FXstreet.com (Barcelona) - The shared currency is holding on to the key mark at 1.2900 on Monday, in a context of thin trade due to a very light calendar in both the euro zone and the US. The landfall of the hurricane Sandy in the US East coast has forced US markets to remain close.
Data wise, Spanish retail sales during September plunged 10.9% YoY, and Greek Producer Price index rose 5.0% in a year through September, down from previous 6.5%. In the US, PCE, Personal Spending/Income and the Dallas Fed manufacturing business index will also be published.
The cross is now losing 0.33% at 1.2899 with the next support lying at 1.2884 (MA10w) ahead of 1.2835 (MA200d) then 1.2829 (Lower Bollinger) and 1.2827 (low Oct.11).
On the upside, resistance levels are located at 1.2956 (high Oct.26) followed by 1.2973 (MA21d) then 1.3012 (MA10d) and 1.3084 (high Oct.22).
Data wise, Spanish retail sales during September plunged 10.9% YoY, and Greek Producer Price index rose 5.0% in a year through September, down from previous 6.5%. In the US, PCE, Personal Spending/Income and the Dallas Fed manufacturing business index will also be published.
The cross is now losing 0.33% at 1.2899 with the next support lying at 1.2884 (MA10w) ahead of 1.2835 (MA200d) then 1.2829 (Lower Bollinger) and 1.2827 (low Oct.11).
On the upside, resistance levels are located at 1.2956 (high Oct.26) followed by 1.2973 (MA21d) then 1.3012 (MA10d) and 1.3084 (high Oct.22).
