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Forex: EUR/USD climbed to 1.3075 after France data

By FXstreet.com,  January 10, 2013, 03:08:00 AM EDT

FXstreet.com (Barcelona) - The bloc currency has spiked 1.3075 after data out of France have surpassed expectations on Thursday. In fact, the CPI in the French economy rose 0.4% MoM and 1.5% on a yearly basis during December, vs. forecasts at +0.3% and +1.5% respectively. The Industrial Output followed suit, expanding 0.5% MoM in November and leaving behind October's contraction of 0.6%.

At the moment the pair is up just 0.01% at 1.3067 with the next resistance at 1.3096 (high Jan.9) ahead of 1.3140 (high Jan.8) and then 1.3141 (MA10d).
On the downside, a dip below 1.3030 (Lower Bollinger) would aim to 1.3018 (low Jan.7) and then 1.2998 (low Jan.4).




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

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