Friday, 3 February 2012

EUR/USD climbs even though pathetic vend sales


The European session is seeing the EUR/USD mounting, fully repeating yesterday’s victims, and printing further gains despite the weak EMU retail sales data just released. Retail sales monthly change in December was a drop by -0.4%, when analysts expected a rise of 0.3%. In the yearly basis, data fell further from -1.5% to -1.6%. The consensus was marking -1.3%. The EUR/USD behavior toward European data is due to US nonfarm payrolls due to be published in the American session, with all eyes on it.

EUR/USD

1.3174/76 (0.24%)
H1.3186 L 1.3115 
                                               

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Free Forex Calls - 26/03/2012

Buy JPYINR abv 62.0750 tgt 62.5350 sl 61.9200.

Buy USDINR abv 51.3500 tgt 51.8000 sl 51.2000.

Buy EURINR abv 68.0600 tgt 68.5100 sl 67.9100.

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