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Forex: EUR/USD little changed after Spanish employment data

By FXstreet.com,  January 03, 2013, 03:14:00 AM EDT

FXstreet.com (Barcelona) - The shared currency posted no reaction after the unemployment in Spain has descended by 59.1K during December, the first time after five consecutive months of growing. The Spanish government has informed that 4.8 million people would be now unemployed.

Next on tap will be the German jobless rate. Market forecasts expect the rate to remain unchanged at 6.95 during December.

As of writing, EUR/USD is down 0.31% and the next support is lying at 1.3099 (MA30d) followed by 1.3066 (low Dec.14) and then 1.3040 (low Dec.13).
On the upside, a breakout of 1.3195 (MA10d) would bring 1.3300 (high Jan.2) and then 1.3308 (high Dec.19).




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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