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Forex: EUR/USD little changed after EMU data

FXstreet.com (Barcelona) - The shared currency kept the 1.3090/1.3100 region on Monday, after the softer-than-expected data from the euro area. In fact, the Business Climate for the month of April fell to -0.93 from -0.75 previous and -0.89 expected while the Consumer Confidence matched expectations at -22.3. Italian Business Confidence came in at 87.6 in April from March’s 88.6 and 88.9 estimated.

Next on tap will be the 10-year bond auction in Italy ahead of the preliminary German inflation figures, expected to rise 1.4% on a yearly basis.

EUR/USD is now up 0.32% at 1.3091 with the next resistance at 1.3130 (high Apr.19) ahead of 1.3202 (high Apr.16) and finally 1.3229 (50% of Feb-Apr slide).
On the flip side, a breakdown of 1.2988 (low Apr.25) would bring 1.2954 (low Apr.24) and then 1.2948 (MA200d).

EU Business Climate declines to -0.93 in Apr from -0.75 in Mar

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EMU: Consumer Confidence rises to -22.3 in April

Eurozone Consumer Confidence edged up to -22.3 in April, from -23.5 in March, the European Commission reported on Wednesday. This result is in line with market consensus.
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