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Forex: EUR/USD offered around 1.3260

By FXstreet.com,  January 10, 2013, 02:38:00 PM EDT

FXstreet.com (Barcelona) - Euro sentiment is marching buoyant, consolidating gains in the proximities of 1.3250 as we enter the last part of the NA session.

Friday's docket will kick in with a measure of the Chinese inflation, followed by the French Current Account and Spanish Industrial Output, all preceding a key 10-yr bond auction in the Italian deb markets. Across the pond, the most relevant release will be the US Trade Balance ahead of the Monthly Budget Statement.

As of writing, the cross is advancing 1.46% at 1.3256 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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