FXstreet.com (Barcelona) - The bloc currency keeps pushing higher on Monday, despite the poor data out of the industrial sector in Italy: industrial sales dipped further 5.4% YoY during September and 4.2% on a monthly basis; industrial orders just followed suit, contracting 4.0% MoM and 12.0% over the last twelve months.
In another direction, the Bank of Spain has informed that banks’ bad loans have edged higher in September to 10.7% from 10.5% in the previous print.
EUR/USD is now giving away some pips after climbing as high as 1.2787, gaining 0.20% at 1.2775 with the next resistance at 1.2802 (high Nov.15) followed by 1.2807 (MA200d) and 1.2848 (MA21d).
On the flip side, a dip below 1.2691 (low Nov/16) would open the door to 1.2662 (low Nov.13) and 1.2650 (MA100d).
In another direction, the Bank of Spain has informed that banks’ bad loans have edged higher in September to 10.7% from 10.5% in the previous print.
EUR/USD is now giving away some pips after climbing as high as 1.2787, gaining 0.20% at 1.2775 with the next resistance at 1.2802 (high Nov.15) followed by 1.2807 (MA200d) and 1.2848 (MA21d).
On the flip side, a dip below 1.2691 (low Nov/16) would open the door to 1.2662 (low Nov.13) and 1.2650 (MA100d).
