FXstreet.com (Barcelona) – The EUR is circling the 1.2300 mark despite French industrial production has contracted more than expected to 1.9% MoM in May and 3.5% over the last twelve months. Manufacturing production have also contracted 1.0% MoM and 4.5% since May 2011
No further data is expected in the euro bloc, while the US will release IBD/TIPP Economic Optimism index and NFIB Business Optimism index. Fed’s member Bullard will give a speech as well.
EUR/USD is down 0.14% at 1.2294 with the immediate support at 1.2230 followed by 1.2190 then 1.2151 and 1.2132
On the flip side, a breakout of 1.2365 would open the door to 1.2401 then 1.2456 and 1.2508
