Forex: EUR/USD hovering over 1.3045/50
Forex pairs in this Article »
EUR/USD
FXstreet.com (Barcelona) - The single currency has managed to recover some ground after hitting fresh session lows in the proximity of 1.3015 overnight, as risk appetite continues to be absent.
Next on tap will be the German Retail Sales during November, expected to contract further to 1.2% over the last twelve months.
At the moment the pair is flat at 1.3048 with the next support at 1.3040 (low Dec.13) then 1.2996 (low Dec.12) and finally 1.2929 (low Dec.11).
On the upside, a break above 1.3190 (high Jan.3) would aim towards 1.3300 (high Jan.2) en route to 1.3308 (high Dec.19).
Next on tap will be the German Retail Sales during November, expected to contract further to 1.2% over the last twelve months.
At the moment the pair is flat at 1.3048 with the next support at 1.3040 (low Dec.13) then 1.2996 (low Dec.12) and finally 1.2929 (low Dec.11).
On the upside, a break above 1.3190 (high Jan.3) would aim towards 1.3300 (high Jan.2) en route to 1.3308 (high Dec.19).
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