Forex: EUR/USD muted after German data, at 1.2920/30
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EUR/USD
FXstreet.com (Barcelona) - The shared currency remains in a wait-and-see mode on Friday, trading in the lower end of today's range ahead of the US NFP. Market consensus expects the US economy to create 90K jobs during November, down from October's 171K.
Continuing with the euro data, German industrial production during October has contracted 2.6% on a monthly basis and 3.7% over the last twelve months, accentuating the downside in the sector.
The pair is now losing 0.32% at 1.2926 with the next support at 1.2894 (50% of 1.2661-1.3127) ahead of 1.2880 (low Nov.28) and 1.2875 (MA30d).
On the other hand, a surpass of 1.3040 (prior intraday low) then 1.3060 (low Dec.5) and 1.3087 (high Dec.6).
Continuing with the euro data, German industrial production during October has contracted 2.6% on a monthly basis and 3.7% over the last twelve months, accentuating the downside in the sector.
The pair is now losing 0.32% at 1.2926 with the next support at 1.2894 (50% of 1.2661-1.3127) ahead of 1.2880 (low Nov.28) and 1.2875 (MA30d).
On the other hand, a surpass of 1.3040 (prior intraday low) then 1.3060 (low Dec.5) and 1.3087 (high Dec.6).
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