Forex: EUR/USD in session lows around 1.3030

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FXstreet.com (Barcelona) - The single currency is navigating around the region of 1.3030 at the end of the Asian trading hours on Monday, extending the bearishness after last week's tops in the vicinity of 1.3300

Ahead in the day the most relevant event will be the Sentix Investor Confidence index, preceding the Producer Prices in the euro area. There will be no releases in the US.

At the moment, the cross is down 0.30% at 1.3035 with the next support at 1.2996 (low Dec.12) followed by 1.2945 (Lower Bollinger) and 1.2929 (low Dec.11).
On the flip side, a surpass of 1.3093 (Kijun Line) would bring 1.3140 (MA21d) and then 1.3149 (50% of 1.33-1.2998).



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

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