FXstreet.com (Barcelona) - The single currency is entering the last part of the NA session on Wednesday trading in the upper end of today’s range, spurred by further easing by the Fed. The momentum in the euro has pushed the cross to the boundaries of the key level at 1.3100, running out of steam since then and retreating to the 1.3080 region.

Thursday’s docket appears interesting on the cards, as inflation figures will be released in Spain and Italy, preceding the ECB Monthly Report and a Spanish auction of 3-year and 5-year bonds.

At the time of writing, EUR/USD is up 0.56% at 1.3080 with the next resistance at 1.3098 (high Dec.12) followed by 1.3127 (high Dec.5) and finally 1.3129 (high Oct.18).
On the flip side, a breach of 1.3030 (hourly support) would expose 1.2996 (low Dec.12) en route to 1.2930 (low Dec.11).