Yesterday the data on the US was better than estimated earlier and it pushed stock markets up and the euro moved downward. US Durable Goods Orders in May grew 3.6% vs. forecast for 3.0%. US New Home Sales in May was 476K vs. forecast for 462K and revised upwardly figures in April, 466K.
Today at 10:00 GMT+4 GfK Consumer Confidence Survey in June is published, forecast 6.6 vs. 6.5 in May. At 16:30 GMT+4 US GDP in Q1 is published, forecast flat, 2.4%.
If the data on US GDP is in line with forecast, then after the price overcomes testing level 1.3058 we expect the price will be at the level of 1.2997, the high of May 22. There, if the rumors about claims on bullish orders in the area 1.3000 is right, the rebound is possible. If the rate consolidates under 1.2997, the second target 1.2943, the low of May 31, opens.
