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29 May 2013
EUR/USD in lows ahead of German unemployment
FXstreet.com (Barcelona) - The bearish sentiment continues to weight on the shared currency on Wednesday, dragging the EUR/USD to fresh lows around 1.2840 ahead of the opening bell in London.
German jobless rate is due next, with market consensus expecting the headline to stay put at 6.9% in May. Further relevant data will show flash consumer prices in Germany during May and a Spanish auction of Obligaciones maturing in 10 years.
At the moment the pair is losing 0.07% at 1.2846 facing the next support at 1.2821 (low May 23) followed by 1.2809 (low May 20) and then 1.2796 (low May 17). On the flip side, a break above 1.2939 (hourly high May 28) would bring 1.2986 (MA21d) and finally 1.2994 (high May 24).
German jobless rate is due next, with market consensus expecting the headline to stay put at 6.9% in May. Further relevant data will show flash consumer prices in Germany during May and a Spanish auction of Obligaciones maturing in 10 years.
At the moment the pair is losing 0.07% at 1.2846 facing the next support at 1.2821 (low May 23) followed by 1.2809 (low May 20) and then 1.2796 (low May 17). On the flip side, a break above 1.2939 (hourly high May 28) would bring 1.2986 (MA21d) and finally 1.2994 (high May 24).