Back
13 Feb 2013
Forex: EUR/USD around 1.3445/50, ahead of German data
The single currency is trading almost unchanged of Wednesday, after following a consolidation pattern overnight around the mid 1.3400s.
Next on tap in the euro zone calendar would be the Wholesale Prices in Germany during January, expected to rise 0.2% on a monthly basis and 2.2% over the last twelve months.
At the moment, the cross is down 0.04% at 1.3448 with the immediate support at 1.3430 (MA21d) ahead of 1.3364 (low Feb.11) and then 1.3325 (low Feb.11).
On the flip side, a breakout of 1.3475 (high Feb.12) would bring 1.3501 (MA10d) and then 1.3577 (high Feb.7).
Next on tap in the euro zone calendar would be the Wholesale Prices in Germany during January, expected to rise 0.2% on a monthly basis and 2.2% over the last twelve months.
At the moment, the cross is down 0.04% at 1.3448 with the immediate support at 1.3430 (MA21d) ahead of 1.3364 (low Feb.11) and then 1.3325 (low Feb.11).
On the flip side, a breakout of 1.3475 (high Feb.12) would bring 1.3501 (MA10d) and then 1.3577 (high Feb.7).