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17 Jan 2013
Forex: EUR/USD keeps the tops around 1.3350/55
FXstreet.com (Barcelona) - The bloc currency remains trading in the upper end of today’s range, flirting with the mid 1.3300s as risk appetite is now leading the way in the FX markets.
A well-received Spanish auction has been supportive of the euro, despite the poor data out of the Construction Output in the bloc, contracting 0.4% on a monthly basis and 4.7% YoY during November.
At the moment, the pair is advancing 0.51% at 1.3357
Next resistance levels line up at 1.3370 (Upper Bollinger) ahead of 1.3382 (high Jan.14) and finally 1.3487 (2012 high Feb.24).
On the flip side, a dip beyond 1.3249 (low Jan.11) would aim for 1.3221 (MA21d) and then 1.3204 (MA10d).
A well-received Spanish auction has been supportive of the euro, despite the poor data out of the Construction Output in the bloc, contracting 0.4% on a monthly basis and 4.7% YoY during November.
At the moment, the pair is advancing 0.51% at 1.3357
Next resistance levels line up at 1.3370 (Upper Bollinger) ahead of 1.3382 (high Jan.14) and finally 1.3487 (2012 high Feb.24).
On the flip side, a dip beyond 1.3249 (low Jan.11) would aim for 1.3221 (MA21d) and then 1.3204 (MA10d).