Our best spreads and conditions
Learn more
Forex News
Back
May 30, 2013
EUR/USD closing the day around 1.3050
FXstreet.com (Barcelona) - Good day for the single currency so far, quickly leaving behind the psychological limestone at 1.3000 to print 3-week highs in the vicinity of 1.3060 on poor US data.
Very interesting calendar awaits investors on Friday, as German Retail Sales are due early morning, followed by French Consumer Spending and the preliminary Consumer Prices and unemployment rate in the EMU. Across the Atlantic, Personal Spending/Income will be in the limelight preceding the final result of the Consumer Sentiment index sponsored by the University of Michigan/Reuters.
As of writing the pair is gaining 0.82% at 1.3047 and a surpass of 1.3072 (61.8% of 1.3243-1.2796) would open the door to the psychological level at 1.3100 and then 1.3117 (MA100d). On the flip side, support levels line up at 1.2934 (low May 30) ahead of 1.2909 (MA10d) and then 1.2838 (low May 29).
Very interesting calendar awaits investors on Friday, as German Retail Sales are due early morning, followed by French Consumer Spending and the preliminary Consumer Prices and unemployment rate in the EMU. Across the Atlantic, Personal Spending/Income will be in the limelight preceding the final result of the Consumer Sentiment index sponsored by the University of Michigan/Reuters.
As of writing the pair is gaining 0.82% at 1.3047 and a surpass of 1.3072 (61.8% of 1.3243-1.2796) would open the door to the psychological level at 1.3100 and then 1.3117 (MA100d). On the flip side, support levels line up at 1.2934 (low May 30) ahead of 1.2909 (MA10d) and then 1.2838 (low May 29).