FXstreet.com (Barcelona) - The German IFO index is expected to show some signs of improvement in the German economy, although still in negative territory.
Contrary to expectations, risk aversion was prevailing in the last couple of sessions after the Greek deal late on Monday, but the bloc currency has managed well to hold above the 1.3200 level so far.

In the data front, German IFO index is due in Europe and labor market and housing results are expected in the US.

At the moment, the cross is gaining a modest 0.02% at 1.3258 with resistance levels at 1.3293 (high Mar.21) ahead of 1.3295 (Upper Bollinger) then 1.3306 (MA100d) and 1.3322 (trend high Feb.).
On the downside, a breakdown of 1.3186 (low Feb.21) would expose 1.3179 (MA21d) then 1.3115 (low Feb.17) and 1.3040 (Lower Bollinger).