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Forex: EUR/USD around 1.3370 ahead of US data

The single currency keeps the red territory ahead of the US docket on Wednesday: US Building Permits are expected to rise by 915K vs. December’s 903K and Producer Prices are forecasted to advance 1.4% on a yearly basis vs. 1.3% in the previous month.

EUR/USD is losing 0.12% at 1.3373 and a breakdown of 1.3307 (low Feb.15) would open the door to 1.3286 (low Jan.24) and finally 1.3276 (MA55d).
On the upside, resistance levels line up at 1.3450 (MA21d) ahead of 1.3456 (high Feb.14) and then1.3482 (hourly highs. Feb.13).

Forex Flash: Wheeler comments not seen as game-changer for NZD – UBS

According to Research Analyst Gareth Berry at UBS, “the overnight remarks from RBNZ Governor Wheeler suggest a slightly greater intolerance of currency strength. However, at the same time the Governor acknowledged again that that there are no quick fixes or simple solutions to the problem.”
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US Producer Price Index (MoM) up to 0.2% in Jan from -0.2% in Dec. (YoY) 1.4% vs. 1.3%.

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