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EUR/USD around 1.3035/40 ahead of German data

FXstreet.com (Barcelona) - The shared currency is posting marginal losses on Friday, hovering over 1.3035/40 ahead of the German retail sales during April.

Sales in the German economy are expected to expand 0.2% on a monthly basis and 0.8% over the last twelve months, leaving behind March’s contraction. The euro continues to consolidate above the key mark at 1.3000, after poor US GDP data and tepid result from the housing sector boosted the risk-associated assets on Thursday.

As of writing the pair is losing 0.08% at 1.3039 with the next support at 1.2934 (low May 30) ahead of 1.2909 (MA10d) and then 1.2838 (low May 29). On the flip side, 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)

Japan Annualized Housing Starts rises to 0.939M in Apr from 0.904M

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Germany Apr Retail Sales (MoM) decreases to -0.4% vs -0.1% in Mar. (YoY) 1.8% vs. -2.5%.

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