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Forex pairs in this Article » EUR/USD (Barcelona) - The EURUSD bounce from the European opening low of 1.3017 was capped at 1.3044 on the release of the EMU Sentix Investor Confidence and the market stalled there ahead of EMU PPI data.

The Producer Price Index eased from 2.6% to 2.1% on the annualized basis in November, lower than the 2.4% expected. The monthly change was a -0.2% contraction. Earlier, the Sentix Investor Confidence indicator in the Eurozone jumped from -16.8 to -7 in January, beating consensus of -15.0.

"EURUSD found support via the 1.3021 figure on Friday, lending a bullish bias in the short term", wrote independent analyst Richard Lee, considering the momentum as temporary with resistance just above 1.3140, while support at 1.3021 may sustain the downside for a while.
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