EUR/USD up on economic data

The Euro was higher against the U.S. Dollar on Friday after the release of U.S. data on GDP.

EUR/USD was trading at 1.4408, up 0.20% at time of writing.

The pair was likely to find support at 1.4328, Thursday’s low, and resistance at 1.4500, Tuesday’s high.

Earlier in the day, preliminary official data showed that Gross domestic product in the U.S. rose less-than-expected to a seasonally adjusted annual rate of 1.0% in the last quarter from 1.3% in the preceding quarter.

Analysts had expected U.S. gross domestic product to rise 1.1% in the last quarter.

Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.28% to hit 0.8856 and EUR/JPY falling 0.89% to hit 110.40.