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20 Feb 2013
Forex: EUR/USD easing to 1.3415/20 on French data
The shared currency has given away some pips after the mixed data from the French economy, where consumer prices came in below expectations during January and the Business Climate improved to 90 in February from 87 in the previous month.
French CPI contracted 0.6% MoM and gained 1.4% on a yearly basis, vs. estimates at -0.3% and +1.6%, respectively.
As of writing, the cross is up 0.22% at 1.3417
Next resistance levels line up at 1.3444 (MA21d) ahead of 1.3456 (high Feb.14) and then1.3472 (trend line off Feb. high)
On the flip side, a breakdown of 1.3307 (low Feb.15) would bring 1.3286 (low Jan.24) and then 1.3276 (MA55d).
French CPI contracted 0.6% MoM and gained 1.4% on a yearly basis, vs. estimates at -0.3% and +1.6%, respectively.
As of writing, the cross is up 0.22% at 1.3417
Next resistance levels line up at 1.3444 (MA21d) ahead of 1.3456 (high Feb.14) and then1.3472 (trend line off Feb. high)
On the flip side, a breakdown of 1.3307 (low Feb.15) would bring 1.3286 (low Jan.24) and then 1.3276 (MA55d).