Daily FX Analysis

December 13, 2012
December 12, 2012
EUR/USD Yesterdays German ZEW Economic Sentiment was much better than expected, reaching a value of 6.9 from a predicted -11.4. This definitely strengthened the Euro and drove the pair higher, close to the resistance at 1.3020.
December 11, 2012
EUR/USD We anticipated another attempt at breaking the support at 1.2880 and yesterday the pair moved very close to it, but failed to touch it by 5 pips, retracing and heading higher towards the resistance at 1.2950.
December 10, 2012
EUR/USD Friday we had lower movement during the first part of the London session, but we could see an almost perfect bounce from the strong level of support at 1.2880 on the back of surprisingly better than expected US Non-Farm Employment change numbers.