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Forex: EUR/USD keeps the tops around 1.3350/55

FXstreet.com (Barcelona) - The bloc currency remains trading in the upper end of today’s range, flirting with the mid 1.3300s as risk appetite is now leading the way in the FX markets.

A well-received Spanish auction has been supportive of the euro, despite the poor data out of the Construction Output in the bloc, contracting 0.4% on a monthly basis and 4.7% YoY during November.

At the moment, the pair is advancing 0.51% at 1.3357
Next resistance levels line up at 1.3370 (Upper Bollinger) ahead of 1.3382 (high Jan.14) and finally 1.3487 (2012 high Feb.24).
On the flip side, a dip beyond 1.3249 (low Jan.11) would aim for 1.3221 (MA21d) and then 1.3204 (MA10d).

EMU: Construction Output decreases further in November

Eurozone Construction Output s.a. slid for the third running month by 0.4% in November, following a 1.6% decline in October, according to data released today by Eurostat.
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The Spanish Tesoro Público held a debt auction on Thursday during which it sold a total of 4.505 billion euro worth of bonds, at the top of the targeted 3.5-4.5 billion euro range.
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