Forex: EUR/USD little changed after US data
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EUR/USD
FXstreet.com (Barcelona) - The bloc currency has posted no reaction after the US trade balance has widened to $42.24 billion during October from $40.28 billion in the previous month, although the print was below the expected $42.60 billion.
Next on tap in the US will be the release of the Wholesale Inventories and the IBD/TIPP Economic Optimism.
The cross continues its ascent at 1.2986 or +0.35%, facing the next resistance at 1.3087 (high Dec.6) followed by 1.310 (psychological level) and then 1.3127 (high Dec.5).
On the flip side, a break below 1.2911 (MA21d) would open the door to 1.2881 (low Dec.10) and then 1.2878 (low Dec.7).
Next on tap in the US will be the release of the Wholesale Inventories and the IBD/TIPP Economic Optimism.
The cross continues its ascent at 1.2986 or +0.35%, facing the next resistance at 1.3087 (high Dec.6) followed by 1.310 (psychological level) and then 1.3127 (high Dec.5).
On the flip side, a break below 1.2911 (MA21d) would open the door to 1.2881 (low Dec.10) and then 1.2878 (low Dec.7).
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