EUR/USD was down 0.41% to 1.2580, off session lows of 1.2555.The single currency found support after official data showed that the number of people unemployed in Germany fell by 22,000 this month, compared to expectations for a gain of 5,000.The country’s unemployment rate was unchanged at 6.7%.The report came after data showing that Spain’s economy grew 0.5% in the three months September, and expanded 1.6% on a year-over- year basis, both in line with forecasts.A separate report showed that the annual rate of inflation in Spain remained below zero this month, falling 0.1% after declining 0.2% in September.
INTRADAY OUTLOOK
Support:1.2579
Resistance: 1.2610
RECOMMENDATION:
1. Buy EUR/USD Above 1.2619-TG:1.2639/1.2669 SL 1.2589
2. Sell EUR/USD Below 1.2575-TG:1.2555/1.2525 SL 1.2605
INTRADAY OUTLOOK
Immediate Support: 0.7784
Immediate Resistance: 0.7841
RECOMMENDATION:
1. Buy NZD/USD Above 0.7843-TG:0.7863/0.7893 SL 0.7813
2. Sell NZD/USD Below 0.7782-TG:0.7762/0.7732 SL 0.7812
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