EUR/USD Little Higher, Euro Area GDP Little Changed

EUR/USD is trading at 1.0773, up 0.0016. The pair is trading rangebound and a little higher on the day after Monday's sharp move up. Eurostat reported that Euro area third quarter gross domestic product (GDP) was 1.7 percent versus 1.6 percent in the second quarter. Quarter over quarter Euro area GDP rose 0.3 percent versus 0.3 rise in the second quarter. The Euro area November retail PMI (purchasing managers survey) was unchanged at 48.6 versus 48.6 in October.