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20 Feb 2013
Forex: EUR/USD around 1.3420 ahead of German data
The single currency is extending its momentum beyond the key resistance at 1.3400 at the end of the trading session in Asia.
Positive ZEW prints from Germany on Tuesday boosted European equity markets and the euro, waking up the risk appetite that eventually pushed the pair to higher levels.
Next on tap will be Consumer Price Index in Germany during January, expected to ease from December levels.
At the moment, the cross is up 0.28% at 1.3427 facing the next resistance at 1.3444 ( MA21d) followed by 1.3456 (high Feb.14).
On the downside, a breach of 1.3307 (low Feb.15) would aim for 1.3286 (low Jan.24).
Positive ZEW prints from Germany on Tuesday boosted European equity markets and the euro, waking up the risk appetite that eventually pushed the pair to higher levels.
Next on tap will be Consumer Price Index in Germany during January, expected to ease from December levels.
At the moment, the cross is up 0.28% at 1.3427 facing the next resistance at 1.3444 ( MA21d) followed by 1.3456 (high Feb.14).
On the downside, a breach of 1.3307 (low Feb.15) would aim for 1.3286 (low Jan.24).