Spanish loan auction, good EU datas from Germany

Successful Spanish loan auction
After the successful Spanish loan auction EUR/USD can overcome the area around 1.4040 and heads topically for 1.4100. Therefore the latest fears around a renewed amount of the European debt crisis move a piece further in the background.

Persuasive data from Germany
Today morning the shopping manager’s clue from Germany could be convincing and have brought EUR/USD back in the rising track. The PMI for the processing trade rose in October on 56.1 points and in the service industry on 56.6 points. If EUR/USD the jump about his next opposition succeeds with 1.3990, wait on the top as an opposition very to be estimated with 1.4005 and subsequently the area 1.4030 – 40.

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