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FXstreet.com (Barcelona) - EUR/USD is currently at 1.2237, flat for the Asia-Pacific session so far, with highs for same period at 1.2249, and lows at 1.2223, what makes quite a narrow range for a busy session in other markets like Yen or Aussie. All the key risk events taking place today in Asia, including the much worse than expected 27k jobs loss in Australia, as well as the new 45 yen trillion in APP BoJ just announced, did not make much for EUR/USD to move. Local share markets trade in the red overall, with Hang-Seng lower by -1.63%.

For the London session ahead ECB monthly bulletin will be out at 08:00 GMT, followed one hour later by EU industrial production, and later on ECB Draghi giving a speech at 12:00 GMT. Following severe austerity measures taken in Spain yesterday, their 10 year yield fell to 6.6% while Italy will try to rise today € 7.5B in 12 month bills of sovereign debt, with its 10 year bond yield closing yesterday below key 6%.

Immediate resistance to the upside for EUR/USD comes at recent session highs and yesterday's Asia-Pacific session opening price at 1.2250, followed by Tuesday's Asian session lows at 1.2280, and yesterday's highs at 1.2297. For the downside, closest support shows at recent session lows 1.2223, followed by fresh 2012 lows yesterday at 1.2213, and May 17 week 2010/June 28 week 2010 lows at 1.2151.

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