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Trading news
12 Feb 2013
Forex: EUR/USD hovering over 1.3375/80
The sentiment surrounding the bloc currency remains depressed on Tuesday, as market participants would be closely watching the short term Spanish auction of 6m and 12m Letras due later, against the backdrop of rising yields in peripheral bond markets as of late.
In the data front, French Current Account deficit during December widened to €3.6 billion from €2.8 billion previous.
At the moment, the cross is losing 0.22% at 1.3375
Next support levels line up at 1.3360 (low Feb.12) ahead of 1.3325 (low Feb.11) en route to the psychological level at 1.3300
On the upside, a breakout of 1.3411 (high Feb.12) would expose 1.34328 (high Feb.11) and finally 1.3430 (high Feb.8).
In the data front, French Current Account deficit during December widened to €3.6 billion from €2.8 billion previous.
At the moment, the cross is losing 0.22% at 1.3375
Next support levels line up at 1.3360 (low Feb.12) ahead of 1.3325 (low Feb.11) en route to the psychological level at 1.3300
On the upside, a breakout of 1.3411 (high Feb.12) would expose 1.34328 (high Feb.11) and finally 1.3430 (high Feb.8).