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Forex: EUR/USD hovering over 1.3250

By FXstreet.com,  January 11, 2013, 01:55:00 AM EDT

FXstreet.com (Barcelona) - The euro keeps yesterday's close levels around 1.3250 against the greenback, despite markets are slightly biased towards the risk aversion.

Inflation data in the Chinese economy showed that the CPI rose 0.8% MoM during December and 2.5% over the last twelve months, beating estimates at +0.5% and +2.3% respectively. Producer prices contracted 1.9% on a year through December, below the expected -1.8%.

As of writing, the cross is losing 0.13% at 1.3253 facing the next resistance at 1.3300 (high Jan.2) followed by 1.3308 (high Dec.19) and then 1.3368 (high Apr.3).
On the flip side, a breakdown of 1.3170 (MA21d) would expose 1.3120 (MA200h) and then 1.3040 (Lower Bollinger).




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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