FXstreet.com (Barcelona) Unforgettable week for the single currency, now consolidating around 1.3460/65 after hitting 11-month highs at 1.3480
The upside of the euro was fuelled since early morning, after the better-than-expected IFO results and later by the positive figures out of the LTRO repayment.
Moving forward to Monday’s docket, second tier results in the euro zone – M3 Money Supply and Private loans – would drive investors’ attention to the US Durable Goods Orders and Pending Home Sales.
At the moment EUR/USD is up 0.70% at 1.3470 with the next resistance at 1.3487 (2012 high Feb.24) followed by 1.3491 (50% of 2011-12 decline) and then the psychological level at 1.3500
On the downside, a dip below 1.3410 (hourly low Jan.25) would aim for 1.3349 (low Jan.25) and then 1.3347 (MA10d).
The upside of the euro was fuelled since early morning, after the better-than-expected IFO results and later by the positive figures out of the LTRO repayment.
Moving forward to Monday’s docket, second tier results in the euro zone – M3 Money Supply and Private loans – would drive investors’ attention to the US Durable Goods Orders and Pending Home Sales.
At the moment EUR/USD is up 0.70% at 1.3470 with the next resistance at 1.3487 (2012 high Feb.24) followed by 1.3491 (50% of 2011-12 decline) and then the psychological level at 1.3500
On the downside, a dip below 1.3410 (hourly low Jan.25) would aim for 1.3349 (low Jan.25) and then 1.3347 (MA10d).
