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Forex: EUR/USD now in session highs around 1.3320/25

By FXstreet.com,  January 16, 2013, 06:31:00 AM EDT

FXstreet.com (Barcelona) - The single currency found extra buying pressure after German Finance Minister Roesler said the euro would not be overvalued, stressing at the same time that the ECB may hike the lending benchmark as the crisis in the euro area fades.

The euro is rising accordingly, quickly leaving behind the key resistance at 1.3300 and stabilizing around 1.3320 as of writing,

EUR/USD is now up 0.08% at 1.3317 with the next resistance at 1.3373 (Upper Bollinger) followed by 1.3404 (high Jan.14) and 1.3487 (2012 high Feb.24).
On the other hand, a drop beyond 1.3265 (low Jan.15) would aim to 1.3249 (low Jan.11) and then 1.3201 (MA21d).




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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