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Forex: EUR/USD remains in sub 1.3200 levels

The shared currency holds the red territory on Friday, meandering around the area of 1.3180 after the repayment figures of the second 3-year LTRO were lower than expected according to the ECB, €61.1 billion vs. €122.5, neutralizing at the same time the better-than-expected readings from the German IFO series.

There is no US docket today, only speeches by FOMC member Powell and Fed’s Tarullo.

At the moment, the pair is losing 0.04% at 1.3183
Next support levels line up at 1.3121 (MA100d) followed by 1.3039 (low Jan.10) en route to 1.3018 (low Jan.7).
On the other hand, a break above 1.3289 (MA55d) would aim for 1.3343 (MA10d) ahead of 1.3429 (MA21d).

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