Forex: EUR/USD keeps the red after France trade figures

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FXstreet.com (Barcelona) - Better-than-expected trade balance figures in the French economy during November have done little to change the bearish sentiment surrounding the single currency on Tuesday. In fact, the French trade deficit narrowed to €4.3 billion from €4.7 billion (revised), with a slight descent in both exports and imports.

As of writing, the pair is losing 0.01% at 1.3116 and a dip beyond 1.2998 (low Jan.4) would aim to 1.2996 (low Dec.12) and 1.2988 (MA55d).
On the upside, resistance levels line up at 1.3130 (broken up TL) followed by 1.3150 (MA21d) and then 1.3170 (MA10d).



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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