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29 Apr 2013
Forex: EUR/USD treading water around 1.3090/1.3100
FXstreet.com (Barcelona) - The euro remains anchored to the area of 1.3080/1.3100 on Monday, propped up by the risk-on tone that prevailed throughput the markets after the positive outcome from the Italian elections over the weekend.
Moving forward to Tuesday’s docket, the single currency would be under pressure as the German Gfk Consumer Confidence Survey is due ahead of the Retail Sales in the first economy of the bloc. The estimated Spanish GDP for the first quarter will follow, preceding the German/Italian/EMU unemployment rate and then the EMU/Italy Consumer Prices.
EUR/USD is now advancing 0.34% at 1.3093 and a break above 1.3130 (high Apr.19) would aim for 1.3202 (high Apr.16) and then 1.3229 (50% of Feb-Apr slide).
On the flip side, support levels align at 1.2988 (low Apr.25) ahead of 1.2954 (low Apr.24) and finally 1.2948 (MA200d).
Moving forward to Tuesday’s docket, the single currency would be under pressure as the German Gfk Consumer Confidence Survey is due ahead of the Retail Sales in the first economy of the bloc. The estimated Spanish GDP for the first quarter will follow, preceding the German/Italian/EMU unemployment rate and then the EMU/Italy Consumer Prices.
EUR/USD is now advancing 0.34% at 1.3093 and a break above 1.3130 (high Apr.19) would aim for 1.3202 (high Apr.16) and then 1.3229 (50% of Feb-Apr slide).
On the flip side, support levels align at 1.2988 (low Apr.25) ahead of 1.2954 (low Apr.24) and finally 1.2948 (MA200d).