Forex: EUR/USD hovering over 1.3350, Eurogroup eyed

FXstreet.com (Barcelona) - The bloc currency is markedly higher against the greenback on Tuesday, after the BoJ has finally delivered its stimulus package in order to curb the entrenched deflation. In fact, and broadly in line with expectations, the central bank adopted a 2% inflation target and an open-ended asset purchase programme starting in January 2014.

Next in the euro docket will be the Spanish auction of 3m and 6m Letras, followed by the ZEW Survey in Germany and the EMU.

The cross is now up 0.30% at 1.3354 with the next resistance at 1.3371 (hourly high Jan.18) followed by 1.3392 (Upper Bollinger) and then 1.3404 (high Jan.14).
On the flip side, a dip below 1.3300 (low Jan.21) would bring 1.3280 (low Jan.18) and finally 1.3270 (low Jan.17).