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Forex: EUR/USD stuck around 1.3055/60

FXstreet.com (Barcelona) - The single currency is hovering over the mid 1.30s at the end of the trading week, retracing ground from session highs just above the key resistance of 1.3100

Moving forward to Monday, a second-tier docket in the euro area would be a priori insufficient to trigger a significant move in the cross, as Italy and the EMU would publish their trade balance figures. Across the pond, the only release will be NAHB Housing Market index.

At the moment, the cross is up 0.38% at 1.3053 with the next resistance at 1.3111 (MA21d) ahead of 1.3129 (MA100d) and finally 1.3135 (high Mar.8).
On the downside, a breach of 1.3000 (hourly low Mar.15) would aim for 1.2912 (low Mar.14) and finally 1.2881 (low Dec.10).

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