Filed Under:
Forex pairs in this Article » EUR/USD
FXstreet.com (Barcelona) - The bloc currency is challenging the key support at 1.3400 on Thursday, after the German economy contracted 0.6% QoQ in the fourth quarter, growing only 0.1% on a yearly basis.. Previous estimates were at -0.5% and +0.2%, respectively.

French Non-farm Payroll is coming next, expected to fell 0.2% in the fourth quarter, followed by the ECB Monthly Report.

At the moment, the cross is losing 0.33% at 1.3408 with the next support at 1.3364 (low Feb.12) and then 1.3325 (low Feb.11).
On the flip side, a breakout of 1.3437 (MA21d) would expose 1.3489 (MA10d) en route to 1.3520 (high Feb.13).
comments powered by Disqus