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14 Mar 2013
Forex: EUR/USD apathetic after Spanish sales
The shared currency remained indifferent after the 10.2% annual contraction of the retail sales in Spain, missing estimates at -8.3% albeit bettering December’s -11.4%. The euro kept unmoved around the area of 1.2950, now waiting for the EMU’s Employment Change and the ECB Monthly Report.
As of writing, EUR/USD is down 0.08% at 1.2951 facing the next support at 1.2924 (low Mar.13) ahead of 1.2881 (low Dec.10) and finally 1.2878 (low Dec.7)
On the upside, a breakout of 1.3075 (high Mar.12) would bring 1.3124 (MA21d) and then 1.3127 (MA100d).
As of writing, EUR/USD is down 0.08% at 1.2951 facing the next support at 1.2924 (low Mar.13) ahead of 1.2881 (low Dec.10) and finally 1.2878 (low Dec.7)
On the upside, a breakout of 1.3075 (high Mar.12) would bring 1.3124 (MA21d) and then 1.3127 (MA100d).