Forex: EUR/USD accelerates the downside below 1.3100
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EUR/USD
FXstreet.com (Barcelona) - The single currency is intensifying its decline on Tuesday after the NFIB Business Optimism Index rose to 88 during December vs. 87.5 in the prior print.
Next on tap in the US economy will be a measure of the Consumer Credit Change, expected to drop to $12.75 billion in November from $14.2 billion in the previous month.
EURUSD is now losing 0.15% at 1.3095 facing the next support at 1.2998 (low Jan.4) ahead of 1.2996 (low Dec.12) and then 1.2988 (MA55d).
On the upside, a break above 1.3158 (MA21d) would clear the way to 1.3162 (MA10d) and 1.3190 (high Jan.3).
Next on tap in the US economy will be a measure of the Consumer Credit Change, expected to drop to $12.75 billion in November from $14.2 billion in the previous month.
EURUSD is now losing 0.15% at 1.3095 facing the next support at 1.2998 (low Jan.4) ahead of 1.2996 (low Dec.12) and then 1.2988 (MA55d).
On the upside, a break above 1.3158 (MA21d) would clear the way to 1.3162 (MA10d) and 1.3190 (high Jan.3).
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