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[COLOR=#444444][FONT=Arial][B][URL="http://www.forexcrunch.com/category/forex-weekly-outlook/eur-usd-outlook/"]EUR/USD[/URL] continues to show volatility, as it fell sharply following several strong releases out of the US on Thursday. Final GDP, Existing Home Sales and the Philly Fed Manufacturing Index were all better than the market estimate. The euro dropped below the 1.32 line overnight, but has partially recovered. In Friday’s releases, GfK German Consumer Climate disappointed, falling below the market forecast. It will be a busy day in the US, with seven releases, highlighted by Core Durable Goods Orders. [/B][/FONT][/COLOR]
[COLOR=#444444][FONT=Arial][B]EUR/USD Technical[/B][/FONT][/COLOR]

[LIST][*]Asian session: ...

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[COLOR=#444444][FONT=Arial][B][URL="http://www.forexcrunch.com/category/forex-weekly-outlook/eur-usd-outlook/"]EUR/USD[/URL] is steady, as the markets await three key releases out of the US on Thursday. These include Unemployment Claims, Existing Home Sales, and the Philly Fed Manufacturing Index. Any unexpected readings from these releases could affect the movement of EUR/USD. The pair has shown some volatility, as it briefly broke the 1.33 line before retracting. Taking a look at other releases, German PPI declined by 0.1%, matching the forecast. Italian Retail Sales disappointed, as it declined by 1.0%, well below the estimate. [/B][/FONT][/COLOR]
[COLOR=#444444][FONT=Arial][B]EUR/USD Technical[/B][/FONT][/COLOR]

[LIST][*]Asian ...

USDCAD breaks above the upper line of the price channel on 4-hour chart, suggesting that lengthier consolidation of the downtrend from 1.0055 is underway. Range trading between 0.9824 and 0.9920 would likely be seen in a couple of days. Resistance is at 0.9920, as long as this level holds, the downtrend could be expected to resume, and another fall towards 0.9700 is still possible, and a breakdown below 0.9850 could signal resumption of the downtrend.



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