FXstreet.com (Barcelona) - The bloc currency is trading firmly into the positive territory on Tuesday, printing fresh session highs as of writing in the vicinity of 1.2980
Risk sentiment remains buoyant today, extending its momentum from yesterday’s session, where demand for risk-associated assets has pushed the cross from the boundaries of the key support at 1.2900
Fairly busy calendar in the euro zone this morning, as Italian trade balance, Spanish auction, EMU inflation figures and trade balance and the German ZEW Survey are due.
The cross is up 0.19% at 1.2973 facing the next resistance at 1.2993 (high Oct.12) followed by 1.3035 (high Oct.8) then 1.3072 (high Oct.5) and 1.3087 (Upper Bollinger).
On the flip side, a dip below 1.2892 (low Oct.15) would bring 1.2827 (low Oct.11) then 1.2825 (MA200d) and 1.2806 (Lower Bollinger).
Risk sentiment remains buoyant today, extending its momentum from yesterday’s session, where demand for risk-associated assets has pushed the cross from the boundaries of the key support at 1.2900
Fairly busy calendar in the euro zone this morning, as Italian trade balance, Spanish auction, EMU inflation figures and trade balance and the German ZEW Survey are due.
The cross is up 0.19% at 1.2973 facing the next resistance at 1.2993 (high Oct.12) followed by 1.3035 (high Oct.8) then 1.3072 (high Oct.5) and 1.3087 (Upper Bollinger).
On the flip side, a dip below 1.2892 (low Oct.15) would bring 1.2827 (low Oct.11) then 1.2825 (MA200d) and 1.2806 (Lower Bollinger).
