FXstreet.com (Barcelona) - The single currency is navigating calmer waters towards the end of the NA session on Monday, orbiting around 1.3060 as of writing although well into the positive territory against the greenback.
Moving forward to Tuesday, the docket in the euro zone lacks of relevant releases, although the backdrop of the EcoFin meeting promises to give enough headlines and rumors whilst the Jobless change in Spain and the Producer Prices in the euro zone are published. Of note however are both RBA and BoC monetary policy meetings.
The cross is now advancing 0.57% at 1.3058 with the next resistance at 1.3075 (high Oct.23) then 1.3084 (high Oct.22) and finally 1.3129 (high Oct.18).
On the downside, support levels lie at 1.3020 (hourly low Dec.3) followed by 1.2969 (low Nov.30) and 1.2939 (low Nov.29).
Moving forward to Tuesday, the docket in the euro zone lacks of relevant releases, although the backdrop of the EcoFin meeting promises to give enough headlines and rumors whilst the Jobless change in Spain and the Producer Prices in the euro zone are published. Of note however are both RBA and BoC monetary policy meetings.
The cross is now advancing 0.57% at 1.3058 with the next resistance at 1.3075 (high Oct.23) then 1.3084 (high Oct.22) and finally 1.3129 (high Oct.18).
On the downside, support levels lie at 1.3020 (hourly low Dec.3) followed by 1.2969 (low Nov.30) and 1.2939 (low Nov.29).
