27 Nov 2013
EUR/USD rejected near 1.3600
FXstreet.com (Edinburgh) - After climbing to fresh weekly highs in the vicinity of 1.3600 the figure, the EUR/USD is now deflating to the 1.3580/75 area.
EUR/USD focus on German confidence
Very light docket in the euro bloc again would leave the pair to the mercy of the risk trends, as only Spanish Retail Sales and the German Gfk Consumer Confidence Survey are due. Market consensus expects sales in the Spanish economy to have contracted at an annual pace of 1.6% during October, while the confidence survey would tick higher to 7.1 for the month of December. Across the pond, Durable Goods Orders and the weekly report on the labour market will be in the spotlight.
EUR/USD key levels
At the moment the pair is up 0.10% at 1.3582 with the next resistance at 1.3589 (high Nov.1) and then 1.3595 (daily cloud top). On the flip side, a breakdown of 1.3515 (low Nov.26) would open the door to 1.3511 (MA21d) and finally 1.3506 (MA10d).
EUR/USD focus on German confidence
Very light docket in the euro bloc again would leave the pair to the mercy of the risk trends, as only Spanish Retail Sales and the German Gfk Consumer Confidence Survey are due. Market consensus expects sales in the Spanish economy to have contracted at an annual pace of 1.6% during October, while the confidence survey would tick higher to 7.1 for the month of December. Across the pond, Durable Goods Orders and the weekly report on the labour market will be in the spotlight.
EUR/USD key levels
At the moment the pair is up 0.10% at 1.3582 with the next resistance at 1.3589 (high Nov.1) and then 1.3595 (daily cloud top). On the flip side, a breakdown of 1.3515 (low Nov.26) would open the door to 1.3511 (MA21d) and finally 1.3506 (MA10d).