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Forex: EUR/USD eased further after French data

The bloc currency remained almost indifferent after the industrial production in France expanded 0.1%, bettering expectations of a 0.2% drop during December, albeit below November’s +0.5%.

“We had previously looked for 1.36-1.38, perhaps 1.40. Now we look for a return to range-trading until the data starts to improve further, or indeed, we face turmoil from Italian or Spanish politics or the 1 Mar US sequester. We look for a 1.3250-1.36 range for coming weeks”, writes the team research at NAB.

At the moment, the cross is up 0.04% at 1.3375 facing the next resistance at 1.3462 (high Feb.5) ahead of 1.3510 (MA10d) and then 1.3577 (high Feb.7).
On the flip side, a breach of 1.3349 (low Jan.25) would bring1.3265 (low Jan.23) and finally 1.3215 (Lower Bollinger).

Forex: USD/CHF looks at downside

With the USD/CHF upside stopped at 0.9200 on Thursday, the market has been mostly sideways just below. As of writing, the market is attempting at breaking the supportive area of 0.9165/70 that has been holding the pair up there quite well.
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Forex Flash: EUR/USD downside corrective, targets 1.3270/56 - Commerzbank

The EUR/USD is under downside corrective pressure, particularly after having reacted back to the 50% retracement of the move higher seen this year (this is located at 1.3355). “We target the 1.3270/56 zone near term, which we suspect will hold the initial test. This is the 16th Jan low and the 61.8% retracement, however there is potential for a slide back to the 1.3228 3 month support line”, wrote analyst Karen Jones.
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