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Forex: EUR/USD trading firmly around 1.3090/95

By FXstreet.com,  December 13, 2012, 01:55:00 AM EDT

FXstreet.com (Barcelona) - The single currency is printing fresh session highs in the vicinity of the 1.3100 figure on Thursday, still bolstered by the expansion of the Fed's asset purchase programme on Wednesday.

In the market front, inflation figures in Spain and Italy will follow, ahead of the ECB Monthly Report and a Spanish auction of 3-year and 5-year bonds.

The cross is now up 0.13% at 1.3092 with the next resistance at1.3098 (high Dec.12) followed by 1.3127 (high Dec.5) and finally 1.3129 (high Oct.18).
On the flip side, a breach of 1.3030 (hourly support) would expose 1.2996 (low Dec.12) en route to 1.2930 (low Dec.11).




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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