What's next? A shy EUR/USD remains below 1.1000

The EUR/USD tested the 1.1000 again on Wednesday as investors digested weaker than expected US data plus a solid German IFO data. However, the movement was weak and the pair returned below the 1.1000 for the second straight session.
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US Q1 GDP estimate cut to 1.5 % from 2.0 % - JPMorgan

Strategists at JP Morgan have downgraded the US Q1 GDP estimate to 1.5 % from 2.0 % previously, following the downbeat Durable Goods Orders on Wednesday.
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