Forex: EUR/USD pierces 1.3300

FXstreet.com (Barcelona) - The euro has pierced the key support at 1.3300 on Friday, albeit for a few seconds, just to recover some pips since then to the actual area around 1.3320

Next in the US docket will be the preliminary results of the Reuters/Michigan Consumer Sentiment index for the month of January, expected to improve to 75.0 from 72.9

EUR/USD is now losing 0.39% en 1.3321, with the next support lying at 1.3270 (low Jan.17) ahead of 1.3258 (MA10d) and 1.3249 (low Jan.11).
On the upside, a break above 1.3404 (high Jan.14) would expose 1.3417 (Upper Bollinger) en route to 1.3487 (2012 high Feb.24).

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