Euro Rate Under Pressure After France and Italy Data

The movement of the exchange rate of the Euro that are already weakened from the outset of trading moving increasingly weak until the end of the European sessiontoday (23/12) after 3 successive trading day rally. After the pair EURUSD today struck by poor economic data the Member States of that region of France and Italy.

Negative sentiment grew stronger when the economic indicators the FrenchHousehold Consumption in November continue contraction of the data from the previous month. So too Italy economic indicators for retail sector sales in Novembershowed the numbers disappointed.

The movement of the us dollar index trading this afternoon trying to rally despite the observed negative sentiment that reflects the rate of mixednya economic datatonight. Tonight there are economic data that affects the very strong will exchange rate data is durable goods orders and new home sales data.

The movement of the exchange rate of the Euro in the European session (11:00:35 GMT) moving down against the u.s. dollar, after opening weak in early trade at 1.0957 (00.00 GMT), the exchange rate of the Euro down 27 pips or 0.2% and scrolling values are at 1.0930.

For the next trade until the closure of the trading session ended America tomorrow morning, the kMI predicted the pair EURUSD can come down to the range of support1.0911 however if the dollar plummeted again then the pair can climb back to a position of resistant 1.0993