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Forex: EUR/USD back to 1.3352 ahead of Spanish auction

The bloc currency has recovered the 1.3350 region after dipping to sub 1.3340 levels on Tuesday, ahead of the Spanish auction of 3-m Letras due later, preceding the more relevant ZEW Survey in Germany and the EMU.

Continuing with the data, the Greek current account deficit during December shrunk to €534 million from €859.

At the moment, the cross is up 0.02% at 1.3353 with the next hurdle at 1.3393 (high Feb.15) followed by 1.3415 (hourly high/low Feb14) and then 1.3423 (MA10d).
On the downside, a breach of 1.3307 (low Feb.15) would expose 1.3286 (low Jan.24) en route to 1.3276 (MA55d).

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