FXstreet.com (Barcelona) - The euro is orbiting around the key resistance at 1.3300 on Wednesday, ahead of the Fed’s Beige Book to be released in the European evening.
Choppy session for the single currency so far, driven mainly by rumors from EU officials, as the docket in the euro area was very light and more relevant US inflation figures were in line with previous surveys.
The cross is now losing 0.03% at 1.3301, facing the next support at 1.3249 (low Jan.11) ahead of 1.3200 (MA21d) and then 1.3193 (MA10d).
On the flipside, a breakout of 1.3325 would clear the way to 1.3370 (Upper Bollinger) and 1.3404 (high Jan.14).
Choppy session for the single currency so far, driven mainly by rumors from EU officials, as the docket in the euro area was very light and more relevant US inflation figures were in line with previous surveys.
The cross is now losing 0.03% at 1.3301, facing the next support at 1.3249 (low Jan.11) ahead of 1.3200 (MA21d) and then 1.3193 (MA10d).
On the flipside, a breakout of 1.3325 would clear the way to 1.3370 (Upper Bollinger) and 1.3404 (high Jan.14).
