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Forex: EUR/USD waiting for Europe in red

The single currency eased some ground overnight, falling from levels above the key resistance at 1.3400 to yesterday’s comfort zone around 1.3370/80
After the spike to levels shy of 1.3430 on BUBA’s J.Weidmann’s comments, the euro lost impetus and retreated to lower levels, ahead of news from the Eurogroup meeting.

As of writing, the cross is losing 0.10% at 1.3387 facing the next support at 1.3360 (hourly lows Feb.11) ahead of 1.3326 (hourly low Feb.11) and then 1.3265 (low Jan.23).
On the flip side, a breakout of 1.3426 (MA21d) would bring1.3430 (high Feb.8) and finally 1.3462 (low Feb.5).

Forex: GBP/USD around 1.5650 ahead of UK data

The sterling is trading around the mid 1.56s ahead of a batch of data in the UK: inflation figures, DCLG House prices, producer prices and retail sales and CB leading economic index, all ahead the most relevant BoE Inflation Letter...
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