04/11/13 EUR/USD is in consolidation below 1.31

After the Euro recovery against the dollar in the last 4-5 days the process goes into consolidation. The key resistance is at 1.3121 as the break above is a signal for continues up trend. The most expecting scenario by www.world-signals.com is to see continue of the consolidation at the levels below 1.31. There are important data from Germany today: Consumer Price Index and Harmonised Index of Consumer Price. The U.S. data today is expecting at 8:30 AM Initial Claims, Continuing Claims, Export Prices ex-ag. and Import Prices ex-oil.

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