Forex: EUR/USD around 1.3450 ahead of German Gfk
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EUR/USD
FXstreet.com (Barcelona) - The bloc currency is extending its consolidation around the mid 1.3400s on Tuesday, ahead of the German Gfk Consumer Confidence Survey. Market consensus expects the headline to improve a tad in February to 5.7 from 5.6
Continuing with the data, French Consumer Sentiment will follow, ahead of the Spanish Retail Sales.
At the moment, the cross is down 0.05% at 1.3447 facing the immediate support at 1.3425 9low Jan.28) followed by 1.3352 (MA10d) en route to 1.3349 (low Jan.25).
On the flip side, a break above 1.3480 (high Jan.25) would open the door to 1.3487 (high 2012 Feb.24) en route 1.3491 (50% of 2011-12 decline).
Continuing with the data, French Consumer Sentiment will follow, ahead of the Spanish Retail Sales.
At the moment, the cross is down 0.05% at 1.3447 facing the immediate support at 1.3425 9low Jan.28) followed by 1.3352 (MA10d) en route to 1.3349 (low Jan.25).
On the flip side, a break above 1.3480 (high Jan.25) would open the door to 1.3487 (high 2012 Feb.24) en route 1.3491 (50% of 2011-12 decline).
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