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Forex: EUR/USD hovering over 1.3060/65

The bloc currency is trading almost unchanged on Tuesday, as the NA session is drawing to a close. Increasing pessimism stemming from the political situation in Italy continued to hammer sentiment today, increased after Bernanke’s testimony and better-than-expected US data.

Tomorrow’s docket will kick in with German Import Prices, followed by a gauge of Consumer Confidence in France and Business Climate in Italy, ahead of EMU’s Consumer Confidence. A speech by ECB’s Mario Draghi would close the calendar, grabbing investors’ attention after the events in Italy.

At the moment, the cross is losing 0.02% at 1.3059 with the next support at 1.3018 (low Jan.7) ahead of 1.2998 (low Jan.4) and finally 1.2996 (low Dec.12).
On the flip side, a break out of 1.3123 (MA100d) would aim for 1.3319 (high Feb.25) and then 1.3389 (MA21d).

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