Forex: EUR/USD finds bids around 1.3320
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EUR/USD
FXstreet.com (Barcelona) - The single currency is extending its correction lower after overnight tops in the boundaries of the 1.34 figure, as risk aversion is gathering traction on Tuesday.
The cross would remain under pressure ahead of the US retail figures, as a better-than-expected reading could be supportive of the greenback.
At the moment, the pair is down 0.43% at 1.3324 with the next support at 1.3249 (low Jan.11) en route to 1.3200 (MA21d) and then 1.3190 (MA10d).
On the flip side, a break above 1.3404 (high Jan.14) would expose 1.3487 (2012 high Feb.24) and then 1.3491 (50% of 2011-2012 drop).
The cross would remain under pressure ahead of the US retail figures, as a better-than-expected reading could be supportive of the greenback.
At the moment, the pair is down 0.43% at 1.3324 with the next support at 1.3249 (low Jan.11) en route to 1.3200 (MA21d) and then 1.3190 (MA10d).
On the flip side, a break above 1.3404 (high Jan.14) would expose 1.3487 (2012 high Feb.24) and then 1.3491 (50% of 2011-2012 drop).
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