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Forex: EUR/USD around 1.3075 ahead of German data

The single currency is hovering over the area of 1.3075/80 on Wednesday, ahead of German Import Prices during January. Prior surveys expect prices to rise 0.3% on a monthly basis and to contract 0.6% over the last twelve months.

At the moment, the cross is up 0.10% at 1.3075 with the next resistance at 1.3123 (MA100d) followed by 1.3319 (high Feb.25) and then 1.3389 (MA21d).
On the flipside, a breakdown of 1.3018 (low Jan.7) would aim for 1.2998 (low Jan.4) and finally 1.2996 (low Dec.12).

Le Euro speaks Italian these days, capire?

Following the bustling Monday session, in which a huge spike in volatility took place, global financial market barely got out of second gear yesterday (Tuesday), in what may be interpreted as a consolidative transition. The question now is, was that the calm before another storm or can ailing risk assets enjoy some room for further corrections?
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