The EURUSD finally made a clear break above 1.3000 resistance yesterday, topped at 1.3106 but closed a little bit lower at 1.03075. This fact could trigger further upside pressure testing 1.3213/70 region before testing 1.3340. However, as you can see on my daily chart below, we have a trendline resistance

The euro has fallen against the franc this week. Ever since the Swiss bank made comments that they would tolerate their franc to go below 1.30 it has been on a strong uptrend. The recent wave of risk has seen the pair fall almost 300 pips. Despite this pullback, the

Today’s main data highlight is the advance estimate of Q2 GDP in the US, where we look for 2.8% annualised growth, against a final Q1 outturn of 2.7%. Following Fed Chairman Ben Bernanke’s testimony last week, financial markets continue to perceive significant uncertainty regarding the outlook for US economic activity.