Forex: EUR/USD eyes 1.3000 as risk intensifies
Forex pairs in this Article »
EUR/USD
FXstreet.com (Barcelona) - The single currency is accelerating its march north on Tuesday after rumors were hitting the wires that Greece would meet its debt target, worth ¬30 billion.
The sentiment around the euro has been boosted after better-than-expected ZEW Survey results in both Germany and the euro zone.
Spain auctions of 12m and 18m Letras have surpassed the initial target of ¬3.5 billion, posting at the same time lower yields and supporting today's upside in EURUSD.
The cross is up 0.39% at 1.2991 with the next resistance waiting at 1.3087 (high Dec.6) followed by 1.310 (psychological level) and then 1.3127 (high Dec.5).
On the flip side, a break below 1.2911 (MA21d) would open the door to 1.2881 (low Dec.10) and then 1.2878 (low Dec.7).
The sentiment around the euro has been boosted after better-than-expected ZEW Survey results in both Germany and the euro zone.
Spain auctions of 12m and 18m Letras have surpassed the initial target of ¬3.5 billion, posting at the same time lower yields and supporting today's upside in EURUSD.
The cross is up 0.39% at 1.2991 with the next resistance waiting at 1.3087 (high Dec.6) followed by 1.310 (psychological level) and then 1.3127 (high Dec.5).
On the flip side, a break below 1.2911 (MA21d) would open the door to 1.2881 (low Dec.10) and then 1.2878 (low Dec.7).
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