The common currency largely bypassed the German data release, with EUR/USDsidelining around 1.1460/65.
EUR/USD keeps the red
The demand for the euro remains subdued on Friday while markets are exhibiting the classic flat-line pattern pre-US Payrolls. German Industrial Production came in below consensus for the moth of September, expanding 0.1% inter-month (vs. 0.4% forecasted) and contracting 0.7% over the last twelve months, down from the previous 0.3% contraction.
Second-tier releases in the euro area will follow – French Budget/Trade Balance and Spanish Industrial Output – albeit all the attention will hover over the US Payrolls (234K exp.).
EUR/USD significant levels
As of writing the pair is losing 0.22% at 1.1461 with the initial support at 1.1339 (200-h MA) ahead of 1.1330 (10-d MA) and finally 1.1280 (low Feb.2). On the flip side, a surpass of 1.1507 (21-d MA) would expose 1.1534 (high Feb.3) and then 1.1600 (psychological level).
EUR/USD keeps the red
The demand for the euro remains subdued on Friday while markets are exhibiting the classic flat-line pattern pre-US Payrolls. German Industrial Production came in below consensus for the moth of September, expanding 0.1% inter-month (vs. 0.4% forecasted) and contracting 0.7% over the last twelve months, down from the previous 0.3% contraction.
Second-tier releases in the euro area will follow – French Budget/Trade Balance and Spanish Industrial Output – albeit all the attention will hover over the US Payrolls (234K exp.).
EUR/USD significant levels
As of writing the pair is losing 0.22% at 1.1461 with the initial support at 1.1339 (200-h MA) ahead of 1.1330 (10-d MA) and finally 1.1280 (low Feb.2). On the flip side, a surpass of 1.1507 (21-d MA) would expose 1.1534 (high Feb.3) and then 1.1600 (psychological level).
