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Forex: EUR/USD around 1.3100 after German data

FXstreet.com (Barcelona) - The single currency eased to the proximity of the key support at 1.3100 on Tuesday after German Retail Sales disappointed investors during March, contracting 0.3% on a monthly basis and 2.8% over the last twelve months vs. forecasts at 0.0% and 1.2%.

Further data showed that the consumer confidence gauged by the Gfk survey improved to 6.2 for the month of May vs. the median at 5.9 and previous 6.0

As of writing, the cross is up 0.02% at 1.3102 with the next resistance at 1.3130 (high Apr.19) ahead of 1.3202 (high Apr.16) and then 1.3229 (50% of Feb-Apr slide).
On the flip side, a breakdown of 1.2988 (low Apr.25) would open the door to 1.2954 (low Apr.24) and finally 1.2948 (MA200d).

Germany: Annual Retail Sales drop 2.8% in March

Statistisches Bundesamt Deutschland informed on Tuesday that year-over-year German Retail Sales dropped 2.8% in March, down from the 2.6% decrease in February and below forecasts of -1.2%.
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Germany: Gfk Consumer Confidence Survey rises against expectations in May

The German Gfk Consumer Confidence Survey grew to 6.2 in May, from 6.0 in April, according to data released today by Gfk. Analysts expected a drop to 5.9.
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