FXstreet.com (Barcelona) - The single currency remains in negative territory after Spanish inflation figures have come in line with market expectations. In fact, CPI rose 0.8% on a monthly basis vs. +0.9% estimated, and 3.5% over the last twelve months.
Next on tap will be Italian CPI followed by the more relevant ZEW Survey in Germany and the EU.
At the moment EUR/USD is down 0.21% at 1.2681
Next support levels lie at 1.2673 (low Nov.13) followed by 1.2627 (low Sep.7) then 1.2607 (50% of 1.2042-1.3173) and finally 1.2600 (psychological level).
On the upside side, a climb beyond 1.2710 (high Nov.13) would aim to 1.2739 (high Nov.12) en route to 1.2791 (high Nov.9) and 1.2798 (MA10d).
Next on tap will be Italian CPI followed by the more relevant ZEW Survey in Germany and the EU.
At the moment EUR/USD is down 0.21% at 1.2681
Next support levels lie at 1.2673 (low Nov.13) followed by 1.2627 (low Sep.7) then 1.2607 (50% of 1.2042-1.3173) and finally 1.2600 (psychological level).
On the upside side, a climb beyond 1.2710 (high Nov.13) would aim to 1.2739 (high Nov.12) en route to 1.2791 (high Nov.9) and 1.2798 (MA10d).
