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Forex: EUR/USD hovering over 1.3450/55

The bloc currency keeps the positive mood at the end of the trading session in Wall St., consolidating its intraday gains around the mid 1.34s

Wednesday’s docket brings German Wholesale Prices, followed by EMU Industrial Production and a 3-year Italian bonds auction. Across the pond, the most relevant release would be the Retail Sales during January.

EUR/USD is now up 0.34% at 1.3452 facing the next resistance at 1.3494 (MA10d) ahead of 1.3577 (high Feb.7) and then 1.3598 (high Feb.5).
On the contrary, a breakdown of 1.3360 (low Feb.12) would aim for 1.3325 (low Feb.11) and finally the psychological level at 1.3300

US January Monthly Budget surplus 2.88B vs -0.26B deficit in December

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