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[B]French consumer spending dropped sharply: 1.6%, much more than 0.3% that was expected. Also German retail sales fell short of expectations. But the Euro remains resilient, holding on to gains at higher support. Update.[/B]

The Euro-zone's second largest country saw consumer spending drop sharply in April: -1.6%. This is not only significantly below expectations, but also a second drop in a row after -0.7% in March.
Read the rest of the article [B][I][URL="http://www.forexcrunch.com/eurusd-remains-strong-despite-weak-figures/"]EUR/USD Shows Impressive Strength Despite Weak Figures[/URL][/I][/B]

INTRA-DAY EUR/USD OUTLOOK

Last Update At 31 May 2011 05:46 GMT

Rate : 1.4378

Euro has traded sideways after intra-day rally
fm 1.4279 (AUS) to as high as 1.4406 in Asian morn-
ing n minor consolidation is envisaged at European
opening, as long as 1.4335 (y'day's high) holds,
upmove fm 1.3968 wud extend twd daily res 1.4423.

Buy on dips n only below 1.4335 signals a temp.
top is made, risks retracement to 1.4300/03.

Range Forecast
1.4365 / 1.4405

Resistance/Support
R: 1.4406/1.4423/1.4445
S: 1.4335/1.4303/1.4279

http://www.acetraderfx.com

[B]The Swiss economy grew by only 0.3% in Q1 2011, falling short of expectations for a growth rate of 0.6%. USD/CHF, is bouncing off all time lows and moving higher.[/B]

Switzerland had a great 2010, with growth rates at almost 1% per quarter. But now, the strong value of the Swiss franc made Swiss exports less competitive. In addition, some global slowdown in Q1 also hurt growth.
Read the rest of the article [B][I][URL="http://www.forexcrunch.com/usdchf-bounces-off-lows-on-weak-gdp/"]USD/CHF Bounces Off Lows on Weak GDP[/URL][/I][/B]

Forex Trades 05/31 - European session
[b][img]http://www.mataf.net/images/_V3img/fleches/up_arrow_16.png[/img] [url="http://www.mataf.net/en/forex/gbpusd"]GBP/USD - British Pound / US Dollar[/url][/b]
[b]Entry[/b]: 1.6525
[b]Stop[/b]: 1.6505
[b]Resistances[/b]: 1.6625 - 1.6595 - 1.6545
[b]Supports[/b]: 1.645 - 1.649 - 1.652

[b][img]http://www.mataf.net/images/_V3img/fleches/up_arrow_16.png[/img] [url="http://www.mataf.net/en/forex/usdchf"]USD/CHF - US Dollar / Swiss Franc[/url][/b]
[b]Entry[/b]: 0.853
[b]Stop[/b]: 0.8505
[b]Resistances[/b]: 0.866 - 0.859 - 0.854
[b]Supports[/b]: 0.8465 - 0.8505 - 0.8525

[b][img]http://www.mataf.net/images/_V3img/fleches/down_arrow_16.png[/img] ...