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Forex pairs in this Article » EUR/USD (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).
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