Filed Under:
Forex pairs in this Article » EUR/USD
FXstreet.com (Barcelona) - The shared currency remained indifferent after the US economic activity has contracted 0.1% on a yearly basis in Q4, well below expectations at 1.1% and previous print at +3.1%. Continuing with the data in the US economy, the ADP report showed that the US private sector added 192K jobs in January, exceeding forecasts at 165K and above December's 185K.

At the moment, the cross in up 0.41% at 1.3547 facing the next resistance at 1.3569 (high Nov.22 2011) ahead of 1.3577 (Upper Bollinger) and then 1.3615 (high Nov.18 2011).
On the downside, a breach of 1.3415 (low Jan.29) would bring 1.3392 (MA10d) and 1.3349 (low Jan.25).
comments powered by Disqus