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8 Apr 2013
Forex: EUR/USD keeps highs despite Sentix
FXstreet.com (Barcelona) - The single currency keeps pushing higher on Monday, despite investors’ confidence in the euro zone gauged by the Sentix index dropped to -17.3 for the month of April, vs. -13.1 forecasted and -10.6 previous.
Next on tap will be the German Industrial Production, with prior surveys expecting the sector to improve 0.3% during February. Across the pond, the most relevant event will be Chief Bernanke’s speech, due tonight.
At the moment, EUR/USD is advancing 0.15% at 1.3010 with the next resistance at 1.3040 (high Apr.5) followed by 1.3050 (high Mar.25) and then 1.3107 (high Mar.15).
On the downside, a breach of 1.2918 (MA21d) would bring 1.2896 (MA200d) and finally 1.2868 (MA10d).
Next on tap will be the German Industrial Production, with prior surveys expecting the sector to improve 0.3% during February. Across the pond, the most relevant event will be Chief Bernanke’s speech, due tonight.
At the moment, EUR/USD is advancing 0.15% at 1.3010 with the next resistance at 1.3040 (high Apr.5) followed by 1.3050 (high Mar.25) and then 1.3107 (high Mar.15).
On the downside, a breach of 1.2918 (MA21d) would bring 1.2896 (MA200d) and finally 1.2868 (MA10d).