Forex: EUR/USD consolidating around 1.3450
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EUR/USD
FXstreet.com (Barcelona) - The bloc currency is extending its consolidating pattern on Monday, as the lull preceding the US close is slowly taking over.
Moving forward to Tuesday, the euro docket will kick in with a gauge of the German consumer confidence by the Gfk Survey, followed by Import Prices, ahead of French Consumer Confidence and Spanish Retail Sales. Across the Atlantic, the S&P/CS Home Price Index and January's Consumer Confidence are also due.
At the moment, the cross is down 0.06% at 1.3457 facing the immediate support at 1.3425 9low Jan.28) followed by 1.3352 (MA10d) en route to 1.3349 (low Jan.25).
On the flip side, a break above 1.3480 (high Jan.25) would open the door to 1.3487 (high 2012 Feb.24) en route 1.3491 (50% of 2011-12 decline).
Moving forward to Tuesday, the euro docket will kick in with a gauge of the German consumer confidence by the Gfk Survey, followed by Import Prices, ahead of French Consumer Confidence and Spanish Retail Sales. Across the Atlantic, the S&P/CS Home Price Index and January's Consumer Confidence are also due.
At the moment, the cross is down 0.06% at 1.3457 facing the immediate support at 1.3425 9low Jan.28) followed by 1.3352 (MA10d) en route to 1.3349 (low Jan.25).
On the flip side, a break above 1.3480 (high Jan.25) would open the door to 1.3487 (high 2012 Feb.24) en route 1.3491 (50% of 2011-12 decline).
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