FXstreet.com (Barcelona) - The bloc currency is hovering over the key resistance at 1.2400 on Tuesday, ahead of German Factory Orders due later on. Prior surveys expect the headline to contract 1.0% during June, down from +0.6%.
More results will come with Italian industrial output and flash GDP figures for the second quarter. Across the Atlantic, Fed’s Bernanke will give another speech, although no announcements are expected.
At the moment EUR/USD is losing 0.11% at 1.2388 with the next support at 1.2342 (low Aug.6) followe by 1.2322 (MA30d) then 1.2252 (MA10d) and 1.2203 (hourly low Aug.3).
On the flip side, a break above 1.2444 (high Aug.6) would bring 1.2500 (psychological level) then 1.2539 (high Jul.5) and 1.2602 (Upper Bollinger).
More results will come with Italian industrial output and flash GDP figures for the second quarter. Across the Atlantic, Fed’s Bernanke will give another speech, although no announcements are expected.
At the moment EUR/USD is losing 0.11% at 1.2388 with the next support at 1.2342 (low Aug.6) followe by 1.2322 (MA30d) then 1.2252 (MA10d) and 1.2203 (hourly low Aug.3).
On the flip side, a break above 1.2444 (high Aug.6) would bring 1.2500 (psychological level) then 1.2539 (high Jul.5) and 1.2602 (Upper Bollinger).
