EUR/USD back around 1.3500

FXstreet.com (Edinburgh) - the common currency has acted according to what was expected at the beginning of the business week, falling nearly 50 pips and dragging to the EUR/USD to levels below 1.3480 after the events in Italy for the weekend.

EUR/USD weak after data in Germany

The couple maintains ground negative today Monday, while political instability in Italy still weighing on the mood of investors. In another sense and adding to the vendor interest, retail in Germany during August sales have disappointed operators, growing at a monthly rate of 0.5% and 0.3% in the last twelve months compared with 0.8% and 0.4% respectively expected. What follows in the euro zone will be the preliminary data from the price to the consumer for September, where consensus awaiting an increase in the CPI of 1.2% in terms annual and 1.1% in the underlying measure. On the other side of the Atlantic, the highlight goes through regional measures in the sector of manufacturing in the Chicago PMI and the Dallas Fed index.

EUR/USD levels to consider

Currently the pair lost 0.23% in 1.3489 and break under 1.3459 (23.6% of 1.3104-.13569) would open the door to 1.3453 (max. ago.20) and finally 1.3399 (max. ago.28).
On the other hand, the first resistance is located at 1.3569 (max. sep.19) in front of 1.3598 (max. feb.5) and subsequently 1.3660 (max. feb.4).

* FXstreet.es, news of currency *