FXstreet.com (Barcelona) - The single currency has started the week trading below the key mark at 1.3000, around 100 pips lower than Friday’s close, after presidential elections in France and Greece have increased tremors in the political scenario in the euro zone and casted more uncertainties to the ailing economic conditions.
Thin docket ahead in the day for the euro as German Factory Orders and EMU Sentix index are due. Across the pond Consumer Credit is only expected in the US.
At the moment, the cross up 0.04% at 1.2991, facing resistance levels at 1.3033, followed by 1.3057 then 1.3073 and 1.3097
On the flip side, a violation of 1.2953 ahead of 1.2931 then 1.2900 and 1.2883
Thin docket ahead in the day for the euro as German Factory Orders and EMU Sentix index are due. Across the pond Consumer Credit is only expected in the US.
At the moment, the cross up 0.04% at 1.2991, facing resistance levels at 1.3033, followed by 1.3057 then 1.3073 and 1.3097
On the flip side, a violation of 1.2953 ahead of 1.2931 then 1.2900 and 1.2883
