14 Nov 2013
EUR/USD retreats from highs, near 1.3470
FXstreet.com (Edinburgh) -The EUR/USD is now hovering over 1.3465/70, fading the previous bull attempt to reach the key resistance at 1.3500 the figure.
EUR/USD eyes on German data
The pair is posting meager gains on Thursday, ahead of the advanced figures for the German GDP during the third quarter. Prior surveys expect the German economic activity to have expanded 0.3% inter-quarter in Q3 vs. 0.7% previous. Earlier data showed that the preliminary French GDP disappointed investors, contracting 0.1% QoQ. Next on tap will be French consumer prices ahead of Italian and EMU’s GDP figures.
EUR/USD key levels
At the moment the pair is advancing 0.04% at 1.3468 with the next resistance at 1.3529 (high Nov.7) followed by 1.3548 (high Nov.6) and finally 1.3589 (high Nov.1). On the downside, a break below 1.3466 (daily cloud top) would open the door to 1.3456 (high Nov.13) and then 1.3390 (low Nov.13).
EUR/USD eyes on German data
The pair is posting meager gains on Thursday, ahead of the advanced figures for the German GDP during the third quarter. Prior surveys expect the German economic activity to have expanded 0.3% inter-quarter in Q3 vs. 0.7% previous. Earlier data showed that the preliminary French GDP disappointed investors, contracting 0.1% QoQ. Next on tap will be French consumer prices ahead of Italian and EMU’s GDP figures.
EUR/USD key levels
At the moment the pair is advancing 0.04% at 1.3468 with the next resistance at 1.3529 (high Nov.7) followed by 1.3548 (high Nov.6) and finally 1.3589 (high Nov.1). On the downside, a break below 1.3466 (daily cloud top) would open the door to 1.3456 (high Nov.13) and then 1.3390 (low Nov.13).