebounded from the support level at 1.1000 where it was consolidating over the past few sessions. The rebound off this support comes as the Stochastics oscillator signals a bullish confirmation.
The resistance level at 1.1062 will be key to the upside for the moment.
