By 9.35 the Euro is at 1.3461 against yesterday’s closing level of 1.3512.
Grounds for today’s sales came from China: weak data on manufacturing activity in China was released this morning; in addition, investors try to regain from poor statistics on final U.S. GDP in Q3.
What important is that market did not expect major revision of the U.S. economic growth rate of the last quarter; such figures do not excluded that the U.S. economy will need additional stimulation.
This afternoon traders will wait for the data on manufacturing activity in Germany and France; if indicators will be weak, it will increase sales of the major pair.
Most likely, the pair EUR/USD will not go beyond the range of 1.3410-1.3495 at the trading session on Wednesday.