Forex: EUR/USD up, eyes on 1.3000

FXstreet.com (Barcelona) - The good mood is back to euro traders on Tuesday, pushing the single currency back to the vicinity of the key psychological mark of 1.3000

Against the backdrop of the Ecofin meeting, speech by ECB’s M.Draghi before the European Parliament Economy Committee and the meeting between A.Merkel and A.Samaras in Athens will be in the centre of attention and would be the main catalysts for price action.

Euro zone calendar completes with French budget and trade balance figures, Italian GDP and inflation figures in Greece.

As of writing, the cross is up 0.14% at 1.2986 with the next resistance at 1.3035 (hourly high Oct.8) ahead of 1.3072 (high Oct.5) then 1.3120 (high Sep.18) and 1.3135 (Upper Bollinger).
On the flip side, a breakdown of 1.2925 (MA10d) would bring 1.2878 (low Oct.4) then 1.2823 (MA200d) and 1.2804 (low Oct.1).

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