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Forex pairs in this Article » EUR/USD (Barcelona) - Month end flows have pulled the EURUSD back to a flat candlestick in the weekly chart, with the European tumble totalling 90 pips down to 1.3166 low. The pair may have found support at September 14/17 highs, at 1.3169/71.

Q3 killed what was left of economic growth in France, as the annualized GDP Q3 eased from +0.2% (revised from 0.3%) to 0.0%, and the quarterly change was only of +0.1% (Q2 was revised from -0.1% to +0.2%).

The Italian Producer Price Index (YoY) eased from 2.3% to 2.0% in November, coming below the expected 2.1%. November Retail Sales in Spain also came in better than expected, rising from -9.7% to -7.8%, while market consensus was pointing to a wider contraction of -10.0%.

UBS analysts are bullish: "We look for a potential break above 1.3386, the March high to extend the strength to 1.3493", wrote analyst Gareth Berry, pointing to support at 1.3143.
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