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Forex: EUR/USD eases to 1.3140/45

FXstreet.com (Barcelona) - The single currency has given away a few pips after the Spanish Industrial Output posted an annual contraction of 0.6% in March, recovering part of the previous 6.9% drop. In the meantime, market participants are waiting for auctions of Spanish bonds maturing in 2016, 2018 and Obligaciones expiring in 2026.

Next on tap in the euro docket will be the unemployment figures in Greece and Portugal during February and the first quarter, respectively.

At the moment EUR/USD is down 0.04% at 1.3146 with the immediate support at 1.3111 (MA10d) ahead of 1.3071 (low May 8) and finally 1.3068 (low May 7).
On the flip side, a breakout of 1.3194 (high May 8) would aim for 1.3220 (high May 2) and finally 1.3243 (high May 1).

Forex Flash: Expect EUR/USD to test upside resistance - OCBC Bank

Emmanuel Ng of OCBC Bank notes that in the near term, with background positivity attached to the common currency, investors should expect EUR/USD to test towards resistance around 1.3200/30, with support below at 1.3100.
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