Forex: EUR/USD eyes 1.3100 after Italian data

FXstreet.com (Barcelona) - The single currency is gathering some traction after the Italian public deficit/GDP rose 1.8% during the third quarter, below the previous +2.4% (revised). The result seems to have woken up investors, as the cross is up ticking towards the key resistance at 1.3100

At the moment the cross is up 0.07% at 1.3090 with the next hurdle lying at 1.3140 (high Jan.8) ahead of 1.3144 (MA10d) and 1.3161 (MA21d).
On the opposite side, a breakdown of 1.3058 (low Jan.8) would lead to 1.3036 (Lower Bollinger) and then 1.3018 (low Jan.7).