FXstreet.com (Barcelona) - EUR is trading unmolested in the 1.2270 region, after the drop of 5.2% in the Spanish retail sales during June and the +0.1% in the French consumer spending, lower than the +0.5% previous. French producer prices came in at -0.9%, bettering the previous -1/0%.
Markets are trading directionless so far, eyeing the ECB monetary policy meeting due later in the week.
EUR/USD is advancing 0.06% at 1.2268 as of writing, with the next resistance at 1.2390 (high Jul.27) ahead of 1.2395 (50% of 1.2748-1.2042) then 1.2401 (high Jul.6) and 1.2508 (low Jun.4).
On the downside, a breakdown of 1.2225 (low Ju.30) would bring 1.2200 (psychological level) then 1.2170 (high Jul.25) and 1.2118 (low Jul.26).
Markets are trading directionless so far, eyeing the ECB monetary policy meeting due later in the week.
EUR/USD is advancing 0.06% at 1.2268 as of writing, with the next resistance at 1.2390 (high Jul.27) ahead of 1.2395 (50% of 1.2748-1.2042) then 1.2401 (high Jul.6) and 1.2508 (low Jun.4).
On the downside, a breakdown of 1.2225 (low Ju.30) would bring 1.2200 (psychological level) then 1.2170 (high Jul.25) and 1.2118 (low Jul.26).
