Forex: EUR/USD breached 1.3100 after Spanish auction

FXstreet.com (Barcelona) - The single currency has penetrated the key mark at 1.3100 after Spain sold €4.25 billion in bonds maturing in three, seven and ten years, less that the targeted €4.50 billion. Yield in the 2015 bond was 3.390%, 2019 Obligaciones at 4.669% and 2022 Obligaciones at 5.29%. Results seem to be reasonable, although the 10-year benchmark yield is edging higher after the auction.

Continuing with the data, the retail sales in the bloc have deepened further, contracting 3.6% on a year through October and 1.2% on a monthly basis.

EUR/USD is now losing 0.04% at 1.3090, with the immediate support at 1.3068 (prior hourly highs) followed by 1.3047 (hourly low Dec.4) and finally 1.2973 (low Dec.3).
On the upside, a breakout of 1.3129 (high Oct.18) would aim to 1.3140 (high Oct.17) and 1.3173 (high Sep.17).

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

RELATED TOPICS