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Forex: EUR/USD a tad higher around 1.3270 after Spanish data

By FXstreet.com,  January 11, 2013, 03:31:00 AM EDT

FXstreet.com (Barcelona) - The euro is pointing higher on Friday despite the Spanish Industrial Output contracted 7.2% during November vs. -3.1% in the prior month. Previous data out of France showed that the Current Account registered a €2.9 deficit in November, matching October's print.

Next on tap in the euro docket will be a key Italian 10-yr bond auction, expected to follow the recent decline in yields.

EUR/USD is now losing 0.03% at 1.3266 with the next support at 1.3170 (MA21d) followed by 1.3120 (MA200h) and then 1.3040 (Lower Bollinger).
On the flip side, a surpass of 1.3300 (high Jan.2) would open the door to 1.3308 (high Dec.19) and then 1.3368 (high Apr.3).




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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