More from FXstreet.com

Forex: EUR/USD up, eyes on 1.2980

By FXstreet.com,  October 16, 2012, 01:59:00 AM EDT

FXstreet.com (Barcelona) - The bloc currency is trading firmly into the positive territory on Tuesday, printing fresh session highs as of writing in the vicinity of 1.2980
Risk sentiment remains buoyant today, extending its momentum from yesterday's session, where demand for risk-associated assets has pushed the cross from the boundaries of the key support at 1.2900

Fairly busy calendar in the euro zone this morning, as Italian trade balance, Spanish auction, EMU inflation figures and trade balance and the German ZEW Survey are due.

The cross is up 0.19% at 1.2973 facing the next resistance at 1.2993 (high Oct.12) followed by 1.3035 (high Oct.8) then 1.3072 (high Oct.5) and 1.3087 (Upper Bollinger).
On the flip side, a dip below 1.2892 (low Oct.15) would bring 1.2827 (low Oct.11) then 1.2825 (MA200d) and 1.2806 (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:



Latest News Video

Private Island on the Thames: $11.7 Million
Private Island on the Thames: $11.7...
Take Control Of Your Wealth
Take Control Of Your Wealth         
How to Avoid Getting Caught Pre-Defection
How to Avoid Getting Caught Pre-Def...
WSJ House of the Week: And the Winner Is…
WSJ House of the Week: And the Winn...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.




Most Active by Volume:

Company Last Sale Change Net / %
PFE $ 29.40 0.24  0.82%
NOK $ 3.86 0.17  4.61%
S $ 7.32 0.10  1.39%
BAC $ 13.27 0.06  0.45%
GE $ 24.33 0.56  2.36%
MU $ 13.76 0.52  3.93%
SIRI $ 3.40 0.06  1.80%
MNKD $ 6.605 0.94  12.40%