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Thomson Reuters
Nov 08 - 12:12 PM
EUR/USD - EU Forecast Dents The Euro But Expiries May Hold EUR/USD
First appeared on eFXplus on Nov 08 - 06:40 AM
  • EUR/USD 1.1412-40 EBS range in Europe with Italy news weighing
  • Low seen after the EU cut Italian growth forecast and f/c jump in deficit
  • German trade balance narrows slightly, imports and exports miss f/c
  • Germany's NSA current account surplus grows to EUR 21.1bln from EUR 15.3bln
  • EUR 1.3bln 1.1415-25 expiries look a likely focal point for a quiet session
  • Mon/Tue lows 1.1392-95 underpin. Resistance @ the post-election 1.1500 peak

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