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8 Apr 2013
Forex: EUR/USD hovering over 1.3000/10
FXstreet.com (Barcelona) - The single currency is heading towards the key limestone at 1.3000 in a context of increasing selling pressure as the NA session is drawing to a close on Monday.
Moving forward to Tuesday’s docket, Germany and France will release their trade balance figures ahead of Italian Wage Inflation and Greek CPI. Across the pond, speeches by Fed’s Lacker and Lockhart are due, as the US docket will be empty of relevant events.
At the moment, the cross is advancing 0.15% at 1.3010 facing the next resistance at 1.3040 (high Apr.5) followed by 1.3050 (high Mar.25) and then 1.3107 (high Mar.15).
On the downside, a breach of 1.2918 (MA21d) would bring 1.2896 (MA200d) and finally 1.2868 (MA10d).
Moving forward to Tuesday’s docket, Germany and France will release their trade balance figures ahead of Italian Wage Inflation and Greek CPI. Across the pond, speeches by Fed’s Lacker and Lockhart are due, as the US docket will be empty of relevant events.
At the moment, the cross is advancing 0.15% at 1.3010 facing the next resistance at 1.3040 (high Apr.5) followed by 1.3050 (high Mar.25) and then 1.3107 (high Mar.15).
On the downside, a breach of 1.2918 (MA21d) would bring 1.2896 (MA200d) and finally 1.2868 (MA10d).