FXstreet.com (Barcelona) - Downside pressure ahead of the European morning is impeding the Euro from higher prices against the greenback just now, as the chart sees the cross dropping below 1.2400, with a session low at 1.2376.
Italian industrial output and GDP data are expected at 08:00 and 09:00 GMT, while German factory orders are due at 10:00 GMT. The EUR/USD continues to consolidate near the psychological level at 1.2400.
A neutral pair would change stance at higher ground, according to Windsor Brokers analysts: “Price action is expected to remain neutral unless a moment is build in above 1.2420 to open 1.2505 first zone”, wrote Slobodan Drvenica, pointing to targets at 1.2555 and 1.2625, while failure at 1.2330 should push lower to 1.2290.
Italian industrial output and GDP data are expected at 08:00 and 09:00 GMT, while German factory orders are due at 10:00 GMT. The EUR/USD continues to consolidate near the psychological level at 1.2400.
A neutral pair would change stance at higher ground, according to Windsor Brokers analysts: “Price action is expected to remain neutral unless a moment is build in above 1.2420 to open 1.2505 first zone”, wrote Slobodan Drvenica, pointing to targets at 1.2555 and 1.2625, while failure at 1.2330 should push lower to 1.2290.
