Filed Under:
Forex pairs in this Article » EUR/USD (Barcelona) - Buba's Weidmann believes the ECB could have drawn a tighter circle of systemically relevant banks put under ECB supervision, according to Pete Jackson at Also on the wires is Spanish Prime Minister Rajoy's statement that Spain still doesn't need a bailout.

After bouncing from the 1.3075 support area (low at 1.3068) and finding a morning high at 1.3099, the EURUSD has fallen back down and erased its gains. The US economic calendar will provide inflation, industrial and manufacturing PMI figures. TD Securities analysts expect the US industrial production to disappoint and CPI to be ignored.

Commerzbank analysts expect the 1.3100 mark and the three month resistance line at 1.3121, the 1.3127 current December high and the 1.3140 October peak to provoke a sell-off back towards the psychological 1.3000 region. "Failure here will probably kick start a slide back to the 1.2880/76 support area", wrote analyst Axel Rudolph.
comments powered by Disqus