Forex: EUR/USD flat around 1.3085/90
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EUR/USD
FXstreet.com (Barcelona) - The single currency is trading slightly higher in the vicinity of 1.3085/90 on Wednesday, as markets remain unbiased after the Asian close.
Cautiousness is prevailing among investors ahead of the Q4 GDP figures in the euro area. Prior surveys expect the economic activity in the bloc to contract 0.1% during the last quarter of 2012, matching the previous print.
As of writing, the pair is posting meagre gains at 1.3089, or 0.05% with the next resistance at 1.3150 (Tenkan Sen line) followed by 1.3159 (MA21d) and 1.3190 (high Jan.3).
On the flip side, a violation of 1.3058 (low Jan.8) would bring 1.3018 (low Jan.7) and then 1.2998 (low Jan.4).
Cautiousness is prevailing among investors ahead of the Q4 GDP figures in the euro area. Prior surveys expect the economic activity in the bloc to contract 0.1% during the last quarter of 2012, matching the previous print.
As of writing, the pair is posting meagre gains at 1.3089, or 0.05% with the next resistance at 1.3150 (Tenkan Sen line) followed by 1.3159 (MA21d) and 1.3190 (high Jan.3).
On the flip side, a violation of 1.3058 (low Jan.8) would bring 1.3018 (low Jan.7) and then 1.2998 (low Jan.4).
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