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Forex: EUR/USD consolidates losses around 1.3050/60

By FXstreet.com,  January 09, 2013, 02:39:00 PM EDT

FXstreet.com (Barcelona) - The bloc currency remains trading in a congestion pattern centred in the region of 1.3050/60, as markets approach to the last part of the trading session in Wall St.

Thursday's docket is on sight: big day for the euro, as the ECB will hold its monthly gathering. Nonetheless, market participants expect the volatility in EUR/USD to come from President Draghi's presser, as expectations for a rate cut are almost non-existent.

At the moment, the pair is losing 0.15% at 1.3061
Next support levels are located at 1.3030 (Lower Bollinger) en route to 1.3018 (low Jan.7) and then 1.2998 (low Jan.4).
On the flip side, advances beyond 1.3096 (high Jan.9) would aim to 1.3140 (high Jan.8) and finally 1.3141 (MA10d).




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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