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EUR/USD selling off – perhaps on reports of US ramping up military activity

FXstreet.com (Barcelona) – The EUR/USD never made it up to projected “correction resistance” at 1.3351 before starting to fade once again – perhaps due to negative news flow on the Syrian situation.

German and then U.S. data may divert some attention from Syria

In a few hours, traders will be getting German unemployment and inflation data and Spanish GDP. Later in the session, US GDP, Personal Consumption Expenditures and Weekly Jobless Claims will be released – all of which could move the markets. Additionally, the topic of Fed tapering will be rearing its ugly head again with a …read more