Home Market Updates Signals EUR/USD Dec. 23- Can’t Hold on To Gains
EUR/USD Dec. 23- Can’t Hold on To Gains
Written by Saumyatanu   
Thursday, 23 December 2010 09:16

EUR/USD Dec. 23- Can’t Hold on To Gains

 

 

 

EUR/USD managed to climb higher but retreated afterwards. How will it close before Christmas? Here’s a quick update on technicals, fundamentals and community trends.

  • Asian session:  Active session saw EUR/USD trading in range, before falling at the wake of the European session.
  • Current Range between 1.3070 to 1.3114
  • Further levels in both directions: Below     1.3070, 1.30, 1.2920, 1.2722, 1.2587. Above 1.3114, 1.3180, 1.3267, 1.3334, 1.3576,  1.37, 1.3786, 1.3950 and 1.4030.
  • 1.3070 new lower frontier.
  • 1.3440 is important resistance above and remains as such after a breakout attempt failed.

EUR/USD Fundamentals -

  • 7:45 French Consumer Spending. Exp 0.5%. Actual +2.8%.
  • 13:30  US Unemployment Claims. Exp. 421K.
  • 13:30 US Durable Goods Orders. Exp. -0.5%. Core figure, exp. +1.7%
  • 13:30 US Personal Spending. Exp. +0.5%.
  • 14:55 US Revised Consumer Sentiment. Exp. 74.7 points.
  • 15:00 US New Home Sales. Exp. 301K.

* All times are GMT.