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Forex: EUR/USD around 1.3355/60 ahead of German CPI

By FXstreet.com,  January 15, 2013, 01:53:00 AM EDT

FXstreet.com (Barcelona) - The single currency remains capped by the key resistance at 1.3400, as proved by a couple of failed attempts to follow through during the Asian session, ahead of the German inflation figures.

The euro remains anchored around 1.3350/60 on Tuesday, retracing overnight gains after the speech by B.Bernanke was ineffective to lift the greenback.

As of writing, the pair is down 0.22% at 1.3352 with the immediate support at 1.3487 (2012 high Feb.24) followed by 1.3491 (50% of 2011-2012 drop) and 1.3550 (high Dec.2 2011).
On the opposite side, a drop beyond 1.3336 (low Jan.14) would target 1.3308 (high Dec.19) and finally 1.3249 (low Jan.11).




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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