FXstreet.com (Barcelona) - The shared currency is trading in the proximities of 1.2450 as risk appetite is intensifying on Tuesday.
EUR is sharply appreciating against the buck leaving behind the poor data out of Germany, as Factory Orders have declined 1.7% MoM and 7.8% since June 2011
Extremely light docket In the US, as Chief Bernanke will give a speech and Consumer Credit Change is also due ($11.0 billion exp.).
EUR/USD is now up 0.39% at 1.2436 facing the next hurdle at 1.2444 (high Aug.6) ahead of the psychological level of 1.2500 then 1.2539 (high Jul.5) and 1.2594 (Upper Bollinger).
On the flip side, a break belo 1.2342 (low Aug.6) would expose 1.2320 (MA30d) then 1.2300 (psychological level) and 1.2288 (MA10d).
EUR is sharply appreciating against the buck leaving behind the poor data out of Germany, as Factory Orders have declined 1.7% MoM and 7.8% since June 2011
Extremely light docket In the US, as Chief Bernanke will give a speech and Consumer Credit Change is also due ($11.0 billion exp.).
EUR/USD is now up 0.39% at 1.2436 facing the next hurdle at 1.2444 (high Aug.6) ahead of the psychological level of 1.2500 then 1.2539 (high Jul.5) and 1.2594 (Upper Bollinger).
On the flip side, a break belo 1.2342 (low Aug.6) would expose 1.2320 (MA30d) then 1.2300 (psychological level) and 1.2288 (MA10d).
