EUR/USD steady in early trade. German GDP comes in better than expected

EUR/USD is seeing trading confined to narrow range in early European trade, presently at 1.2635.

Earlier release of better than expected German Q1 GDP has lent some tentative support. Provisional Q1 GDP came in at +0.2% q/q compared ot median forecast of flat, while y/y rate came in at +1.7% compared to median forecast of 1.2%.