Back
18 Feb 2013
Forex: EUR/USD muted after EMU data
The shared currency keeps the 1.3335/40 area after the EMU Current Account surplus (s.a.) shrunk to €13.9 billion in December from €15.9 billion in the previous month. Results for the n.s.a. print were €27.0 billion vs. €20.8 billion, against estimates at €13.6 billion and €30.0 billion respectively.
In another direction, December Spanish bad-loans ratio dropped to 10.44% from 11.38% in the previous month.
At the moment, the pair is down 0.08% at 1.3337
Next support levels line up at 1.3307 (low Feb.15) ahead of 1.3286 (low Jan.24) and then 1.3271 (MA55d).
On the flip side, a breakout of 1.3393 (high Fev.15) would open the door to 1.3415 (hourly high/low Feb14) and then 1.3422 (MA10d).
In another direction, December Spanish bad-loans ratio dropped to 10.44% from 11.38% in the previous month.
At the moment, the pair is down 0.08% at 1.3337
Next support levels line up at 1.3307 (low Feb.15) ahead of 1.3286 (low Jan.24) and then 1.3271 (MA55d).
On the flip side, a breakout of 1.3393 (high Fev.15) would open the door to 1.3415 (hourly high/low Feb14) and then 1.3422 (MA10d).