FXstreet.com (Barcelona) - The single currency is hovering over the area around 1.3390/3400 as the NA session is drawing to a close and the risk appetite is creeping back to the markets.
Ahead of Wednesday’s docket in the euro area, inflation figures in Germany are due ahead of French Business Climate and CPI. Italian industrial orders/sales would follow, and a German 10-year bond auction will close the day.
The cross is now advancing 0.27% at 1.3387 with the next resistance at 1.3393 (high Feb.15) followed by 1.3401 (MA10d) and then 1.3415 (hourly high/low Feb14).
On the downside, a breach of 1.3307 (low Feb.15) would expose 1.3286 (low Jan.24) en route to 1.3276 (MA55d).
Ahead of Wednesday’s docket in the euro area, inflation figures in Germany are due ahead of French Business Climate and CPI. Italian industrial orders/sales would follow, and a German 10-year bond auction will close the day.
The cross is now advancing 0.27% at 1.3387 with the next resistance at 1.3393 (high Feb.15) followed by 1.3401 (MA10d) and then 1.3415 (hourly high/low Feb14).
On the downside, a breach of 1.3307 (low Feb.15) would expose 1.3286 (low Jan.24) en route to 1.3276 (MA55d).
