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Forex: EUR/USD flat-lining around 1.3040/45

FXstreet.com (Barcelona) - The single currency is posting meager gains on Thursday around the area of 1.3040/45, ahead of key Spanish auctions of 3-year and 5-year bonds and 10-year Obligaciones.
Continuing with the events in the euro area, there will be a French auction of 10-year bonds followed by Portugal’s Current Account figures.

The euro eroded all previous gains on Wednesday, falling to the psychological mark at 1.300 after hitting fresh highs at 1.3202 on pessimist comments by Buba’s J.Weidmann nad the generalized risk-off tone.

As of writing, the cross is up 0.13% at 1.3049 with the next resistance at 1.3202 (high Apr.16) ahead of 1.3229 (50% of Feb. - Apr. slide) and finally 1.3319 (high Feb.25).
On the flip side, a breach of 1.3028 (low Apr.16) would expose 1.3006 (low Apr.9) and then 1.2963 (low Apr.8).

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After closing at its highest level since late February the previous day, EUR/USD was unable to achieve any follow through and finished the New York session down 1.08% at 1.3035.
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