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27 Feb 2013
Forex: EUR/USD around 1.3075 ahead of German data
The single currency is hovering over the area of 1.3075/80 on Wednesday, ahead of German Import Prices during January. Prior surveys expect prices to rise 0.3% on a monthly basis and to contract 0.6% over the last twelve months.
At the moment, the cross is up 0.10% at 1.3075 with the next resistance at 1.3123 (MA100d) followed by 1.3319 (high Feb.25) and then 1.3389 (MA21d).
On the flipside, a breakdown of 1.3018 (low Jan.7) would aim for 1.2998 (low Jan.4) and finally 1.2996 (low Dec.12).
At the moment, the cross is up 0.10% at 1.3075 with the next resistance at 1.3123 (MA100d) followed by 1.3319 (high Feb.25) and then 1.3389 (MA21d).
On the flipside, a breakdown of 1.3018 (low Jan.7) would aim for 1.2998 (low Jan.4) and finally 1.2996 (low Dec.12).