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Forex: EUR/USD little changed after German data

By FXstreet.com,  December 06, 2012, 06:35:00 AM EDT

FXstreet.com (Barcelona) - The euro has remained apathetic after the German Factory Orders jumped 3.9% on a monthly basis during October, crushing estimates and previous print at +0.9% and -2.4%, respectively.
The single currency continues to trade in the 1.3060/70 range ahead of the ECB meeting due later, with market participants eagerly waiting for the later press conference of President Draghi.

EUR/USD is now advancing 0.03% at 1.3072 with the next resistance at 1.3127 (high Dec.5) ahead of 1.3129 (high Oct.18) and 1.3140 (high Oct.17).
On the downside, a breach of 1.3007 (MA10d) would expose 1.2973 (low Dec.3) and finally 1.2969 (low Nov.30).




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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