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Forex: EUR/USD sidelined around 1.3060/65

FXstreet.com (Barcelona) - The single currency is posting gains on Friday against its American counterpart, hovering over 1.3060/65 ahead of the German Producer Prices due later. Prior surveys expect the prices to rise 0.7% on a yearly basis and 0.0% MoM.

Ahead in the day, EMU’s Current Account is also due, followed by Italian Industrial Orders/Sales and a measure of March’s Trade Balance in Spain.

At the moment, the cross is up 0.11% at 1.3066 with the next resistance at 1.3202 (high Apr.16) followed by 1.3229 (50% of Feb.-Apr. slide).
On the flip side, a breach of 1.3001 (low Apr.17) would expose 1.2963 (low Apr.8).

Germany Mar Producer Price Index (MoM) down to -0.2% vs -0.1% in Feb. (YoY) 0.4% vs. 1.2%.

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