FXstreet.com (Barcelona) - The bloc currency is entering the last part of the NA session on Friday trading well into the positive territory, after spiralling risk appetite during the week has pushed the cross to levels above 1.3170 in today’s session.
Moving forward to Monday, risk trends would surely be affected by the outcome of the Lower House elections in Japan - due on Sunday - while the euro zone will see the Italian and EMU trade balance figures.
At the moment the cross is up 0.62% at 1.3159
Next resistance levels line up at 1.3173 (high Sep.17) ahead of 1.3181 (high May.3) and then 1.3242 (high May 2).
On the flip side, a break below 1.3130 (intraday support) would open the door to 1.3067 (low Dec.14) and finally 1.3042 (low Dec.13).
Moving forward to Monday, risk trends would surely be affected by the outcome of the Lower House elections in Japan - due on Sunday - while the euro zone will see the Italian and EMU trade balance figures.
At the moment the cross is up 0.62% at 1.3159
Next resistance levels line up at 1.3173 (high Sep.17) ahead of 1.3181 (high May.3) and then 1.3242 (high May 2).
On the flip side, a break below 1.3130 (intraday support) would open the door to 1.3067 (low Dec.14) and finally 1.3042 (low Dec.13).
