Forex: EUR/USD keeps the momentum around 1.3270/75

FXstreet.com (Barcelona) - The shared currency is trading almost unchanged from yesterday's close, hovering over 1.3270/75 and still under the effects of ECB's Draghi's comments.

"A side-lined ECB and general positive market risk sentiment triggered heavy euro buying and send EURUSD back near 1.33& The possibility of a ECB rate cut was certainly a scenario that investors carried with them into 2013, even as the money market was no longer pricing this. Hence, the clear message from the ECB that the bank is not considering rate cuts opened up for investors to add long euro positions", argued Senior Analyst K.Kirkegaard at Danske Bank.

As of writing, the cross is up 0.01% at 1.3072 and a break above 1.3300 (high Jan.2) would clear the way to 1.3308 (high Dec.19) and finally 1.3368 (high Apr.3).
On the downside, support levels line up at 1.3248 (low Jan.11) ahead of 1.3200 (psychological level) and then 1.3172 (38.2% of 1.2998-1.3280).