FXstreet.com (Barcelona) - The bloc currency is markedly up against its American counterpart at the beginning of the week, retracing early gains following the spike to almost 1.3070, after risk appetite has been boosted after BoJ has cut the assessment of 8 out of 9 regions in its Quarterly Report.
No data releases are expected today in both the euro zone and the US.
The cross is now advancing 0.28% at 1.3060 with the next resistance at 1.3114 (Upper Bollinger) followed by 1.3129 (high Oct.18) then 1.3140 (high Oct.17) and 1.3144 (down trend line from 2011 high).
On the flip side, a breakdown of 1.3014 (low Oct.19) would bring 1.2993 (high Oct.12) then 1.2989 (MA10d) and 1.2956 (MA21d).
No data releases are expected today in both the euro zone and the US.
The cross is now advancing 0.28% at 1.3060 with the next resistance at 1.3114 (Upper Bollinger) followed by 1.3129 (high Oct.18) then 1.3140 (high Oct.17) and 1.3144 (down trend line from 2011 high).
On the flip side, a breakdown of 1.3014 (low Oct.19) would bring 1.2993 (high Oct.12) then 1.2989 (MA10d) and 1.2956 (MA21d).
