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FXstreet.com (Barcelona) - The single currency continues to grind lower on Tuesday, ahead of Chief B.Bernanke's speech due later on. It is worth noting that EUR/USD has rallied almost 100 pips yesterday during Fed's W.Dudley's speech, ending the session hovering over 1.3250

Risk aversion is prevailing on today's session, with the greenback trading around the 80.00 mark, an advancing sharply against its major rivals.

In the data front, Housing Starts has missed expectations by a hair, coming in at +698K, vs. 700K exp., and down from 699K in January. Building Permits, on the contrary, has gained 717K in the same period, crushing estimates and previous data.

EUR/USD is losing 0.25% at 1.3196 as of writing, with the next support at 1.3153 (MA10d) followed by 1.3142 (low Mar.19) then 1.3118 (MA30d) and 1.3100
On the upside, a breakout of 1.3266 (high Mar.19) would expose 1.3279 (high Mar.9) then 1.3291 (high Mar.8) and 1.3333 (high Mar.2)

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