Forex: EUR/USD around 1.3370, eyes on IFO

FXstreet.com (Barcelona) - The shared currency keeps the buoyancy in the area around 1.3370 on Thursday, as we approach to the last part of the NA session. After another failed attempt to follow through the key barrier at 1.3400, the momentum faltered and the cross retreated to the current area.

A quick glance at tomorrow's docket in the euro area is enough to highlight the German IFO series as the most relevant release in the bloc, seconded by the Greek Current Account and Producer Prices in Spain. Across the Atlantic, the housing sector would be again n the limelight, as the New Home Sales are expected to rise 2.1% during December, more than halving the previous +4.4%.

At the moment, the cross is up 0.40% at 1.3372 with the next resistance at 1.3398 (high Jan.18) ahead of 1.3404 (2013 high Jan.14) and 1.3451 (Upper Bollinger).
On the downside, a breach of 1.3265 (low Jan.23) would aim for 1.3248 (low Jan.11) and then 1.3235 (MA21d).