Forex: EUR/USD testing intraday highs

FXstreet.com (Barcelona) - The single currency is pushing higher at the end of the trading session in Wall St., eyeing 1.3140 as risk appetite is fuelling the upside.

With the effects of the Italian elections dying off, the cross faces tomorrow’s docket with hopes of extending the current bull run. The euro calendar wil kick in with a gauge of the Consumer Spending in France followed by the final Spanish Q4 GDP figures ahead of German jobless rate, and EMU/Germany CPI.

EUR/USD is now advancing 0.545 at 1.3132 facing the next hurdle at 1.3200 (psychological level) ahead of 1.3319 (high Feb.25) and 1.3371 (MA21d).
On the flip side, a breakdown of 1.3042 (low Feb.27) would bring 1.3032 (daily cloud base) and finally 1.3019 (low Feb.26).

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.

RELATED TOPICS