The euro Weekends Consolidation

The movement of the Euro currency is higher since early trade moving consolidation until mid session Europe today (18/12) by pull interesting U.S. dollar sentiment and also bad data current account in October the Euro Area.

In the releases reported this afternoon, data current account Eurozone October down from the position of the September, where the surplus this area rose to EUR25,9 billion after previously in September successfully obtain EUR 33.8 billion. The revelation of this surplus caused 16 nations sharing the secondary income deficit.

From the sides of the movement of the U.S. dollar index this afternoon trade becoming weaker correcting the strengthening of the previous trade respond to early U.S. economic data released this night the flash data service that will be reported to the Markit PMI.

The movement of the Euro currency in the European session (11:15:35 GMT) move down against the US dollar, after opening weak on 1.0826 in early trade (00.00 GMT), the Euro currency fell 1 pips mount or 0.01 percent and value of the scroll is at 1.0825.

For the next trade until the close of trading American session ends tomorrow morning we  estimates pair EURUSD can go down to the range support 1.0781 but if the dollar fell then pair can rise back to the position of the resistant 1.0892