Index Euro currency on trade this week (September 24 to 29) generally tracked showed a decline. Euro index after it opened at around 100.86 in early trading week was down about -73 pips or about -0.72% and closed at 100.13 range.
Analyst Research Vibiz of Vibiz Consulting suggests that trade at this week’s show patterns weakened, whereas in the previous week’s trading is likely to show the movement down.
Back simmering protests in Spain and Greece dampen euphoria euro rise after ECB’s readiness to buy troubled government debt indefinitely. As for trading in the coming week (October 1 to 6), the normal range of movement in weekly Euro index is expected to have a support level at around 99.67 and resistance level at around 100.77.
The movement of the index currency is expected to be influenced by several factors such as: Spanish Manufacturing PMI, Italian Manufacturing PMI, Unemployment Rate, Unemployment Spanish Change, Retail Sales m / m, 10-y French Bond Auction, Minimum Bid Rate, German Factory Orders m / m.