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Forex: EUR/USD back to 1.3255/60

By FXstreet.com,  January 11, 2013, 07:20:00 AM EDT

FXstreet.com (Barcelona) - The euro is easing some ground to the mid 1.3200s on Friday, as risk aversion is posed to advance throughout the day, buoyed by a solid sentiment of profit taking after Thursday's strong gains.

Not much out of the euro docket to grab further strength after the Irish Consumer Confidence dropped back to recession territory to 49.8 from 63.8 in the previous month.

The cross is now losing 0.09% at 1.3259 with the next support at 1.3248 (low Jan.11) ahead of 1.3200 (psychological level) and then 1.3172 (38.2% of 1.2998-1.3280).
On the upside, resistance levels can be found at 1.3300 (high Jan.2) would clear the way to 1.3308 (high Dec.19) and finally 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

Referenced Stocks:



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