Tuesday, 22 January 2013

EUR/USD frozen at 1.3315/20

See more HOT pictures

 
More at http://daily20pips.blogspot.com/2013/01/kate-upton-is-american-model-and-actress.html
Dull session in general on Monday, as the lack of data and results in the euro zone plus the inactivity in the US markets due to the MLK holiday have combined to leave the traders in the side lines ahead of the BoJ gathering and the Eurogroup announcements. 

More than interesting session awaits on Tuesday, as the aforementioned BoJ and Eurogroup meetings are due, preceding the German/EMU ZEW Survey and a Spanish auction of 3m and 6m Letras. Across the pond, Existing Home Sales will be in the limelight in the US. A speech by ECB's M.Draghi will close the docket.

The cross is now up 0.03% at 1.3315 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).

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