Forex: EUR/USD around 1.3365/70, ahead of IFO
Forex pairs in this Article »
EUR/USD
FXstreet.com (Barcelona) - The bloc currency is posting marginal losses on Friday, ahead of the German IFO Series, expected to improve in all of its components.
After yesterday's rally to the boundaries of 1.3400, the euro lost steam and retreated to the current area around 1.3365/70
At the moment, the cross is losing 0.07% at 1.3367 with the next support at 1.3265 (low Jan.23) would aim for 1.3248 (low Jan.11) and then 1.3235 (MA21d).
On the flip side, a breakout of 1.3398 (high Jan.18) ahead of 1.3404 (2013 high Jan.14) and 1.3451 (Upper Bollinger).
After yesterday's rally to the boundaries of 1.3400, the euro lost steam and retreated to the current area around 1.3365/70
At the moment, the cross is losing 0.07% at 1.3367 with the next support at 1.3265 (low Jan.23) would aim for 1.3248 (low Jan.11) and then 1.3235 (MA21d).
On the flip side, a breakout of 1.3398 (high Jan.18) ahead of 1.3404 (2013 high Jan.14) and 1.3451 (Upper Bollinger).
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