FXstreet.com (Barcelona) - After being strongly pressured ahead of the European session, printing its daily low at 1.3425 on the opening and regressing to that area via plunge post-EMU data, the EUR/USD bounced back to 1.3450, erasing most of the losses.
Italy released its wage inflation figures in December, pointing to a 0.1% monthly rise and an annualized increase from 1.6% to 1.7%. Italian Consumer Confidence dropped from 85.7 to 84.6 in January, despite the rising consensus to 86.0.
Earlier, EMU money supply eased from 3.8% to 3.3% (YoY) in December, instead of rising to 3.9%. The 3m basis registed a rise from 3.4% to 3.7%. Private Loans contracted -0.7% in December (YoY).
Mataf.net analysts point to resistances at 1.3480, 1.3505 and 1.3550. On the downside, supports might be found at 1.3440, 1.3410 and 1.3350.
Italy released its wage inflation figures in December, pointing to a 0.1% monthly rise and an annualized increase from 1.6% to 1.7%. Italian Consumer Confidence dropped from 85.7 to 84.6 in January, despite the rising consensus to 86.0.
Earlier, EMU money supply eased from 3.8% to 3.3% (YoY) in December, instead of rising to 3.9%. The 3m basis registed a rise from 3.4% to 3.7%. Private Loans contracted -0.7% in December (YoY).
Mataf.net analysts point to resistances at 1.3480, 1.3505 and 1.3550. On the downside, supports might be found at 1.3440, 1.3410 and 1.3350.
