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Forex: EUR/CAD flat at 1.2999

By FXstreet.com,  April 26, 2012, 05:44:00 AM EDT

FXstreet.com (Barcelona) - The single currency gained 0.01% against the loonie in the early hours of the European trading session. The eurozone's consumer, economic and industrial confidence indices did worse than expected with scores of -19.9, 92.8 and -9.0, respectively. Germany's CPI should come shortly afterwards and it is expected that YoY price changes will be at 2.0%, slightly lower than the previous reading of 2.1%.

The cross is currently at 1.2999, below 1.3021(SMA200) and faces resistance at 1.3047, before 1.3098 and 1.3138 according to Fxstreet.com pivot points on technical tools. On the downside, there is support at 1.2956, before 1.2916 and 1.2865.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks:



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