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Forex pairs in this Article » EUR/USD (Barcelona) - The single currency is trading almost unchanged on Monday, after French industrial output has contracted 07% on a monthly basis during October, below the +0.4% forecasted although improving from September's -2/7%. In the same direction, the Bank of France has informed that the business sentiment dropped to 91 in November from 92 previous.

While Italian woes seem to have resurfaced, the euro is now advancing 0.11 at 1.2906 with the next hurdle waiting at 1.2974 (high Dec.7) ahead of 1.3000 (MA10d) and 1.3040 (prior intrad. low).
On the opposite side, a breakdown of 1.2878 (low Dec.7) would aim to 1.2875 (MA30d) and 1.2839 (61.8% of 1.2661-1.3127).
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