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Forex: EUR/USD keeps below 1.3100

The sentiment surrounding the single currency has accelerated its pessimism towards the end of the NA session on Monday, dipping as low as 1.3079 on increased jitters from the Italian political arena.

Empty docket in the euro bloc on Tuesday would prompt investors to shift their attention to the US, where Chief Bernanke will testify at the US Congress. Data-wise, the most relevant event would be Consumer Confidence and New Home Sales.

At the moment, EUR/USD is retreating 0.98% at 1.3098
Next support levels line up at 1.3039 (low Jan.10) ahead of 1.3018 (low Jan.7).
On the flip side, a breakout of 1.3334 (Tenkan Sen line) would expose 1.3415 (MA21d) and finally 1.33456 (high Feb.14).

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