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Forex: EUR/USD flat around 1.3110/20

By FXstreet.com,  January 08, 2013, 01:51:00 AM EDT

FXstreet.com (Barcelona) - The bloc currency is posting marginal losses on Tuesday, following the close in the Asian markets, hovering over the area around 1.3110/20

Next on tap will be the German trade balance figures, with market consensus expecting the trade surplus to narrow to €15.0 billion during November.

At the moment, the cross is down 0.01% at 1.3114 facing the next resistance at 1.3150 (MA21d) followed by 1.3170 (MA10d) and then 1.3190 (high Jan.3).
On the flip side, a breakdown of 1.2998 (low Jan.4) would aim to 1.2996 (low Dec.12) and 1.2988 (MA55d).




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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