forex trading outlook today - EUR-USD trading outlook april 26 2012, prediction, forecast, sell, buy : The single currency remains well bid in the 1.3235 area despite the poor batch data from the euro zone, as April’s confidence index series have missed expectations in all of its components: consumer confidence -19.9 act. vs. -19.8 exp., economic confidence 92.8 act. vs 94.2 exp. and industrial confidence -9.0 act. vs. -7.0 exp.
German flash CPI figures are due later on while housing data and the weekly labor market report are also expected in the US.
As of writing, the cross is up 0.14% at 1.3241, facing the next resistance at 1.3300 (low Apr.3) ahead of 1.3331 (Upper Bollinger) then 1.3368 (high Apr.3) and 1.3385 (high Mar.27). On the flip side, a drop beyond 1.3172 (MA21d) would bring 1.3162 (MA10d) then 1.3113 (MA100d) and 1.3058 (low Apr.18).
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