Forex: EUR/USD remains capped by 1.3500
Forex pairs in this Article »
EUR/USD
FXstreet.com (Barcelona) - The bloc currency is trading flat on Wednesday, navigating the area below the 1.3500 handle ahead of the Estimated GDP figures in Spain during the fourth quarter. Prior surveys expect the economic activity in the Mediterranean country to contract further to 1.7% YoY and 0.4% QoQ, vs. -1.4% and -0.3%, respectively.
At the moment, the cross is down 0.05% at 1.3484 and a break below 1.3415 (hourly low Jan.19) would expose 1.3370 (MA10d) and finally 1.3349 (low Jan.25).
On the flip side, resistance levels line up at 1.3491 (50% of 2011-12 decline) ahead of 1.3528 (Upper Bollinger) and then 1.3550 (high Dec.2 2011).
At the moment, the cross is down 0.05% at 1.3484 and a break below 1.3415 (hourly low Jan.19) would expose 1.3370 (MA10d) and finally 1.3349 (low Jan.25).
On the flip side, resistance levels line up at 1.3491 (50% of 2011-12 decline) ahead of 1.3528 (Upper Bollinger) and then 1.3550 (high Dec.2 2011).
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