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).
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