Forex: EUR/USD around 1.3275, eyes on EMU CPI
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EUR/USD
FXstreet.com (Barcelona) - The single currency is back to the region of 1.3275/80, ahead of the inflation figures in the euro zone due later. Market consensus expects the CPI to rose 2.2% on a yearly basis during December, matching the previous reading.
Previously, in the data front, Italian trade surplus has slightly narrowed to ¬2.363 billion in November, from ¬2.42 billion in the prior month.
As of writing, the pair is down 0.22% at 1.3275 with the next support at 1.3265 (low Jan.15) ahead of 1.3249 (low Jan.11) and finally 1.3201 (MA21d).
On the upside, a breakout of 1.3373 (Upper Bollinger) would aim to 1.3404 (high Jan.14) and then 1.3487 (2012 high Feb.24).
Previously, in the data front, Italian trade surplus has slightly narrowed to ¬2.363 billion in November, from ¬2.42 billion in the prior month.
As of writing, the pair is down 0.22% at 1.3275 with the next support at 1.3265 (low Jan.15) ahead of 1.3249 (low Jan.11) and finally 1.3201 (MA21d).
On the upside, a breakout of 1.3373 (Upper Bollinger) would aim to 1.3404 (high Jan.14) and then 1.3487 (2012 high Feb.24).
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