Following the US GDP data release, the EUR/USD currency pair experienced a moderate rise to 1.0728, signaling a positive market reaction. Despite limited trading activity, the pair fluctuated within a narrow range of 1.0710/30. The resistance level at 1.0740, corresponding to the 61.8% Fibonacci retracement level, presents a crucial barrier, while the 20-day moving average at 1.0660 serves as a support level. Market sentiment leans cautiously optimistic, driven by expectations of an upside surprise, particularly after the strong PCE component embedded within the GDP data.

EUR/USD witnessed a moderate rise to 1.0728 following the US GDP data release, accompanied by limited trading activity within a narrow range.

The pair faces a crucial resistance level at 1.0740, while the 20-day moving average at 1.0660 acts as a support level, with buying interest observed around 1.0680.

 Positive sentiment prevails at 55%, driven by anticipations of a robust PCE reading substantiating a resilient US economy. However, notable resistance levels and potential shifts in market interpretation introduce uncertainty.

EUR/USD's moderate rise post-US GDP data release reflects a positive market reaction amid limited trading activity. The pair encounters a critical resistance level at 1.0740, with support at the 20-day moving average. Cautiously optimistic sentiment prevails, supported by expectations of a strong PCE reading influencing the pair's direction, despite the presence of resistance levels and market uncertainty.