Forex: EUR/USD keeps the mood around 1.3075
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EUR/USD
FXstreet.com (Barcelona) - The optimism surrounding the euro continues to grow bigger on Tuesday, retreating now from fresh highs in levels shy of 1.3090 after the EMU's Producer Prices rose 0.1% on a monthly basis and 2.6% over the last twelve months. Both prints represent an improvement from forecasts at 0.0% and +2.5%, respectively.
No further data is expected in the euro bloc. Traders will closely watch the outcome of the EcoFin meeting now, as the docket across the pond is far from relevant.
EURUSD is advancing 0.16% at 1.3076 at the moment.
Next resistance levels line up at 1.3089 (Upper Bollinger) then 1.3129 (high Oct.18) and 1.3140 (high Oct.17).
On the downside, a breach of 1.3047 (hourly low Dec.4) would aim to 1.2973 (low Dec.3) and then 1.2969 (low Nov.30).
No further data is expected in the euro bloc. Traders will closely watch the outcome of the EcoFin meeting now, as the docket across the pond is far from relevant.
EURUSD is advancing 0.16% at 1.3076 at the moment.
Next resistance levels line up at 1.3089 (Upper Bollinger) then 1.3129 (high Oct.18) and 1.3140 (high Oct.17).
On the downside, a breach of 1.3047 (hourly low Dec.4) would aim to 1.2973 (low Dec.3) and then 1.2969 (low Nov.30).
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