The euro edged lower against the dollar on Friday after data showed falling U.S. consumer spending and cooling inflation but traded in tight range investors awaited a slew of central bank meetings next week . Consumer spending, which accounts for more than two-thirds of U.S. economic activity, dropped 0.2% last month, the Commerce Department said on Friday. Data for November was revised lower to show spending slipping 0.1% instead of gaining 0.1% as previously reported. The upcoming week is marked by prominent central bank meetings including the Federal Reserve, the European Central Bank (ECB) and the Bank of England. The euro was 0.17% lower at $1.08725, but not far from the nine-month high of $1.09295 touched on Monday. Immediate resistance can be seen at 1.0942(23.6%fib), an upside break can trigger rise towards 1.1000 (psychological level).On the downside, immediate support is seen at 1.0844(9DMA), a break below could take the pair towards 1.0784(18th Jan low).
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