Forex: EUR/USD hovering over 1.3250
Forex pairs in this Article »
EUR/USD
FXstreet.com (Barcelona) - The euro keeps yesterday's close levels around 1.3250 against the greenback, despite markets are slightly biased towards the risk aversion.
Inflation data in the Chinese economy showed that the CPI rose 0.8% MoM during December and 2.5% over the last twelve months, beating estimates at +0.5% and +2.3% respectively. Producer prices contracted 1.9% on a year through December, below the expected -1.8%.
As of writing, the cross is losing 0.13% at 1.3253 facing the next resistance at 1.3300 (high Jan.2) followed by 1.3308 (high Dec.19) and then 1.3368 (high Apr.3).
On the flip side, a breakdown of 1.3170 (MA21d) would expose 1.3120 (MA200h) and then 1.3040 (Lower Bollinger).
Inflation data in the Chinese economy showed that the CPI rose 0.8% MoM during December and 2.5% over the last twelve months, beating estimates at +0.5% and +2.3% respectively. Producer prices contracted 1.9% on a year through December, below the expected -1.8%.
As of writing, the cross is losing 0.13% at 1.3253 facing the next resistance at 1.3300 (high Jan.2) followed by 1.3308 (high Dec.19) and then 1.3368 (high Apr.3).
On the flip side, a breakdown of 1.3170 (MA21d) would expose 1.3120 (MA200h) and then 1.3040 (Lower Bollinger).
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