Forex: EUR/USD bearishness remains around 1.2925/30
Forex pairs in this Article »
EUR/USD
FXstreet.com (Barcelona) - Although markets are slightly biased towards a bigger presence of risk appetite, the single currency still can't gather any traction on Wednesday, orbiting around 1.2920/30 as of writing.
Prior EMU data showed that the M3 Money Supply rose 3.9% over the last twelve months, up from forecasts and previous print at +2.8% and +2.7% respectively. In the same direction, Private Loans have dropped 0.7% on a year through October, bettering estimates at -0.9%.
EURUSD is now losing 0.15% at 1.2922 facing the next support at 1.2829 (MA21d) followed by 1.2827 (low Nov.22) and finally 1.2730 (low Nov.19).
On the upside, a break above 1.3008 (Upper Bollinger) would aim towards 1.3010 (high Nov.27) and then 1.3021 (high Oct.31).
Prior EMU data showed that the M3 Money Supply rose 3.9% over the last twelve months, up from forecasts and previous print at +2.8% and +2.7% respectively. In the same direction, Private Loans have dropped 0.7% on a year through October, bettering estimates at -0.9%.
EURUSD is now losing 0.15% at 1.2922 facing the next support at 1.2829 (MA21d) followed by 1.2827 (low Nov.22) and finally 1.2730 (low Nov.19).
On the upside, a break above 1.3008 (Upper Bollinger) would aim towards 1.3010 (high Nov.27) and then 1.3021 (high Oct.31).
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