Daily Review EURO (EUR) - 16/11/2009

on November 16 2009 3:52 AM

The Euro gained versus the Dollar on Friday after gains in stock markets led risk appetite higher causing investors to ignore weak economic data. German Prelim GDP came out weaker with 0.7% versus 0.8% expected and European Flash GDP came out 0.4% versus 0.6% expected. EUR/USD traded with a low of 1.4824 and with a high of 1.4937. Today, European CPI and Core CPI are expected unchanged with -0.1% and 1.2% respectively.

EUR/USD - Last: 1.4950

Resistance

1.4955

1.4985

1.5015

Support

1.4825

1.4800

1.4710

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