FXstreet.com (Barcelona) - The Euro is picking up after having bounced at 1.4080 low, the Euro has picked up reaching levels around 1.4140, despite the unexpected decline on Euro Zone Industrial output.

Initial resistance level lies at 1.4185 (Aug 11 high) and above here, 1.4220 (Aug 10 high) and 1.4270. On the downside, support levels lie at 1.4105/10 (Aug 10 and 11 low) and below there 1.4080 intra-day low and 1.4050/60.

Euro Zone Industrial Output declined 0.6% in June and 17.0% year on year, while the market consensus had anticipated a 0.3% monthly increase and a yearly decline of around 16.2%.

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