FXstreet.com (Barcelona) - The single currency has given away a few pips after German Producer Price index rose 0.3% MoM during September and 1.7% over the last twelve months. Forecasts were expecting +0.3% and +1.6%, respectively.
Thin calendar in the euro zone will see EMU Current Account and Italian industrial orders/sales. In the US, Existing Home Sales are due.
At the moment, EUR/USD is down 0.05% at 1.3059 with the immediate support at 1.3054 (low Oct.17) ahead of 1.2993 (high Oct.12) then 1.2991 (MA10d) and 1.2954 (MA21d).
On the upside, a break above 1.3140 (high Oct.17) would open the door to 1.3144 (down trend line from 2011 high) then 1.3173 (high Sep.17) and 1.3181 (high May 3).
Thin calendar in the euro zone will see EMU Current Account and Italian industrial orders/sales. In the US, Existing Home Sales are due.
At the moment, EUR/USD is down 0.05% at 1.3059 with the immediate support at 1.3054 (low Oct.17) ahead of 1.2993 (high Oct.12) then 1.2991 (MA10d) and 1.2954 (MA21d).
On the upside, a break above 1.3140 (high Oct.17) would open the door to 1.3144 (down trend line from 2011 high) then 1.3173 (high Sep.17) and 1.3181 (high May 3).
