FXstreet.com (Barcelona) - The bloc currency seems unstoppable this week, as it finally managed to break above the key 1.3500 handle and is keeping it despite the disappointing data out of Spain. In fact, the Spanish GDP contracted 1.8% on a yearly basis during the fourth quarter and 0.7% QoQ, both prints below forecasts and Q3’s -1.4% and -0.3%.

As of wririntg, EUR/USD is up 0.12% at 1.3508 with the next resistance at 1.3550 (high Dec.2 2011) followed by 1.3569 (high Nov.22 2011) and then 1.3570 (Upper Bollinger).
On the downside, a breach of 1.3415 (low Jan.29) would bring 1.3392 (MA10d) and 1.3349 (low Jan.25).