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Forex pairs in this Article » EUR/USD (Barcelona) - The euro has fully retraced previous gains after positive prospects in today's earnings reports in the US are driving the greenback higher, as optimism is building up ahead of JP Morgan Chase, Goldman Sachs and other financials blue chips.

In the data front, the US CPI is expected to rise 1.8% and the Core print 1.9% during December, both matching previous readings.

At the moment, the pair is down 0.33% en 1.3261
Next support levels are located at 1.3249 (low Jan.11) ahead of 1.3200 (MA21d) and then 1.3193 (MA10d).
On the upside, a climb beyond 1.3325 would open the door to 1.3370 (Upper Bollinger) and 1.3404 (high Jan.14).
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