Forex: EUR/USD inching higher, around 1.2770 (Barcelona) - The euro is trading in the upper end of today’s session, in the vicinity of 1.2770, as risk appetite is extending its positive momentum. The single currency was buoyant overnight, with trade reflecting the positive talks over the ‘fiscal cliff’ last Friday, between US President B.Obama and the Congressional leaders.

Data-wise, Italian Industrial Production will precede EMU Construction Output. Across the pond, Existing Home Sales and NAHB Housing Market index are also expected.

EUR/USD is up 0.14% at 1.2767 facing the next resistance at 1.2802 (high Nov.15) followed by 1.2810 (MA200d) and 1.2876 (high Nov.7).
On the flip side, a dip below 1.2662 (low Nov.13) would bring 1.2653 (daily cloud base) and 1.2627 (low Sep.7).

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.