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EUR/USD pushed over the 1.30 line, after better than expected data of the US and Germany. German Consumer Sentiment hit a five-month high, and in the US, Retail Sales and Core Retail Sales climbed 1.1%, well above the estimate. A story in the Wall Street Journal that Spain will ask for aid sooner rather than later has the markets buzzing, as the  Spanish bailout  saga continues.  The US will release Core CPI later today.

Here’s an update about technical lines, fundamental indicators and sentiment regarding EUR/USD.

EUR/USD Technical

  • Asian session: Euro/dollar  climbed higher,  crossing 1.30 and  touching 1.3012. The pair  is  steady  in the European session.
  • Current range: 1.30 to 1.3060.

Further levels in both directions:    

  • Below: 1.30, 1.2960, 1.29, 1.2814, 1.2750, 1.2670, 1.2624 and 1.2587.
  • Above: 1.3060, 1.3105, 1.3170, 1.3290, 1.34, 1.3437 and 1.3480.
  • 1.30, a pivotal line, is providing weak support.
  • 1.3060 is a strong line on the upside.

Euro/dollar higher after positive US data, rumor over Spanish bailout- click on the graph to enlarge.

EUR/USD Fundamentals

  • 00:30 US FOMC Member John Williams Speaks.
  • 8:00  Italian Trade Balance. Exp. +2.57B. Actual -0.60B.
  • 9:00 German ZEW Economic Sentiment. Exp. -14.6 points. Actual -11.5 points.
  • 9:00 Euro-zone CPI. Exp. +2.7%. Actual +2.6%.
  • 9:00 Euro-zone Core CPI. Exp. +1.6%. Actual +1.5%.
  • 9:00 Euro-zone ZEW Economic Sentiment. Exp. -1.1 points. Actual -1.4 points.
  • 9:00 Euro-zone Trade Balance. Exp. +8.4B. Actual +9.9B.
  • 12:30 US Core CPI. Exp. +0.2%.
  • 12:30 US CPI. Exp. +0.4%.
  • 13:00 US TIC Long-Term Purchases. Exp. 45.3B.
  • 13:15 US Capacity Utilization Rate. Exp. 78.4%.
  • 13:15 US Industrial Production. Exp. +0.2%.
  • 14:00 US NAHB Housing Market Index. Exp. 41 points.
For more events and lines, see the Euro to dollar forecast

EUR/USD Sentiment