Forex: EUR/USD little changed after German data
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EUR/USD
FXstreet.com (Barcelona) - The single currency continues its correction lower from today's tops above 1.3400 after German Wholesale Prices came in flat on a monthly basis and 3.2% over the last twelve months, below consensus at +0.1% MoM and 3.3% YoY.
Italian Industrial Output is following next in the data front, expected to improve during November although still in the negative territory.
At the moment, the pair is down 0.16% at 1.3386 with the next resistance at 1.3487 (2012 high Feb.24) followed by 1.3491 (50% of 2011-2012 decline).
On the flip side, a breakout of 1.3248 (low Jan.11) would aim to 1.3200 (psychological level) and then 1.3148 (MA30d).
Italian Industrial Output is following next in the data front, expected to improve during November although still in the negative territory.
At the moment, the pair is down 0.16% at 1.3386 with the next resistance at 1.3487 (2012 high Feb.24) followed by 1.3491 (50% of 2011-2012 decline).
On the flip side, a breakout of 1.3248 (low Jan.11) would aim to 1.3200 (psychological level) and then 1.3148 (MA30d).
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