forex trading outlook today - EUR-CAD prediction april 26 2012 : The single currency gained 0.01% against the loonie in the early hours of the European trading session. The eurozone's consumer, economic and industrial confidence indices did worse than expected with scores of -19.9, 92.8 and -9.0, respectively. Germany's CPI should come shortly afterwards and it is expected that YoY price changes will be at 2.0%, slightly lower than the previous reading of 2.1%.
The cross is currently at 1.2999, below 1.3021(SMA200) and faces resistance at 1.3047, before 1.3098 and 1.3138 according to Fxstreet.com pivot points on technical tools. On the downside, there is support at 1.2956, before 1.2916 and 1.2865.
H1.3015 L 1.2983
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