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Forex: EUR/USD remains isolated at 1.3070/80

By FXstreet.com,  January 09, 2013, 05:19:00 AM EDT

FXstreet.com (Barcelona) - The deaf tone surrounding the single currency was not altered after the economic activity in the euro bloc has contracted 0.1% QoQ in the last quarter, matching expectations and previous reading.

Continuing with the euro docket, the Greek Industrial Production slipped 2.9% on a year through November, well below the prior advance of 3.5%.

EUR/USD is now losing 0.07% at 1.3072, with the immediate support at of 1.3058 (low Jan.8) ahead of 1.3036 (Lower Bollinger) and 1.3018 (low Jan.7).
On the upside, a break above 1.3140 (high Jan.8) would aim towards 1.3144 (MA10d) and 1.3161 (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

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