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Forex: EUR/USD back to 1.3300 after Nowotny

By FXstreet.com,  January 16, 2013, 05:37:00 AM EDT

FXstreet.com (Barcelona) - The shared currency is now back above the 1.3300 figure on Wednesday, after ECB's E.Nowotny has commented that the euro exchange is not a major issue at the moment - in sharp contrast with yesterday's comments by J.C.Juncker - stating at the same time that he does not see neither inflation nor deflation pressures in the euro area. He also said that the current year would be positive for Germany, although the euro bloc would face negative growth.

The cross is now hovering over session highs, trading flat at 1.3006 with resistance levels located at 1.3373 (Upper Bollinger) en route to 1.3404 (high Jan.14) and then 1.3487 (2012 high Feb.24).
On the downside, a break below 1.3265 (low Jan.15) would accelerate losses towards 1.3249 (low Jan.11) and finally 1.3201 (MA21d).




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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